V Square Quantitative Management LLC Has $634,000 Stock Holdings in Principal Financial Group, Inc. (NYSE:PFG)

V Square Quantitative Management LLC lifted its stake in shares of Principal Financial Group, Inc. (NYSE:PFG) by 6.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,185 shares of the company’s stock after buying an additional 493 shares during the quarter. V Square Quantitative Management LLC’s holdings in Principal Financial Group were worth $634,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Harbor Capital Advisors Inc. increased its position in Principal Financial Group by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,223 shares of the company’s stock worth $404,000 after acquiring an additional 132 shares during the period. Leavell Investment Management Inc. increased 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 worth $208,000 after acquiring an additional 138 shares during the period. Prime Capital Investment Advisors LLC increased its position in Principal Financial Group by 2.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 6,358 shares of the company’s stock worth $546,000 after acquiring an additional 142 shares during the period. Empirical Finance LLC increased its position in Principal Financial Group by 1.8% during the third quarter. Empirical Finance LLC now owns 7,875 shares of the company’s stock worth $676,000 after acquiring an additional 142 shares during the period. Finally, Palisade Asset Management LLC increased its position in Principal Financial Group by 2.1% during the third quarter. Palisade Asset Management LLC now owns 6,946 shares of the company’s stock worth $597,000 after acquiring an additional 146 shares during the period. 75.08% of the stock is owned by institutional investors.

Principal Financial Group Trading Down 1.5 %

Shares of Principal Financial Group stock opened at $85.65 on Friday. The firm has a market capitalization of $19.59 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.79 and a beta of 1.22. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $80.13 and its 200 day moving average is $82.15. Principal Financial Group, Inc. has a 1 year low of $72.21 and a 1 year high of $91.97.

Principal Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 an increase from Principal Financial Group’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 3.50%. Principal Financial Group’s dividend payout ratio (DPR) is currently 44.91%.

Analysts Set New Price Targets

A number of research firms recently commented on PFG. Keefe, Bruyette & Woods raised their price target on shares of Principal Financial Group from $90.00 to $92.00 and gave the stock a “market perform” rating in a research report on Wednesday. JPMorgan Chase & Co. raised shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $95.00 to $92.00 in a report on Tuesday, January 7th. Wells Fargo & Company decreased their target price on shares of Principal Financial Group from $75.00 to $69.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Piper Sandler raised their target price on shares of Principal Financial Group from $90.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $80.00 target price (down from $86.00) on shares of Principal Financial Group in a report on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Principal Financial Group presently has a consensus rating of “Hold” and an average target price of $85.54.

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.