Principal Financial Group, Inc. $PFG Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL decreased its position in Principal Financial Group, Inc. (NASDAQ:PFG) by 97.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,583 shares of the company’s stock after selling 190,206 shares during the period. Tudor Investment Corp ET AL’s holdings in Principal Financial Group were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Capital A Wealth Management LLC raised its holdings in shares of Principal Financial Group by 5,533.3% during the second quarter. Capital A Wealth Management LLC now owns 338 shares of the company’s stock valued at $27,000 after buying an additional 332 shares during the last quarter. FWL Investment Management LLC bought a new position in Principal Financial Group in the 3rd quarter worth approximately $32,000. CYBER HORNET ETFs LLC acquired a new stake in Principal Financial Group in the 2nd quarter valued at approximately $45,000. Financial Consulate Inc. acquired a new stake in Principal Financial Group in the 3rd quarter valued at approximately $46,000. Finally, MUFG Securities EMEA plc bought a new stake in Principal Financial Group during the 2nd quarter valued at $49,000. Institutional investors and hedge funds own 75.08% of the company’s stock.

Principal Financial Group Price Performance

Shares of NASDAQ PFG opened at $90.08 on Thursday. Principal Financial Group, Inc. has a twelve month low of $68.39 and a twelve month high of $97.88. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average of $91.65 and a two-hundred day moving average of $87.36. The company has a market capitalization of $19.53 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 0.83 and a beta of 0.87.

Principal Financial Group (NASDAQ:PFG) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $2.20 earnings per share (EPS) for the quarter. Principal Financial Group had a net margin of 7.58% and a return on equity of 16.09%. The company had revenue of $4.58 billion for the quarter.

Principal Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Wednesday, March 11th were given a $0.80 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $3.20 annualized dividend and a yield of 3.6%. Principal Financial Group’s payout ratio is 60.72%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PFG. Morgan Stanley increased their price target on Principal Financial Group from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $92.00 price objective on shares of Principal Financial Group in a research note on Thursday, March 26th. Piper Sandler increased their target price on shares of Principal Financial Group from $94.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, December 23rd. Bank of America raised their target price on shares of Principal Financial Group from $95.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, Wells Fargo & Company upgraded shares of Principal Financial Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $85.00 to $91.00 in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Principal Financial Group has a consensus rating of “Hold” and an average price target of $94.22.

Insider Transactions at Principal Financial Group

In other Principal Financial Group 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 value of $884,616.00. Following the transaction, the chief executive officer owned 144,168 shares of the company’s stock, valued at approximately $13,713,260.16. This represents a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 24,965 shares of company stock valued at $2,352,460 in the last quarter. Insiders own 1.08% of the company’s stock.

Principal Financial Group Company Profile

Principal Financial Group (NASDAQ: PFG) is a global financial services company headquartered in Des Moines, Iowa, that provides a range of retirement, investment and insurance solutions to individuals, employers and institutional clients. The firm’s business is organized around retirement services, asset management, and insurance products designed to help clients plan, invest for, and protect income over the long term.

Principal’s product and service offerings include retirement plan recordkeeping and administration for employer-sponsored plans, individual and group retirement annuities, life and disability insurance, employee benefits solutions, and wealth management services.