SG Americas Securities LLC lessened its position in shares of Principal Financial Group Inc (NYSE:PFG) by 34.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,045 shares of the financial services provider’s stock after selling 22,305 shares during the quarter. SG Americas Securities LLC’s holdings in Principal Financial Group were worth $2,705,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PFG. Sun Life Financial INC raised its position in shares of Principal Financial Group by 21,822.2% during the 2nd quarter. Sun Life Financial INC now owns 1,973 shares of the financial services provider’s stock valued at $126,000 after buying an additional 1,964 shares during the period. Eagle Global Advisors LLC purchased a new stake in shares of Principal Financial Group during the 2nd quarter valued at approximately $207,000. Koch Industries Inc. purchased a new stake in shares of Principal Financial Group during the 2nd quarter valued at approximately $210,000. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of Principal Financial Group during the 3rd quarter valued at approximately $226,000. Finally, Foster & Motley Inc. raised its position in shares of Principal Financial Group by 9.3% during the 2nd quarter. Foster & Motley Inc. now owns 4,014 shares of the financial services provider’s stock valued at $257,000 after buying an additional 340 shares during the period. 68.13% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on PFG shares. Zacks Investment Research raised shares of Principal Financial Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $74.00 price target on shares of Principal Financial Group in a research report on Wednesday, September 6th. Wells Fargo & Company set a $76.00 price target on shares of Principal Financial Group and gave the company a “buy” rating in a research report on Wednesday, October 18th. Morgan Stanley lifted their price target on shares of Principal Financial Group from $67.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Finally, Barclays PLC lifted their price target on shares of Principal Financial Group from $61.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $67.40.

Shares of Principal Financial Group Inc (NYSE PFG) opened at $68.40 on Thursday. The stock has a market capitalization of $19,794.13, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 1.31 and a beta of 1.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.10 and a quick ratio of 0.10. Principal Financial Group Inc has a 12-month low of $56.12 and a 12-month high of $69.95.

Principal Financial Group (NYSE:PFG) last announced its earnings results on Thursday, October 26th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.02). The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. During the same period in the previous year, the firm earned $1.15 EPS. equities research analysts expect that Principal Financial Group Inc will post 5.22 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Monday, December 4th will be given a $0.49 dividend. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, December 1st. This represents a $1.96 dividend on an annualized basis and a yield of 2.87%. Principal Financial Group’s payout ratio is presently 30.82%.

In other news, insider Nora Mary Everett sold 12,398 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $68.00, for a total transaction of $843,064.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James P. Mccaughan sold 60,814 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $62.10, for a total value of $3,776,549.40. The disclosure for this sale can be found here. In the last three months, insiders sold 143,537 shares of company stock worth $9,313,955. 1.50% of the stock is owned by corporate insiders.

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Principal Financial Group Company Profile

Principal Financial Group, Inc is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate.

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Institutional Ownership by Quarter for Principal Financial Group (NYSE:PFG)

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