Denali Advisors LLC raised its position in shares of Principal Financial Group Inc (NYSE:PFG) by 0.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,017 shares of the financial services provider’s stock after purchasing an additional 600 shares during the period. Principal Financial Group accounts for approximately 1.5% of Denali Advisors LLC’s holdings, making the stock its 14th biggest position. Denali Advisors LLC owned approximately 0.07% of Principal Financial Group worth $10,858,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. acquired a new position in Principal Financial Group during the 2nd quarter valued at about $25,000. Virtus ETF Advisers LLC boosted its stake in Principal Financial Group by 73.0% during the 2nd quarter. Virtus ETF Advisers LLC now owns 602 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 254 shares during the period. QCI Asset Management Inc. NY boosted its stake in Principal Financial Group by 620.0% during the 2nd quarter. QCI Asset Management Inc. NY now owns 756 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 651 shares during the period. Thor Advisors LLC acquired a new position in Principal Financial Group during the 1st quarter valued at about $38,000. Finally, Personal Wealth Partners acquired a new position in Principal Financial Group during the 2nd quarter valued at about $51,000. 68.64% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Julia M. Lawler sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $57.99, for a total transaction of $57,990.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Luis E. Valdes sold 11,829 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $59.54, for a total transaction of $704,298.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,829 shares of company stock valued at $872,799. Company insiders own 1.50% of the company’s stock.

PFG has been the subject of a number of research analyst reports. Barclays set a $66.00 price target on shares of Principal Financial Group and gave the stock a “buy” rating in a research note on Monday, August 12th. Zacks Investment Research raised shares of Principal Financial Group from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Tuesday, July 2nd. Finally, Morgan Stanley reduced their price target on shares of Principal Financial Group from $59.00 to $57.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Principal Financial Group presently has a consensus rating of “Hold” and a consensus price target of $57.29.

Shares of NYSE:PFG traded up $0.93 during trading on Wednesday, reaching $53.30. The company had a trading volume of 1,055,168 shares, compared to its average volume of 1,413,041. The firm’s fifty day moving average is $54.99 and its 200 day moving average is $55.39. Principal Financial Group Inc has a twelve month low of $40.42 and a twelve month high of $60.81.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.12. The company had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same period in the prior year, the company posted $1.35 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were paid a $0.55 dividend. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Wednesday, September 4th.

Principal Financial Group Company Profile

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.

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

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