Kintegral Advisory LLC Reduces Holdings in Principal Financial Group, Inc. (NYSE:PFG)

Kintegral Advisory LLC decreased its position in shares of Principal Financial Group, Inc. (NYSE:PFG) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,877 shares of the company’s stock after selling 2,277 shares during the period. Kintegral Advisory LLC’s holdings in Principal Financial Group were worth $3,784,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PFG. Peterson Financial Group Inc. acquired a new position in Principal Financial Group in the 3rd quarter valued at about $33,000. Truvestments Capital LLC purchased a new stake in shares of Principal Financial Group during the 3rd quarter valued at $43,000. Prospera Private Wealth LLC purchased a new position in shares of Principal Financial Group in the 3rd quarter worth about $45,000. Sugarloaf Wealth Management LLC increased its position in shares of Principal Financial Group by 53.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 559 shares of the company’s stock worth $43,000 after acquiring an additional 195 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Principal Financial Group in the third quarter worth about $50,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BMO Capital Markets began coverage on Principal Financial Group in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $93.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $91.00 target price on shares of Principal Financial Group in a research report on Thursday, January 16th. Morgan Stanley restated an “underweight” rating and issued a $80.00 target price (down from $86.00) on shares of Principal Financial Group in a research report on Thursday, December 5th. Barclays increased their price objective on shares of Principal Financial Group from $77.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, February 7th. Finally, Piper Sandler lifted their price objective on shares of Principal Financial Group from $90.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $85.92.

Principal Financial Group Stock Down 2.5 %

Shares of NYSE PFG opened at $84.38 on Friday. The stock has a market cap of $19.03 billion, a P/E ratio of 12.40, a P/E/G ratio of 0.76 and a beta of 1.22. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.30 and a current ratio of 0.29. The firm has a 50 day moving average price of $80.69 and a 200 day moving average price of $82.42. Principal Financial Group, Inc. has a 52-week low of $72.21 and a 52-week high of $91.97.

Principal Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th will be paid a $0.75 dividend. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 3.56%. The ex-dividend date is Wednesday, March 12th. Principal Financial Group’s payout ratio is presently 43.71%.

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.