Atria Investments Inc Acquires Shares of 3,929 Principal Financial Group, Inc. (NYSE:PFG)

Atria Investments Inc bought a new position in shares of Principal Financial Group, Inc. (NYSE:PFG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,929 shares of the company’s stock, valued at approximately $304,000.

A number of other hedge funds also recently modified their holdings of PFG. KBC Group NV increased its holdings in Principal Financial Group by 1.8% in the 3rd quarter. KBC Group NV now owns 58,464 shares of the company’s stock valued at $5,022,000 after buying an additional 1,046 shares during the period. Metis Global Partners LLC boosted its position in shares of Principal Financial Group by 5.0% during the 3rd quarter. Metis Global Partners LLC now owns 11,230 shares of the company’s stock worth $965,000 after acquiring an additional 533 shares in the last quarter. CIBC Asset Management Inc increased its stake in Principal Financial Group by 5.8% in the third quarter. CIBC Asset Management Inc now owns 37,729 shares of the company’s stock valued at $3,241,000 after acquiring an additional 2,081 shares during the last quarter. Empirical Finance LLC raised its position in Principal Financial Group by 1.8% during the third quarter. Empirical Finance LLC now owns 7,875 shares of the company’s stock valued at $676,000 after purchasing an additional 142 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Principal Financial Group by 358.7% during the third quarter. Empowered Funds LLC now owns 16,328 shares of the company’s stock valued at $1,403,000 after purchasing an additional 12,768 shares in the last quarter. Institutional investors own 75.08% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PFG shares. Keefe, Bruyette & Woods raised their target price on Principal Financial Group from $90.00 to $92.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $91.00 target price on shares of Principal Financial Group in a research report on Thursday, January 16th. JPMorgan Chase & Co. raised Principal Financial Group from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $95.00 to $92.00 in a research note on Tuesday, January 7th. BMO Capital Markets started coverage on shares of Principal Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $93.00 price target on the stock. Finally, Barclays upped their price objective on shares of Principal Financial Group from $77.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, February 7th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $85.92.

Principal Financial Group Trading Up 1.3 %

PFG opened at $83.88 on Tuesday. The company’s 50 day moving average price is $83.18 and its two-hundred day moving average price is $83.41. The firm has a market capitalization of $18.92 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 0.76 and a beta of 1.17. Principal Financial Group, Inc. has a fifty-two week low of $72.21 and a fifty-two week 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.

Principal Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Wednesday, March 12th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.58%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.73. The ex-dividend date is Wednesday, March 12th. Principal Financial Group’s dividend payout ratio is presently 44.91%.

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.