Principal Financial Group, Inc. $PFG Shares Bought by EDENTREE ASSET MANAGEMENT Ltd

EDENTREE ASSET MANAGEMENT Ltd grew its position in shares of Principal Financial Group, Inc. (NYSE:PFG) by 13.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 168,600 shares of the company’s stock after purchasing an additional 20,000 shares during the period. Principal Financial Group makes up about 3.4% of EDENTREE ASSET MANAGEMENT Ltd’s investment portfolio, making the stock its 10th largest position. EDENTREE ASSET MANAGEMENT Ltd owned approximately 0.08% of Principal Financial Group worth $13,972,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Principal Financial Group during the 2nd quarter worth $227,098,000. Bank of America Corp DE lifted its stake in shares of Principal Financial Group by 9.6% in the second 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. Amundi boosted its holdings in Principal Financial Group by 57.6% in the second quarter. Amundi now owns 1,791,246 shares of the company’s stock valued at $144,213,000 after purchasing an additional 654,408 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Principal Financial Group by 1,048.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 697,735 shares of the company’s stock valued at $57,849,000 after purchasing an additional 637,001 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Principal Financial Group by 111.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 901,652 shares of the company’s stock valued at $71,618,000 after purchasing an additional 475,269 shares in the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PFG has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their target price on Principal Financial Group from $90.00 to $91.00 and gave the company a “market perform” rating in a research note on Thursday, October 30th. Piper Sandler upped their price target on shares of Principal Financial Group from $94.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, December 23rd. Morgan Stanley set a $93.00 price objective on shares of Principal Financial Group in a report on Monday, December 15th. Bank of America boosted 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. Finally, Barclays reaffirmed an “underweight” rating and set a $85.00 price target on shares of Principal Financial Group in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Principal Financial Group currently has a consensus rating of “Reduce” and an average price target of $93.22.

Insider Buying and Selling

In related news, CEO Deanna D. Strable-Soethout sold 9,300 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 144,168 shares in the company, valued at $13,713,260.16. This represents a 6.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 24,965 shares of company stock worth $2,352,460. 1.08% of the stock is owned by corporate insiders.

Principal Financial Group Trading Up 3.9%

Principal Financial Group stock opened at $95.76 on Friday. Principal Financial Group, Inc. has a 1 year low of $68.39 and a 1 year high of $97.88. The firm’s 50-day moving average is $91.42 and its 200-day moving average is $85.24. 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 $20.76 billion, a P/E ratio of 14.34, a PEG ratio of 0.76 and a beta of 0.89.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings data on Monday, February 9th. The company reported $2.19 earnings per share 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 prior year, the company posted $1.94 EPS. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. On average, equities analysts expect that Principal Financial Group, Inc. will post 8.5 earnings per share 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. Investors 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 represents a $3.20 dividend on an annualized basis and a yield of 3.3%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.79. Principal Financial Group’s payout ratio 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.