Mn Services Vermogensbeheer B.V. Has $7.28 Million Stock Holdings in Principal Financial Group, Inc. (NYSE:PFG)

Mn Services Vermogensbeheer B.V. lowered its position in shares of Principal Financial Group, Inc. (NYSE:PFG - Free Report) by 7.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,280 shares of the company's stock after selling 6,700 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Principal Financial Group were worth $7,279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Principal Financial Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,466,587 shares of the company's stock valued at $422,074,000 after buying an additional 52,410 shares in the last quarter. Northern Trust Corp raised its holdings in Principal Financial Group by 9.8% in the 4th quarter. Northern Trust Corp now owns 3,662,918 shares of the company's stock valued at $283,546,000 after acquiring an additional 326,604 shares in the last quarter. Norges Bank acquired a new position in Principal Financial Group in the 4th quarter valued at $217,021,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Principal Financial Group by 12.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,877,246 shares of the company's stock valued at $145,318,000 after acquiring an additional 209,885 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Principal Financial Group by 73.5% in the fourth quarter. Deutsche Bank AG now owns 1,482,053 shares of the company's stock valued at $114,726,000 after purchasing an additional 627,865 shares in the last quarter. Institutional investors and hedge funds own 75.08% of the company's stock.

Principal Financial Group Price Performance

PFG stock traded up $0.17 during trading on Wednesday, reaching $75.97. 939,594 shares of the company were exchanged, compared to its average volume of 1,332,381. The company has a 50-day moving average of $76.44 and a two-hundred day moving average of $79.85. Principal Financial Group, Inc. has a twelve month low of $68.39 and a twelve month high of $91.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.29 and a quick ratio of 0.30. The company has a market capitalization of $17.03 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 0.76 and a beta of 1.00.

Principal Financial Group (NYSE:PFG - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($0.02). Principal Financial Group had a net margin of 9.74% and a return on equity of 14.68%. During the same period last year, the company posted $1.65 earnings per share. As a group, equities analysts predict that Principal Financial Group, Inc. will post 8.5 earnings per share 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 is a boost from Principal Financial Group's previous quarterly dividend of $0.75. This represents a $3.04 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Monday, June 2nd. Principal Financial Group's dividend payout ratio is 65.10%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PFG shares. Piper Sandler boosted their price target on Principal Financial Group from $93.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their target price on shares of Principal Financial Group from $86.00 to $87.00 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company boosted their target price on shares of Principal Financial Group from $68.00 to $69.00 and gave the company an "underweight" rating in a research report on Tuesday, April 29th. Barclays lowered their price objective on shares of Principal Financial Group from $80.00 to $76.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. Finally, Morgan Stanley boosted their price objective on shares of Principal Financial Group from $67.00 to $71.00 and gave the company an "underweight" rating in a research report on Monday, May 19th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $83.85.

Principal Financial Group Company Profile

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.