Illinois Municipal Retirement Fund Has $8.98 Million Holdings in Principal Financial Group, Inc. $PFG

Illinois Municipal Retirement Fund increased its position in shares of Principal Financial Group, Inc. (NYSE:PFG) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,275 shares of the company’s stock after purchasing an additional 8,497 shares during the period. Illinois Municipal Retirement Fund’s holdings in Principal Financial Group were worth $8,977,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Traub Capital Management LLC acquired a new stake in Principal Financial Group during the second quarter worth $26,000. Capital A Wealth Management LLC lifted its holdings in shares of Principal Financial Group by 5,533.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 338 shares of the company’s stock worth $27,000 after acquiring an additional 332 shares during the period. Curio Wealth LLC lifted its holdings in shares of Principal Financial Group by 37,800.0% during the 2nd quarter. Curio Wealth LLC now owns 379 shares of the company’s stock worth $30,000 after acquiring an additional 378 shares during the period. Private Wealth Asset Management LLC boosted its position in shares of Principal Financial Group by 163.4% during the 2nd quarter. Private Wealth Asset Management LLC now owns 403 shares of the company’s stock valued at $32,000 after acquiring an additional 250 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in Principal Financial Group in the second quarter valued at about $45,000. 75.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on PFG. Morgan Stanley set a $93.00 price objective on Principal Financial Group in a report on Monday, December 15th. JPMorgan Chase & Co. restated a “neutral” rating and set a $103.00 target price on shares of Principal Financial Group in a research report on Monday, January 5th. UBS Group boosted their price target 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. Keefe, Bruyette & Woods upped their price target on Principal Financial Group from $90.00 to $91.00 and gave the company a “market perform” rating in a research report on Thursday, October 30th. Finally, Bank of America increased their price objective on Principal Financial Group from $95.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Principal Financial Group has an average rating of “Reduce” and a consensus price target of $93.22.

Insider Activity at Principal Financial Group

In related news, CEO Deanna D. Strable-Soethout sold 7,340 shares of the firm’s stock in a transaction that occurred on 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 owned 136,828 shares of the company’s stock, valued at $12,998,660. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 24,965 shares of company stock worth $2,352,460 over the last quarter. 1.08% of the stock is owned by corporate insiders.

Principal Financial Group Price Performance

Principal Financial Group stock opened at $90.39 on Friday. The business’s fifty day moving average is $91.10 and its two-hundred day moving average is $84.64. 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 firm has a market cap of $20.14 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.76 and a beta of 0.89. 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 released 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 prior year, the firm earned $1.94 earnings per share. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. Equities research analysts forecast that Principal Financial Group, Inc. will post 8.5 earnings per share 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. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.80 per share. The ex-dividend date is Wednesday, March 11th. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.5%. Principal Financial Group’s dividend payout ratio (DPR) is currently 60.72%.

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.