Denali Advisors LLC Sells 7,232 Shares of Principal Financial Group, Inc. $PFG

Denali Advisors LLC lessened its stake in shares of Principal Financial Group, Inc. (NYSE:PFG) by 50.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,221 shares of the company’s stock after selling 7,232 shares during the period. Denali Advisors LLC’s holdings in Principal Financial Group were worth $599,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Traub Capital Management LLC purchased a new stake in shares of Principal Financial Group in the second quarter worth $26,000. Capital A Wealth Management LLC grew its position in 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 valued at $27,000 after purchasing an additional 332 shares during the last quarter. Curio Wealth LLC increased its stake in Principal Financial Group by 37,800.0% during the 2nd quarter. Curio Wealth LLC now owns 379 shares of the company’s stock valued at $30,000 after purchasing an additional 378 shares in the last quarter. Financial Consulate Inc. purchased a new position in Principal Financial Group in the third quarter worth about $46,000. Finally, CYBER HORNET ETFs LLC purchased a new position in Principal Financial Group in the second quarter worth about $45,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Insiders Place Their Bets

In other Principal Financial Group news, CEO Deanna D. Strable-Soethout sold 9,300 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $95.12, for a total transaction of $884,616.00. Following the completion of the sale, the chief executive officer owned 144,168 shares of the company’s stock, valued at approximately $13,713,260.16. The trade was a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 24,965 shares of company stock worth $2,352,460 in the last quarter. 1.08% of the stock is currently owned by insiders.

Principal Financial Group Price Performance

Shares of NYSE:PFG opened at $90.39 on Tuesday. 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 stock has a market capitalization 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’s 50 day moving average price is $91.17 and its 200-day moving average price is $84.82. Principal Financial Group, Inc. has a twelve month low of $68.39 and a twelve month high of $97.88.

Principal Financial Group (NYSE:PFG) last announced its earnings results on Monday, February 9th. The company reported $2.19 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 quarter in the previous year, the firm earned $1.94 EPS. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. Equities research analysts expect that Principal Financial Group, Inc. will post 8.5 EPS for the current year.

Principal Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Wednesday, March 11th will be paid a $0.80 dividend. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.79. The ex-dividend date is Wednesday, March 11th. This represents a $3.20 annualized dividend and a dividend yield of 3.5%. Principal Financial Group’s dividend payout ratio (DPR) is currently 60.72%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $103.00 price target on shares of Principal Financial Group in a research report on Monday, January 5th. Morgan Stanley set a $93.00 target price on Principal Financial Group in a report on Monday, December 15th. UBS Group boosted their price target on Principal Financial Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Bank of America increased their price objective on Principal Financial Group from $95.00 to $96.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Finally, Piper Sandler boosted their target price on Principal Financial Group from $94.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 23rd. 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. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $93.22.

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.