Unison Advisors LLC Boosts Stake in Principal Financial Group, Inc. (NYSE:PFG)

Unison Advisors LLC grew its position in shares of Principal Financial Group, Inc. (NYSE:PFGFree Report) by 1.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 57,341 shares of the company’s stock after acquiring an additional 705 shares during the period. Principal Financial Group comprises about 0.5% of Unison Advisors LLC’s holdings, making the stock its 22nd largest holding. Unison Advisors LLC’s holdings in Principal Financial Group were worth $4,949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management grew its holdings in shares of Principal Financial Group by 152.0% during the 4th quarter. Spire Wealth Management now owns 373 shares of the company’s stock worth $29,000 after acquiring an additional 225 shares during the period. EdgeRock Capital LLC bought a new stake in shares of Principal Financial Group in the 4th quarter worth approximately $31,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Principal Financial Group in the 4th quarter worth approximately $33,000. Fortis Group Advisors LLC bought a new stake in shares of Principal Financial Group in the 3rd quarter worth approximately $33,000. Finally, PrairieView Partners LLC bought a new stake in shares of Principal Financial Group in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Wall Street Analyst Weigh In

PFG has been the topic of a number of analyst reports. Evercore ISI boosted their price target on Principal Financial Group from $84.00 to $86.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods boosted their price target on Principal Financial Group from $85.00 to $89.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Piper Sandler boosted their price target on Principal Financial Group from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Wells Fargo & Company lowered their price objective on Principal Financial Group from $91.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, April 29th. Finally, Morgan Stanley upped their price objective on Principal Financial Group from $81.00 to $82.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $80.30.

Check Out Our Latest Research Report on PFG

Principal Financial Group Stock Performance

Shares of NYSE PFG traded down $0.33 during midday trading on Tuesday, hitting $80.50. 28,242 shares of the stock traded hands, compared to its average volume of 1,073,266. The firm has a 50-day moving average of $80.90 and a two-hundred day moving average of $80.49. The firm has a market capitalization of $18.87 billion, a P/E ratio of 11.89, a PEG ratio of 0.86 and a beta of 1.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.29 and a current ratio of 0.29. Principal Financial Group, Inc. has a one year low of $66.21 and a one year high of $86.79.

Principal Financial Group (NYSE:PFGGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.09). The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.68 billion. Principal Financial Group had a net margin of 8.70% and a return on equity of 15.06%. During the same period in the previous year, the company earned $1.48 earnings per share. On average, equities analysts forecast that Principal Financial Group, Inc. will post 7.5 EPS for the current fiscal year.

Principal Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 3.53%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.69. The ex-dividend date is Monday, June 3rd. Principal Financial Group’s dividend payout ratio is presently 54.20%.

About Principal Financial Group

(Free Report)

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.

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

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