Principal Financial Group, Inc. $PFG Shares Sold by Citigroup Inc.

Citigroup Inc. cut its position in shares of Principal Financial Group, Inc. (NYSE:PFG) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 203,574 shares of the company’s stock after selling 12,567 shares during the quarter. Citigroup Inc. owned 0.09% of Principal Financial Group worth $16,878,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of PFG. Capital Management Corp VA boosted its holdings in shares of Principal Financial Group by 19.2% in the third quarter. Capital Management Corp VA now owns 172,736 shares of the company’s stock worth $14,322,000 after buying an additional 27,857 shares during the period. Nordea Investment Management AB lifted its position in shares of Principal Financial Group by 160.3% in the 3rd quarter. Nordea Investment Management AB now owns 48,902 shares of the company’s stock valued at $3,978,000 after acquiring an additional 30,118 shares in the last quarter. Mediolanum International Funds Ltd boosted its stake in Principal Financial Group by 41.5% in the 3rd quarter. Mediolanum International Funds Ltd now owns 127,368 shares of the company’s stock worth $10,504,000 after purchasing an additional 37,357 shares during the period. Rakuten Investment Management Inc. purchased a new position in Principal Financial Group during the 3rd quarter worth approximately $18,526,000. Finally, Capital Fund Management S.A. acquired a new stake in Principal Financial Group during the 2nd quarter valued at $1,486,000. Institutional investors own 75.08% of the company’s stock.

Analyst Upgrades and Downgrades

PFG has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded Principal Financial Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $85.00 to $91.00 in a report on Wednesday. UBS Group lifted their target price on Principal Financial Group from $88.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Barclays reissued an “underweight” rating and issued a $85.00 price target on shares of Principal Financial Group in a research report on Thursday, January 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $103.00 price objective on shares of Principal Financial Group in a research note on Monday, January 5th. Finally, Bank of America increased their target price on shares of Principal Financial Group from $95.00 to $96.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Principal Financial Group has a consensus rating of “Hold” and a consensus target price of $93.89.

Principal Financial Group Trading Down 2.1%

NYSE:PFG opened at $95.42 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.30 and a current ratio of 0.29. The company has a market capitalization 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. The stock’s 50 day moving average price is $91.96 and its 200 day moving average price is $85.82. Principal Financial Group, Inc. has a 52 week low of $68.39 and a 52 week 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 return on equity of 14.68% and a net margin of 9.74%.During the same quarter last year, the business posted $1.94 EPS. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. On average, research analysts forecast that Principal Financial Group, Inc. will post 8.5 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

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

Insider Buying and Selling at Principal Financial Group

In other news, CEO Deanna D. Strable-Soethout sold 7,340 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $95.00, for a total transaction of $697,300.00. Following the completion of the sale, the chief executive officer owned 136,828 shares in the company, valued at approximately $12,998,660. This represents a 5.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 24,965 shares of company stock valued at $2,352,460 over the last ninety days. 1.08% of the stock is owned by 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.