Dreman Value Management L L C continued to hold its position in Principal Financial Group Inc (NYSE:PFG) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,098 shares of the financial services provider’s stock at the close of the second quarter. Dreman Value Management L L C’s holdings in Principal Financial Group were worth $511,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sun Life Financial INC boosted its stake in Principal Financial Group by 21,822.2% in the 2nd quarter. Sun Life Financial INC now owns 1,973 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 1,964 shares during the period. Jacobi Capital Management LLC boosted its stake in Principal Financial Group by 291.1% in the 1st quarter. Jacobi Capital Management LLC now owns 2,691 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 2,003 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Principal Financial Group in the 1st quarter worth approximately $202,000. Eagle Global Advisors LLC acquired a new position in Principal Financial Group in the 2nd quarter worth approximately $207,000. Finally, Blair William & Co. IL acquired a new position in Principal Financial Group in the 1st quarter worth approximately $205,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

Principal Financial Group Inc (NYSE PFG) traded down 0.18% during midday trading on Friday, reaching $67.21. 723,470 shares of the company’s stock were exchanged. The stock has a market cap of $19.42 billion, a P/E ratio of 15.27 and a beta of 1.67. Principal Financial Group Inc has a 1-year low of $52.08 and a 1-year high of $67.95. The firm’s 50-day moving average is $63.78 and its 200 day moving average is $64.05.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.09. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.16 billion. Principal Financial Group had a net margin of 10.15% and a return on equity of 13.57%. During the same quarter in the previous year, the firm posted $1.15 earnings per share. Equities analysts anticipate that Principal Financial Group Inc will post $5.19 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 1st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Wednesday, August 30th. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.46. Principal Financial Group’s payout ratio is currently 42.73%.

In other news, insider James P. Mccaughan sold 6,193 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $62.33, for a total value of $386,009.69. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Gary P. Scholten sold 13,495 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $67.00, for a total transaction of $904,165.00. The disclosure for this sale can be found here. In the last three months, insiders sold 150,272 shares of company stock worth $9,696,407. 1.50% of the stock is currently owned by insiders.

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PFG has been the subject of a number of research analyst reports. Barclays PLC increased their target price on shares of Principal Financial Group from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, August 11th. Morgan Stanley increased their target price on shares of Principal Financial Group from $67.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Wells Fargo & Company reiterated a “buy” rating on shares of Principal Financial Group in a research report on Thursday, June 29th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $68.00 target price on shares of Principal Financial Group in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of Principal Financial Group from a “sell” rating to a “hold” rating and set a $73.00 target price for the company in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $66.00.

About Principal Financial Group

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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