Robeco Institutional Asset Management B.V. Buys 22,177 Shares of Principal Financial Group, Inc. $PFG

Robeco Institutional Asset Management B.V. increased its stake in shares of Principal Financial Group, Inc. (NASDAQ:PFG) by 11.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 211,693 shares of the company’s stock after purchasing an additional 22,177 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Principal Financial Group were worth $23,701,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Principal Financial Group by 3.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,462 shares of the company’s stock worth $2,963,000 after buying an additional 844 shares during the period. CWA Asset Management Group LLC grew its position in Principal Financial Group by 3.7% in the 3rd quarter. CWA Asset Management Group LLC now owns 5,528 shares of the company’s stock valued at $619,000 after acquiring an additional 199 shares in the last quarter. Independent Wealth Network Inc. grew its position in Principal Financial Group by 8.2% in the 3rd quarter. Independent Wealth Network Inc. now owns 2,254 shares of the company’s stock valued at $252,000 after acquiring an additional 171 shares in the last quarter. First Bank & Trust grew its position in Principal Financial Group by 16.8% in the 3rd quarter. First Bank & Trust now owns 8,426 shares of the company’s stock valued at $943,000 after acquiring an additional 1,210 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in Principal Financial Group by 1.3% during the third quarter. V Square Quantitative Management LLC now owns 21,194 shares of the company’s stock worth $2,373,000 after purchasing an additional 271 shares during the period. Institutional investors and hedge funds own 75.08% of the company’s stock.

Principal Financial Group Stock Down 1.4%

NASDAQ PFG traded down $1.54 during trading hours on Friday, hitting $108.57. 1,276,549 shares of the company were exchanged, compared to its average volume of 1,178,835. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.36. The firm has a market cap of $23.24 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.06 and a beta of 0.86. The company has a 50 day moving average of $112.27 and a two-hundred day moving average of $108.07. Principal Financial Group, Inc. has a 52-week low of $79.45 and a 52-week high of $121.18.

Principal Financial Group (NASDAQ:PFG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.33 by $0.17. The business had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Principal Financial Group had a return on equity of 16.49% and a net margin of 9.93%. During the same quarter last year, the business posted $2.16 EPS. Equities research analysts anticipate that Principal Financial Group, Inc. will post 9.44 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on PFG. Barclays reduced their price target on shares of Principal Financial Group from $92.00 to $86.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 7th. Bank of America lifted their price objective on shares of Principal Financial Group from $94.00 to $104.00 and gave the company an “underperform” rating in a report on Tuesday, July 28th. Raymond James Financial reaffirmed an “outperform” rating and set a $121.00 target price on shares of Principal Financial Group in a research note on Monday, August 17th. Morgan Stanley upped their target price on shares of Principal Financial Group from $107.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Finally, UBS Group increased their target price on shares of Principal Financial Group from $98.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, September 10th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $108.67.

Principal Financial Group Profile

Principal Financial Group, Inc is a global financial services company that helps individuals and businesses build, protect and manage wealth. Its offerings include retirement plans, individual retirement accounts, investment products, life and disability insurance, and financial wellness solutions. The company also provides institutional investment management and pension-risk transfer services.

Principal serves employers, institutions and individual investors through a range of retirement and workplace benefits solutions.