Elo Mutual Pension Insurance Co Acquires 11,902 Shares of Principal Financial Group, Inc. $PFG

Elo Mutual Pension Insurance Co lifted its holdings in Principal Financial Group, Inc. (NYSE:PFG) by 48.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 36,416 shares of the company’s stock after buying an additional 11,902 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Principal Financial Group were worth $3,019,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in PFG. Traub Capital Management LLC purchased a new position in Principal Financial Group in the second quarter worth about $26,000. Capital A Wealth Management LLC lifted its stake in shares of Principal Financial Group by 5,533.3% in the 2nd 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 during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Principal Financial Group in the 2nd quarter worth approximately $45,000. Financial Consulate Inc. bought a new position in shares of Principal Financial Group during the 3rd quarter valued at approximately $46,000. Finally, Hantz Financial Services Inc. raised its holdings in Principal Financial Group by 206.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 604 shares of the company’s stock valued at $48,000 after buying an additional 407 shares during the period. 75.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Principal Financial Group

In related news, CEO Deanna D. Strable-Soethout sold 7,340 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $95.00, for a total value of $697,300.00. Following the completion of the sale, the chief executive officer directly owned 136,828 shares of the company’s stock, valued at $12,998,660. This represents a 5.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 24,965 shares of company stock valued at $2,352,460 in the last ninety days. Insiders own 1.08% of the company’s stock.

Principal Financial Group Stock Performance

Shares of NYSE:PFG opened at $93.67 on Wednesday. The firm has a market cap of $20.31 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 0.76 and a beta of 0.89. The firm’s 50 day simple moving average is $92.18 and its 200-day simple moving average is $86.17. Principal Financial Group, Inc. has a one year low of $68.39 and a one year high of $97.88. 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 (NYSE:PFG) last announced its quarterly earnings results on Monday, February 9th. The company reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the business posted $1.94 earnings per share. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. As a group, equities analysts predict that Principal Financial Group, Inc. will post 8.5 EPS for the current year.

Principal Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, March 11th will be paid a dividend of $0.80 per share. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.79. This represents a $3.20 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, March 11th. Principal Financial Group’s payout ratio is 60.72%.

Wall Street Analyst Weigh In

PFG has been the subject of several recent analyst reports. Wells Fargo & Company raised shares of Principal Financial Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $85.00 to $91.00 in a research note on Wednesday, February 25th. Morgan Stanley lifted their price target on shares of Principal Financial Group from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Piper Sandler raised their price objective on shares of Principal Financial Group from $94.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 23rd. Barclays restated an “underweight” rating and set a $85.00 target price on shares of Principal Financial Group in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $103.00 price target on shares of Principal Financial Group in a report on Monday, January 5th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $94.11.

About Principal Financial Group

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.