9,276 Shares in Principal Financial Group, Inc. $PFG Bought by Caprock Group LLC

Caprock Group LLC bought a new stake in Principal Financial Group, Inc. (NYSE:PFG) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,276 shares of the company’s stock, valued at approximately $747,000.

Other institutional investors have also modified their holdings of the company. Traub Capital Management LLC bought a new position in Principal Financial Group in the 2nd quarter worth about $26,000. Capital A Wealth Management LLC grew its holdings in Principal Financial Group by 5,533.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 338 shares of the company’s stock worth $27,000 after buying an additional 332 shares in the last quarter. Curio Wealth LLC increased its position in Principal Financial Group by 37,800.0% in the 2nd quarter. Curio Wealth LLC now owns 379 shares of the company’s stock valued at $30,000 after acquiring an additional 378 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Principal Financial Group during the 2nd quarter valued at $45,000. Finally, Financial Consulate Inc. bought a new stake in Principal Financial Group during the 3rd quarter valued at $46,000. Institutional investors own 75.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group raised their price target on Principal Financial Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Barclays restated an “underweight” rating and set a $85.00 price target on shares of Principal Financial Group in a research report on Thursday, January 8th. Bank of America increased their price objective on shares of Principal Financial Group from $95.00 to $96.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $103.00 target price on shares of Principal Financial Group in a report on Monday, January 5th. Finally, Wells Fargo & Company increased their price target on Principal Financial Group from $74.00 to $85.00 and gave the company an “underweight” rating in a research note on Tuesday, January 13th. One equities research 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. According to data from MarketBeat, Principal Financial Group currently has an average rating of “Reduce” and an average target price of $93.22.

Insider Buying and Selling at Principal Financial Group

In other news, CEO Deanna D. Strable-Soethout sold 9,300 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $95.12, for a total value of $884,616.00. Following the completion of the sale, the chief executive officer directly owned 144,168 shares of the company’s stock, valued at $13,713,260.16. This represents a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 24,965 shares of company stock valued at $2,352,460. 1.08% of the stock is owned by corporate insiders.

Principal Financial Group Stock Down 0.1%

Shares of NYSE:PFG opened at $90.39 on Tuesday. Principal Financial Group, Inc. has a 52 week low of $68.39 and a 52 week high of $97.88. 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 cap of $20.14 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.76 and a beta of 0.89. The firm has a 50 day simple moving average of $91.17 and a 200 day simple moving average of $84.82.

Principal Financial Group (NYSE:PFG) last released its 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 previous year, the business posted $1.94 earnings per share. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. As a group, research analysts expect that Principal Financial Group, Inc. will post 8.5 earnings per share for the current year.

Principal Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.80 per share. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.20 annualized dividend and a yield of 3.5%. Principal Financial Group’s dividend payout ratio (DPR) is presently 60.72%.

About Principal Financial Group

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.