United Capital Financial Advisors LLC Sells 290 Shares of Principal Financial Group, Inc. (NYSE:PFG)

United Capital Financial Advisors LLC trimmed its holdings in shares of Principal Financial Group, Inc. (NYSE:PFG) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,670 shares of the company’s stock after selling 290 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Principal Financial Group were worth $439,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Norges Bank bought a new stake in Principal Financial Group during the 4th quarter valued at about $217,021,000. Amundi boosted its holdings in shares of Principal Financial Group by 24.1% in the fourth quarter. Amundi now owns 1,359,779 shares of the company’s stock valued at $106,511,000 after purchasing an additional 264,383 shares during the period. KBC Group NV boosted its holdings in shares of Principal Financial Group by 398.4% in the fourth quarter. KBC Group NV now owns 291,379 shares of the company’s stock valued at $22,555,000 after purchasing an additional 232,915 shares during the period. Raymond James Financial Inc. bought a new position in Principal Financial Group in the fourth quarter worth approximately $15,821,000. Finally, Quantbot Technologies LP increased its holdings in Principal Financial Group by 2,064.3% during the 4th quarter. Quantbot Technologies LP now owns 148,299 shares of the company’s stock worth $11,480,000 after purchasing an additional 141,447 shares during the period. 75.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PFG. Wells Fargo & Company dropped their price target on Principal Financial Group from $74.00 to $68.00 and set an “underweight” rating on the stock in a research report on Thursday, April 10th. UBS Group boosted their price target on shares of Principal Financial Group from $87.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Principal Financial Group from $90.00 to $92.00 and gave the company a “market perform” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $95.00 to $92.00 in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $91.00 target price on shares of Principal Financial Group in a research report on Thursday, January 16th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $84.69.

Principal Financial Group Price Performance

Shares of NYSE PFG opened at $72.14 on Monday. Principal Financial Group, Inc. has a fifty-two week low of $68.39 and a fifty-two week high of $91.98. The company has a market cap of $16.23 billion, a PE ratio of 10.80, a P/E/G ratio of 0.76 and a beta of 1.01. 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 business has a 50-day simple moving average of $81.78 and a two-hundred day simple moving average of $82.61.

Principal Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 4.16%. The ex-dividend date was Wednesday, March 12th. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.73. Principal Financial Group’s payout ratio is currently 44.91%.

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.