Public Employees Retirement Association of Colorado boosted its position in Principal Financial Group Inc (NYSE:PFG) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 56,290 shares of the financial services provider’s stock after acquiring an additional 1,700 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Principal Financial Group were worth $3,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Everence Capital Management Inc. lifted its position in Principal Financial Group by 16.8% in the fourth quarter. Everence Capital Management Inc. now owns 7,591 shares of the financial services provider’s stock valued at $536,000 after purchasing an additional 1,091 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Principal Financial Group during the 4th quarter valued at approximately $245,000. Aperio Group LLC lifted its position in shares of Principal Financial Group by 1.0% during the 4th quarter. Aperio Group LLC now owns 204,085 shares of the financial services provider’s stock valued at $14,400,000 after acquiring an additional 1,933 shares during the period. Comerica Bank lifted its position in shares of Principal Financial Group by 1.9% during the 4th quarter. Comerica Bank now owns 65,082 shares of the financial services provider’s stock valued at $4,816,000 after acquiring an additional 1,195 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Principal Financial Group by 10.6% during the 4th quarter. Victory Capital Management Inc. now owns 165,133 shares of the financial services provider’s stock valued at $11,652,000 after acquiring an additional 15,799 shares during the period. Hedge funds and other institutional investors own 68.64% of the company’s stock.

PFG has been the subject of a number of research reports. Wells Fargo & Co set a $79.00 price target on shares of Principal Financial Group and gave the company a “buy” rating in a research report on Thursday, December 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $76.00 price target on shares of Principal Financial Group in a research report on Wednesday, January 31st. Zacks Investment Research downgraded shares of Principal Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Goldman Sachs Group upgraded shares of Principal Financial Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 9th. Finally, Morgan Stanley reduced their price target on shares of Principal Financial Group from $80.00 to $79.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $71.00.

Principal Financial Group Inc (PFG) opened at $61.39 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.10 and a current ratio of 0.10. Principal Financial Group Inc has a 12 month low of $59.25 and a 12 month high of $75.58. The firm has a market cap of $18,020.00, a P/E ratio of 7.79, a PEG ratio of 1.35 and a beta of 1.58.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.18). Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the business earned $1.27 earnings per share. research analysts predict that Principal Financial Group Inc will post 5.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 5th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.32%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, March 2nd. Principal Financial Group’s dividend payout ratio (DPR) is 24.87%.

In other news, CEO Daniel Joseph Houston sold 37,080 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $70.05, for a total transaction of $2,597,454.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Karen E. Shaff sold 50,561 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $69.51, for a total transaction of $3,514,495.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 301,958 shares of company stock valued at $21,343,156. Corporate insiders own 1.50% of the company’s stock.

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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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