Nisa Investment Advisors LLC Has $6.99 Million Position in Principal Financial Group, Inc. $PFG

Nisa Investment Advisors LLC raised its holdings in Principal Financial Group, Inc. (NYSE:PFG) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,271 shares of the company’s stock after buying an additional 7,870 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Principal Financial Group were worth $6,987,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group bought a new stake in Principal Financial Group in the second quarter valued at about $25,000. Traub Capital Management LLC bought a new position in Principal Financial Group during the second quarter worth about $26,000. Capital A Wealth Management LLC boosted its holdings in Principal Financial Group by 5,533.3% during the second quarter. Capital A Wealth Management LLC now owns 338 shares of the company’s stock valued at $27,000 after purchasing an additional 332 shares in the last quarter. American National Bank & Trust bought a new stake in shares of Principal Financial Group in the 2nd quarter valued at approximately $28,000. Finally, Curio Wealth LLC grew its stake in shares of Principal Financial Group by 37,800.0% in the 2nd quarter. Curio Wealth LLC now owns 379 shares of the company’s stock valued at $30,000 after purchasing an additional 378 shares during the period. 75.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on PFG. Evercore ISI boosted their price target on Principal Financial Group from $92.00 to $94.00 and gave the company an “in-line” rating in a research note on Thursday, October 9th. Wells Fargo & Company lifted their price objective on Principal Financial Group from $73.00 to $74.00 and gave the company an “underweight” rating in a report on Wednesday, October 29th. Piper Sandler upped their target price on shares of Principal Financial Group from $94.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, December 23rd. Keefe, Bruyette & Woods increased their target price on shares of Principal Financial Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Finally, Barclays restated an “underweight” rating and issued a $85.00 price target on shares of Principal Financial Group in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $91.60.

Insider Buying and Selling at Principal Financial Group

In related news, EVP Wee Yee Cheong sold 1,887 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $85.04, for a total value of $160,470.48. Following the completion of the transaction, the executive vice president owned 81,421 shares in the company, valued at $6,924,041.84. The trade was a 2.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.08% of the stock is currently owned by corporate insiders.

Principal Financial Group Stock Performance

Shares of NYSE:PFG opened at $90.29 on Friday. The business has a fifty day moving average of $86.78 and a 200-day moving average of $82.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.30 and a current ratio of 0.29. Principal Financial Group, Inc. has a twelve month low of $68.39 and a twelve month high of $92.51. The firm has a market cap of $20.11 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.76 and a beta of 0.89.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Monday, October 27th. The company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. Principal Financial Group had a net margin of 9.74% and a return on equity of 14.68%. During the same quarter last year, the company posted $2.05 EPS. On average, equities research analysts predict that Principal Financial Group, Inc. will post 8.5 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Wednesday, December 3rd were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 3.5%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Wednesday, December 3rd. Principal Financial Group’s payout ratio is currently 46.00%.

Principal Financial Group Company Profile

Principal Financial Group, commonly known as Principal, is a global financial services company headquartered in Des Moines, Iowa. The firm provides a broad range of retirement, investment management and insurance solutions for individual, employer and institutional clients. Its core businesses include retirement plan services and recordkeeping, asset management, and life and disability insurance, supported by distribution through employers, financial advisors and direct channels.

On the retirement side, Principal offers 401(k) and other workplace retirement plans, individual retirement accounts and annuity products designed to help clients accumulate and manage retirement savings.