Numerai GP LLC Has $312,000 Stock Position in Principal Financial Group, Inc. (NYSE:PFG)

Numerai GP LLC cut its stake in shares of Principal Financial Group, Inc. (NYSE:PFG) by 46.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,026 shares of the company’s stock after selling 3,553 shares during the period. Numerai GP LLC’s holdings in Principal Financial Group were worth $312,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PFG. Curio Wealth LLC acquired a new stake in shares of Principal Financial Group in the 4th quarter valued at approximately $29,000. BankPlus Trust Department bought a new stake in Principal Financial Group during the fourth quarter worth $33,000. Navigoe LLC acquired a new stake in Principal Financial Group in the fourth quarter valued at $37,000. Covestor Ltd grew its position in shares of 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 acquiring an additional 319 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in shares of Principal Financial Group in the 4th quarter valued at about $46,000. 75.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PFG. UBS Group dropped 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. Royal Bank of Canada restated a “sector perform” rating and issued a $91.00 price objective on shares of Principal Financial Group in a research note on Thursday, January 16th. Wells Fargo & Company lifted their target price on Principal Financial Group from $68.00 to $69.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 29th. Keefe, Bruyette & Woods increased their price target on Principal Financial Group from $86.00 to $87.00 and gave the company a “market perform” rating in a research note on Wednesday, May 7th. Finally, Piper Sandler raised their price target on Principal Financial Group from $93.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.54.

Principal Financial Group Stock Up 0.5%

NYSE PFG opened at $81.42 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.36. The company has a market cap of $18.25 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 0.76 and a beta of 1.01. The company has a 50 day moving average of $78.11 and a 200-day moving average of $81.13. Principal Financial Group, Inc. has a 1-year low of $68.39 and a 1-year high of $91.98.

Principal Financial Group (NYSE:PFG) last posted its quarterly earnings data on Monday, April 28th. The company reported $1.81 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 period in the prior year, the business posted $1.65 EPS. On average, equities research analysts expect that Principal Financial Group, Inc. will post 8.5 earnings per share for the current fiscal year.

Principal Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Monday, June 2nd. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.75. Principal Financial Group’s payout ratio is 65.10%.

Principal Financial Group 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.