Illinois Municipal Retirement Fund Has $8.98 Million Stock Position in Principal Financial Group, Inc. $PFG

Illinois Municipal Retirement Fund raised its holdings in shares of Principal Financial Group, Inc. (NYSE:PFG) by 8.5% during the third quarter, HoldingsChannel.com reports. The firm owned 108,275 shares of the company’s stock after acquiring an additional 8,497 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Principal Financial Group were worth $8,977,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PFG. Traub Capital Management LLC bought a new stake in shares of Principal Financial Group during the second quarter worth approximately $26,000. Capital A Wealth Management LLC boosted its stake in Principal Financial Group by 5,533.3% in the second quarter. Capital A Wealth Management LLC now owns 338 shares of the company’s stock valued at $27,000 after acquiring an additional 332 shares during the last quarter. Curio Wealth LLC grew its holdings in Principal Financial Group by 37,800.0% during the 2nd quarter. Curio Wealth LLC now owns 379 shares of the company’s stock worth $30,000 after acquiring an additional 378 shares during the period. Private Wealth Asset Management LLC raised its position in shares of Principal Financial Group by 163.4% during the 2nd quarter. Private Wealth Asset Management LLC now owns 403 shares of the company’s stock valued at $32,000 after acquiring an additional 250 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new position in shares of Principal Financial Group in the 3rd quarter valued at $46,000. Institutional investors own 75.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PFG. Bank of America raised their price target on Principal Financial Group from $95.00 to $96.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wells Fargo & Company raised their target price on Principal Financial Group from $74.00 to $85.00 and gave the stock an “underweight” rating in a report on Tuesday, January 13th. UBS Group boosted their target price on Principal Financial Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $103.00 price target on shares of Principal Financial Group in a research note on Monday, January 5th. Finally, Piper Sandler lifted their price objective on shares of Principal Financial Group from $94.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 23rd. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Principal Financial Group currently has a consensus rating of “Reduce” and a consensus target price of $93.22.

Insider Buying and Selling

In related news, CEO Deanna D. Strable-Soethout sold 7,340 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $95.00, for a total value of $697,300.00. Following the completion of the transaction, the chief executive officer directly owned 136,828 shares of the company’s stock, valued at approximately $12,998,660. This represents a 5.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 24,965 shares of company stock valued at $2,352,460. Insiders own 1.08% of the company’s stock.

Principal Financial Group Trading Down 0.1%

NYSE:PFG opened at $90.39 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.29 and a quick ratio of 0.30. The business’s 50-day simple moving average is $91.10 and its 200-day simple moving average is $84.64. Principal Financial Group, Inc. has a fifty-two week low of $68.39 and a fifty-two week high of $97.88. The stock has a market capitalization of $20.14 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.76 and a beta of 0.89.

Principal Financial Group (NYSE:PFG) last announced its earnings results on Monday, February 9th. The company reported $2.19 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.03). Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%.During the same quarter last year, the company earned $1.94 EPS. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. Sell-side analysts expect that Principal Financial Group, Inc. will post 8.5 earnings per share for the current fiscal year.

Principal Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, March 11th will be issued a dividend of $0.80 per share. The ex-dividend date is Wednesday, March 11th. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.5%. Principal Financial Group’s dividend payout ratio (DPR) is 60.72%.

Principal Financial Group Profile

Principal Financial Group, commonly known as Principal, is a global financial services company headquartered in Des Moines, Iowa. The firm provides a broad range of retirement, investment management and insurance solutions for individual, employer and institutional clients. Its core businesses include retirement plan services and recordkeeping, asset management, and life and disability insurance, supported by distribution through employers, financial advisors and direct channels.

On the retirement side, Principal offers 401(k) and other workplace retirement plans, individual retirement accounts and annuity products designed to help clients accumulate and manage retirement savings.