Empirical Finance LLC Buys 1,130 Shares of Principal Financial Group, Inc. (NASDAQ:PFG)

Empirical Finance LLC increased its holdings in shares of Principal Financial Group, Inc. (NASDAQ:PFGGet Rating) by 35.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,358 shares of the company’s stock after acquiring an additional 1,130 shares during the quarter. Empirical Finance LLC’s holdings in Principal Financial Group were worth $315,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Hudock Inc. raised its position in shares of Principal Financial Group by 201.4% in the third quarter. Hudock Inc. now owns 446 shares of the company’s stock valued at $28,000 after buying an additional 298 shares in the last quarter. Bell Investment Advisors Inc acquired a new stake in shares of Principal Financial Group in the third quarter valued at approximately $29,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Principal Financial Group by 129.8% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 501 shares of the company’s stock valued at $32,000 after buying an additional 283 shares in the last quarter. Clearview Wealth Advisors LLC acquired a new stake in shares of Principal Financial Group in the fourth quarter valued at approximately $37,000. Finally, First Horizon Advisors Inc. raised its position in shares of Principal Financial Group by 45.4% in the third quarter. First Horizon Advisors Inc. now owns 615 shares of the company’s stock valued at $40,000 after buying an additional 192 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

PFG has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their price objective on shares of Principal Financial Group from $82.00 to $79.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Principal Financial Group from $71.00 to $72.00 in a research note on Tuesday, January 4th. Morgan Stanley decreased their price objective on shares of Principal Financial Group from $75.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 3rd. Jefferies Financial Group initiated coverage on shares of Principal Financial Group in a research note on Tuesday, January 25th. They issued an “underperform” rating and a $62.00 price objective on the stock. Finally, Piper Sandler lifted their price objective on shares of Principal Financial Group from $76.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, April 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $74.27.

PFG stock opened at $73.95 on Monday. The firm has a market cap of $18.65 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.39 and a beta of 1.52. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.27. Principal Financial Group, Inc. has a 12-month low of $58.66 and a 12-month high of $80.36. The company’s fifty day simple moving average is $71.65 and its 200 day simple moving average is $71.34.

Principal Financial Group (NASDAQ:PFGGet Rating) last released its earnings results on Monday, February 7th. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.22. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $3.80 billion. Principal Financial Group had a net margin of 11.99% and a return on equity of 11.55%. During the same quarter in the previous year, the business earned $1.48 earnings per share. Research analysts expect that Principal Financial Group, Inc. will post 6.56 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Thursday, March 10th were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 3.46%. Principal Financial Group’s dividend payout ratio is currently 40.83%.

Principal Financial Group Profile (Get Rating)

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 Global Investors, Principal International, and U.S. Insurance Solutions segments.

See Also

Institutional Ownership by Quarter for Principal Financial Group (NASDAQ:PFG)

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