Curio Wealth LLC Purchases 378 Shares of Principal Financial Group, Inc. $PFG

Curio Wealth LLC grew its position in shares of Principal Financial Group, Inc. (NYSE:PFG) by 37,800.0% during the second quarter, Holdings Channel reports. The fund owned 379 shares of the company’s stock after purchasing an additional 378 shares during the period. Curio Wealth LLC’s holdings in Principal Financial Group were worth $30,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group purchased a new position in Principal Financial Group during the second quarter valued at $25,000. American National Bank & Trust bought a new stake in Principal Financial Group during the second quarter worth about $28,000. von Borstel & Associates Inc. purchased a new stake in Principal Financial Group in the first quarter worth about $32,000. Private Wealth Asset Management LLC increased its stake in shares of Principal Financial Group by 163.4% during the second quarter. Private Wealth Asset Management LLC now owns 403 shares of the company’s stock valued at $32,000 after purchasing an additional 250 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Principal Financial Group during the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Principal Financial Group Stock Performance

Shares of PFG stock opened at $79.62 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $80.91 and a 200-day moving average price of $78.70. Principal Financial Group, Inc. has a 52 week low of $68.39 and a 52 week high of $90.31. The firm has a market capitalization of $17.74 billion, a PE ratio of 11.92, a P/E/G ratio of 0.76 and a beta of 1.03.

Principal Financial Group (NYSE:PFG) last issued its earnings results on Monday, July 28th. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.19. 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 company earned $1.63 EPS. As a group, equities research analysts expect that Principal Financial Group, Inc. will post 8.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Evercore ISI raised their price objective on Principal Financial Group from $92.00 to $94.00 and gave the company an “in-line” rating in a research report on Thursday, October 9th. Barclays lifted their price target on Principal Financial Group from $80.00 to $83.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 8th. Morgan Stanley upgraded shares of Principal Financial Group from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $80.00 to $81.00 in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of Principal Financial Group from $92.00 to $101.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Principal Financial Group from $88.00 to $90.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $88.70.

Principal Financial Group 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 Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.