Key Points
- CEO Deanna Strable-Soethout sold 7,340 shares of Principal Financial Group on Jan. 30 at an average price of $95, generating $697,300 and reducing her position by 5.09% to 136,828 shares (~$12.998M).
- Shares trade near $96 (12‑month high $96.38) with a market cap of $21.39B and a P/E of 14.37, while analysts have an average rating of Reduce and a consensus price target of $92.88, suggesting limited upside.
Principal Financial Group, Inc. (NYSE:PFG - Get Free Report) CEO Deanna Strable-Soethout sold 7,340 shares of Principal Financial Group 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 owned 136,828 shares in the company, valued at $12,998,660. The trade was a 5.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Principal Financial Group Stock Performance
Shares of NYSE:PFG opened at $96.00 on Tuesday. The business has a 50-day moving average of $89.48 and a two-hundred day moving average of $83.82. The firm has a market capitalization of $21.39 billion, a PE ratio of 14.37, a P/E/G ratio of 0.76 and a beta of 0.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.29 and a quick ratio of 0.30. Principal Financial Group, Inc. has a 12 month low of $68.39 and a 12 month high of $96.38.
Hedge Funds Weigh In On Principal Financial Group
A number of institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in Principal Financial Group in the 1st quarter valued at about $244,000. NewEdge Advisors LLC boosted its holdings in Principal Financial Group by 24.1% in the first quarter. NewEdge Advisors LLC now owns 7,503 shares of the company's stock valued at $633,000 after purchasing an additional 1,455 shares during the last quarter. Empowered Funds LLC boosted its holdings in Principal Financial Group by 11.9% in the first quarter. Empowered Funds LLC now owns 4,678 shares of the company's stock valued at $395,000 after purchasing an additional 497 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Principal Financial Group by 6.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,847 shares of the company's stock valued at $2,212,000 after purchasing an additional 1,678 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in Principal Financial Group during the 2nd quarter worth approximately $135,000. Institutional investors and hedge funds own 75.08% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. UBS Group lifted their price target on shares of Principal Financial Group from $88.00 to $92.00 and gave the company a "neutral" rating in a research report on Thursday, January 8th. Evercore ISI raised their target price on shares of Principal Financial Group from $92.00 to $94.00 and gave the company an "in-line" rating in a research note on Thursday, October 9th. Keefe, Bruyette & Woods lifted their target price on shares of Principal Financial Group from $90.00 to $91.00 and gave the company a "market perform" rating in a report on Thursday, October 30th. Morgan Stanley set a $93.00 price target on Principal Financial Group in a report on Monday, December 15th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $103.00 price objective on shares of Principal Financial Group in a research note on Monday, January 5th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Principal Financial Group has an average rating of "Reduce" and an average price target of $92.88.
View Our Latest Research Report on Principal Financial Group
Principal Financial Group Company Profile
(
Get Free Report)
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.
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