816 Shares in Principal Financial Group, Inc. (NYSE:PFG) Purchased by Sentry Investment Management LLC

Sentry Investment Management LLC purchased a new stake in shares of Principal Financial Group, Inc. (NYSE:PFG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 816 shares of the company’s stock, valued at approximately $63,000.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its position in shares of Principal Financial Group by 2.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 5,223 shares of the company’s stock valued at $404,000 after acquiring an additional 132 shares during the last quarter. Leavell Investment Management Inc. lifted its position in Principal Financial Group by 5.4% during the fourth quarter. Leavell Investment Management Inc. now owns 2,693 shares of the company’s stock valued at $208,000 after purchasing an additional 138 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of Principal Financial Group by 2.3% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 6,358 shares of the company’s stock worth $546,000 after buying an additional 142 shares in the last quarter. Empirical Finance LLC increased its holdings in shares of Principal Financial Group by 1.8% in the 3rd quarter. Empirical Finance LLC now owns 7,875 shares of the company’s stock worth $676,000 after buying an additional 142 shares during the last quarter. Finally, Palisade Asset Management LLC raised its position in shares of Principal Financial Group by 2.1% during the 3rd quarter. Palisade Asset Management LLC now owns 6,946 shares of the company’s stock valued at $597,000 after buying an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Principal Financial Group Trading Up 1.9 %

NYSE PFG opened at $87.53 on Friday. The stock has a market cap of $19.74 billion, a PE ratio of 13.10, a PEG ratio of 0.76 and a beta of 1.22. Principal Financial Group, Inc. has a 12 month low of $72.21 and a 12 month high of $91.97. The company’s 50-day moving average price is $81.44 and its 200-day moving average price is $82.75. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.36.

Principal Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, March 12th. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.43%. Principal Financial Group’s dividend payout ratio (DPR) is 44.91%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Piper Sandler lifted their price target on Principal Financial Group from $90.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. BMO Capital Markets assumed coverage on Principal Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $93.00 target price for the company. JPMorgan Chase & Co. upgraded Principal Financial Group from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $95.00 to $92.00 in a report on Tuesday, January 7th. Barclays lifted their price objective on shares of Principal Financial Group from $77.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $91.00 target price on shares of Principal Financial Group in a research note on Thursday, January 16th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $85.92.

Principal Financial Group Company 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.