Nilsine Partners LLC Buys 536 Shares of Principal Financial Group, Inc. (NYSE:PFG)

Nilsine Partners LLC lifted its stake in Principal Financial Group, Inc. (NYSE:PFG) by 12.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,743 shares of the company’s stock after purchasing an additional 536 shares during the period. Nilsine Partners LLC’s holdings in Principal Financial Group were worth $367,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. lifted its stake in shares of Principal Financial Group by 4.0% during the second quarter. Sei Investments Co. now owns 25,237 shares of the company’s stock valued at $1,980,000 after acquiring an additional 962 shares during the period. AQR Capital Management LLC lifted its position in Principal Financial Group by 80.6% during the 2nd quarter. AQR Capital Management LLC now owns 13,451 shares of the company’s stock valued at $1,055,000 after purchasing an additional 6,001 shares during the period. Creative Planning boosted its stake in shares of Principal Financial Group by 3.2% in the 2nd quarter. Creative Planning now owns 49,785 shares of the company’s stock valued at $3,906,000 after purchasing an additional 1,552 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Principal Financial Group by 44.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 21,744 shares of the company’s stock worth $1,706,000 after buying an additional 6,735 shares during the period. Finally, Quarry LP bought a new stake in shares of Principal Financial Group during the second quarter worth approximately $91,000. Institutional investors own 75.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PFG shares. Wells Fargo & Company reduced their price objective on shares of Principal Financial Group from $75.00 to $69.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Barclays lifted their price objective on Principal Financial Group from $75.00 to $77.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. 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. Bank of America reduced their target price on Principal Financial Group from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Principal Financial Group from $93.00 to $90.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Principal Financial Group has a consensus rating of “Hold” and a consensus price target of $84.92.

Principal Financial Group Trading Up 0.6 %

Shares of NYSE:PFG opened at $83.38 on Thursday. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of -92.64, a PEG ratio of 0.80 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 fifty day simple moving average is $80.77 and its 200 day simple moving average is $82.26. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35.

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.