Principal Financial Group, Inc. (NYSE:PFG) Shares Bought by Crestline Management LP

Crestline Management LP lifted its holdings in shares of Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 21.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,588 shares of the company's stock after buying an additional 3,453 shares during the quarter. Crestline Management LP's holdings in Principal Financial Group were worth $1,516,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Curio Wealth LLC acquired a new position in Principal Financial Group in the 4th quarter valued at $29,000. BankPlus Trust Department acquired a new position in Principal Financial Group in the 4th quarter valued at $33,000. Navigoe LLC acquired a new position in Principal Financial Group in the 4th quarter valued at $37,000. Covestor Ltd raised its stake in Principal Financial Group by 144.3% in the 4th quarter. Covestor Ltd now owns 540 shares of the company's stock valued at $42,000 after purchasing an additional 319 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC raised its stake in Principal Financial Group by 53.6% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 559 shares of the company's stock valued at $43,000 after purchasing an additional 195 shares during the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

Principal Financial Group Trading Down 0.8%

Shares of NYSE PFG traded down $0.65 during trading on Wednesday, reaching $81.05. The stock had a trading volume of 288,049 shares, compared to its average volume of 1,570,222. 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 $18.17 billion, a P/E ratio of 12.13, a PEG ratio of 0.76 and a beta of 1.01. Principal Financial Group, Inc. has a fifty-two week low of $68.39 and a fifty-two week high of $91.97. The business's 50-day moving average price is $78.24 and its 200-day moving average price is $81.15.

Principal Financial Group (NYSE:PFG - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $1.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.83 by ($0.02). Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%. During the same quarter in the previous year, the business earned $1.65 EPS. On average, equities research analysts predict that Principal Financial Group, Inc. will post 8.5 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost from Principal Financial Group's previous quarterly dividend of $0.75. Principal Financial Group's dividend payout ratio (DPR) is currently 65.10%.

Analysts Set New Price Targets

Several research analysts recently commented on PFG shares. Wells Fargo & Company increased their price objective on Principal Financial Group from $68.00 to $69.00 and gave the company an "underweight" rating in a research note on Tuesday, April 29th. Keefe, Bruyette & Woods upped their target price on Principal Financial Group from $86.00 to $87.00 and gave the company a "market perform" rating in a report on Wednesday, May 7th. UBS Group decreased their target price on shares of Principal Financial Group from $93.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Piper Sandler raised their price target on shares of Principal Financial Group from $93.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Finally, Morgan Stanley upped their price objective on Principal Financial Group from $65.00 to $67.00 and gave the company an "underweight" rating in a report on Tuesday, May 6th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $83.54.

About Principal Financial Group

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.