Robeco Institutional Asset Management B.V. Purchases 17,651 Shares of Principal Financial Group, Inc. $PFG

Robeco Institutional Asset Management B.V. lifted its position in Principal Financial Group, Inc. (NASDAQ:PFG) by 33.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,591 shares of the company’s stock after acquiring an additional 17,651 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Principal Financial Group were worth $6,227,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PFG. Bank of America Corp DE grew its stake in shares of Principal Financial Group by 9.6% in the 2nd quarter. Bank of America Corp DE now owns 12,370,852 shares of the company’s stock worth $982,617,000 after acquiring an additional 1,083,991 shares in the last quarter. UBS Group AG grew its stake in shares of Principal Financial Group by 62.3% in the 3rd quarter. UBS Group AG now owns 2,023,880 shares of the company’s stock worth $167,800,000 after acquiring an additional 776,997 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Principal Financial Group by 1,048.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 697,735 shares of the company’s stock worth $57,849,000 after acquiring an additional 637,001 shares in the last quarter. Invesco Ltd. grew its stake in shares of Principal Financial Group by 23.2% in the 3rd quarter. Invesco Ltd. now owns 3,376,797 shares of the company’s stock worth $279,970,000 after acquiring an additional 636,334 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Principal Financial Group by 84.9% in the 3rd quarter. AQR Capital Management LLC now owns 1,103,565 shares of the company’s stock worth $90,856,000 after acquiring an additional 506,841 shares in the last quarter. Institutional investors own 75.08% of the company’s stock.

Principal Financial Group Price Performance

Principal Financial Group stock opened at $94.68 on Thursday. Principal Financial Group, Inc. has a 12 month low of $69.80 and a 12 month high of $97.88. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33. The business’s 50 day simple moving average is $91.31 and its 200 day simple moving average is $88.09. The company has a market cap of $20.51 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 0.87 and a beta of 0.87.

Principal Financial Group (NASDAQ:PFG) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $2.20 EPS for the quarter. Principal Financial Group had a return on equity of 16.09% and a net margin of 7.58%.The business had revenue of $4.58 billion for the quarter.

Principal Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Wednesday, March 11th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Wednesday, March 11th. Principal Financial Group’s dividend payout ratio (DPR) is currently 60.72%.

Analysts Set New Price Targets

PFG has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of Principal Financial Group from $91.00 to $87.00 and set an “equal weight” rating for the company in a research note on Friday, April 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $92.00 price target on shares of Principal Financial Group in a research report on Thursday, March 26th. Weiss Ratings upgraded shares of Principal Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Barclays decreased their price objective on shares of Principal Financial Group from $85.00 to $84.00 and set an “underweight” rating for the company in a report on Wednesday, April 8th. Finally, 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 report on Tuesday, December 23rd. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Principal Financial Group presently has an average rating of “Hold” and an average price target of $93.44.

Insiders Place Their Bets

In other Principal Financial Group news, CEO Deanna D. Strable-Soethout sold 9,300 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $95.12, for a total transaction of $884,616.00. Following the completion of the transaction, the chief executive officer owned 144,168 shares in the company, valued at $13,713,260.16. This trade represents a 6.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 24,665 shares of company stock worth $2,324,710 in the last three months. 1.08% of the stock is owned by company insiders.

Principal Financial Group Company Profile

Principal Financial Group (NASDAQ: PFG) is a global financial services company headquartered in Des Moines, Iowa, that provides a range of retirement, investment and insurance solutions to individuals, employers and institutional clients. The firm’s business is organized around retirement services, asset management, and insurance products designed to help clients plan, invest for, and protect income over the long term.

Principal’s product and service offerings include retirement plan recordkeeping and administration for employer-sponsored plans, individual and group retirement annuities, life and disability insurance, employee benefits solutions, and wealth management services.