MQS Management LLC Makes New $657,000 Investment in Principal Financial Group, Inc. $PFG

MQS Management LLC purchased a new stake in shares of Principal Financial Group, Inc. (NYSE:PFG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,271 shares of the company’s stock, valued at approximately $657,000.

Several other institutional investors have also recently made changes to their positions in PFG. Oliver Lagore Vanvalin Investment Group bought a new position in Principal Financial Group in the second quarter worth approximately $25,000. American National Bank & Trust purchased a new stake in shares of Principal Financial Group in the 2nd quarter worth $28,000. Curio Wealth LLC raised its holdings in Principal Financial Group by 37,800.0% in the 2nd quarter. Curio Wealth LLC now owns 379 shares of the company’s stock worth $30,000 after purchasing an additional 378 shares during the period. von Borstel & Associates Inc. purchased a new position in Principal Financial Group during the first quarter valued at $32,000. Finally, Private Wealth Asset Management LLC grew its holdings in Principal Financial Group by 163.4% during the second quarter. Private Wealth Asset Management LLC now owns 403 shares of the company’s stock valued at $32,000 after purchasing an additional 250 shares during the period. Institutional investors own 75.08% of the company’s stock.

Principal Financial Group Stock Performance

Shares of NYSE PFG opened at $79.62 on Friday. 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 $17.74 billion, a P/E ratio of 11.92, a P/E/G ratio of 0.76 and a beta of 1.03. The firm’s fifty day moving average is $80.91 and its two-hundred day moving average is $78.70. Principal Financial Group, Inc. has a 52-week low of $68.39 and a 52-week high of $90.31.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings results on Monday, July 28th. The company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.19. Principal Financial Group had a net margin of 9.74% and a return on equity of 14.68%. During the same period in the prior year, the company posted $1.63 EPS. As a group, analysts anticipate that Principal Financial Group, Inc. will post 8.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PFG has been the topic of a number of analyst reports. UBS Group lifted their price objective on Principal Financial Group from $85.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Keefe, Bruyette & Woods lifted their price target on shares of Principal Financial Group from $88.00 to $90.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Piper Sandler set a $94.00 price target on shares of Principal Financial Group and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Wells Fargo & Company lifted their target price on shares of Principal Financial Group from $72.00 to $73.00 and gave the company an “underweight” rating in a research note on Wednesday, October 8th. Finally, Evercore ISI upped their target price on shares of Principal Financial Group from $92.00 to $94.00 and gave the stock an “in-line” rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Principal Financial Group has an average rating of “Hold” and a consensus target price of $88.70.

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.