Curio Wealth LLC Buys 378 Shares of Principal Financial Group, Inc. $PFG

Curio Wealth LLC grew its stake in shares of Principal Financial Group, Inc. (NYSE:PFG) by 37,800.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 379 shares of the company’s stock after buying an additional 378 shares during the period. Curio Wealth LLC’s holdings in Principal Financial Group were worth $30,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in Principal Financial Group by 802.2% in the 1st quarter. Victory Capital Management Inc. now owns 3,707,534 shares of the company’s stock valued at $312,805,000 after purchasing an additional 3,296,608 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Principal Financial Group by 114.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,613,143 shares of the company’s stock valued at $220,471,000 after acquiring an additional 1,393,008 shares in the last quarter. Nuveen LLC bought a new stake in shares of Principal Financial Group during the 1st quarter valued at about $47,986,000. AQR Capital Management LLC increased its position in shares of Principal Financial Group by 443.6% in the first quarter. AQR Capital Management LLC now owns 645,431 shares of the company’s stock worth $53,597,000 after purchasing an additional 526,701 shares during the last quarter. Finally, Conning Inc. raised its stake in Principal Financial Group by 5,081.7% in the first quarter. Conning Inc. now owns 404,953 shares of the company’s stock valued at $34,166,000 after purchasing an additional 397,138 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PFG has been the topic of several research reports. Evercore ISI raised their price objective on shares of Principal Financial Group from $92.00 to $94.00 and gave the company an “in-line” rating in a research report on Thursday, October 9th. UBS Group increased their price target on shares of Principal Financial Group from $85.00 to $87.00 and gave the company a “neutral” rating in a research report on Tuesday, July 29th. Morgan Stanley upgraded shares of Principal Financial Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $80.00 to $81.00 in a report on Thursday. Piper Sandler set a $94.00 target price on shares of Principal Financial Group and gave the company an “overweight” rating in a report on Tuesday, October 7th. Finally, Wells Fargo & Company boosted their price target on shares of Principal Financial Group from $72.00 to $73.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $88.70.

Principal Financial Group Stock Performance

Shares of NYSE:PFG opened at $79.62 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 50-day moving average price of $80.91 and a 200-day moving average price of $78.70. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 0.76 and a beta of 1.03. Principal Financial Group, Inc. has a 12 month low of $68.39 and a 12 month 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 return on equity of 14.68% and a net margin of 9.74%.During the same quarter in the prior year, the firm posted $1.63 EPS. As a group, equities analysts anticipate that Principal Financial Group, Inc. will post 8.5 EPS for the current year.

About Principal Financial Group

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.