Mitsubishi UFJ Asset Management Co. Ltd. Buys 33,246 Shares of Principal Financial Group, Inc. $PFG

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Principal Financial Group, Inc. (NYSE:PFG) by 8.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 433,407 shares of the company’s stock after acquiring an additional 33,246 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.19% of Principal Financial Group worth $35,934,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. MAI Capital Management lifted its stake in Principal Financial Group by 7.8% in the third quarter. MAI Capital Management now owns 22,212 shares of the company’s stock valued at $1,842,000 after purchasing an additional 1,609 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Principal Financial Group by 13.9% in the third quarter. TD Asset Management Inc now owns 124,393 shares of the company’s stock valued at $10,313,000 after buying an additional 15,146 shares during the period. Mufg Securities Americas Inc. lifted its position in shares of Principal Financial Group by 19.6% during the 3rd quarter. Mufg Securities Americas Inc. now owns 5,467 shares of the company’s stock valued at $453,000 after buying an additional 896 shares during the last quarter. Compound Planning Inc. bought a new position in shares of Principal Financial Group during the 3rd quarter worth $206,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Principal Financial Group by 6.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,429 shares of the company’s stock worth $201,000 after acquiring an additional 151 shares during the period. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Principal Financial Group Price Performance

Shares of NYSE:PFG opened at $95.42 on Monday. The company has a 50 day moving average of $91.96 and a 200 day moving average of $85.94. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.36. The stock has a market cap of $20.69 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.76 and a beta of 0.89. Principal Financial Group, Inc. has a 12 month low of $68.39 and a 12 month high of $97.88.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings results on Monday, February 9th. The company reported $2.19 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.03). Principal Financial Group had a net margin of 9.74% and a return on equity of 14.68%. During the same quarter in the prior year, the company earned $1.94 earnings per share. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. As a group, sell-side analysts forecast that Principal Financial Group, Inc. will post 8.5 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, March 11th will be given a dividend of $0.80 per share. The ex-dividend date is Wednesday, March 11th. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a yield of 3.4%. Principal Financial Group’s dividend payout ratio (DPR) is presently 60.72%.

Wall Street Analyst Weigh In

Several research firms have commented on PFG. Bank of America upped their price objective on shares of Principal Financial Group from $95.00 to $96.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Wells Fargo & Company raised shares of Principal Financial Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $85.00 to $91.00 in a research report on Wednesday, February 25th. UBS Group upped their price target on shares of Principal Financial Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Morgan Stanley set a $93.00 price objective on shares of Principal Financial Group in a research note on Monday, December 15th. Finally, Barclays reissued an “underweight” rating and set a $85.00 target price on shares of Principal Financial Group in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Principal Financial Group currently has a consensus rating of “Hold” and a consensus target price of $93.89.

Insiders Place Their Bets

In other Principal Financial Group news, CEO Deanna D. Strable-Soethout sold 9,300 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $95.12, for a total value of $884,616.00. Following the sale, the chief executive officer owned 144,168 shares of the company’s stock, valued at $13,713,260.16. This trade represents a 6.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 24,965 shares of company stock valued at $2,352,460. 1.08% of the stock is owned by corporate insiders.

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.