B.O.S.S. Retirement Advisors LLC Acquires 670 Shares of Principal Financial Group, Inc. (NYSE:PFG)

B.O.S.S. Retirement Advisors LLC grew its holdings in shares of Principal Financial Group, Inc. (NYSE:PFG) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,332 shares of the company’s stock after acquiring an additional 670 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Principal Financial Group were worth $1,145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Acadian Asset Management LLC lifted its position in Principal Financial Group by 403.6% during the second quarter. Acadian Asset Management LLC now owns 354,447 shares of the company’s stock valued at $27,800,000 after purchasing an additional 284,067 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of Principal Financial Group during the 2nd quarter worth $19,698,000. AMF Tjanstepension AB grew its position in Principal Financial Group by 282.0% in the first quarter. AMF Tjanstepension AB now owns 308,308 shares of the company’s stock worth $26,633,000 after acquiring an additional 227,608 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Principal Financial Group by 165.2% in the first quarter. BNP Paribas Financial Markets now owns 337,877 shares of the company’s stock valued at $29,162,000 after acquiring an additional 210,476 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in Principal Financial Group by 586.1% during the first quarter. Intech Investment Management LLC now owns 234,815 shares of the company’s stock valued at $20,267,000 after purchasing an additional 200,588 shares in the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Principal Financial Group Stock Up 0.1 %

Shares of NYSE:PFG opened at $91.26 on Friday. The stock’s 50-day moving average is $82.43 and its 200 day moving average is $81.57. The company has a market cap of $21.39 billion, a PE ratio of 17.42, a P/E/G ratio of 0.92 and a beta of 1.19. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.29 and a quick ratio of 0.29. Principal Financial Group, Inc. has a 1 year low of $66.21 and a 1 year high of $91.97.

Principal Financial Group (NYSE:PFG) last posted its earnings results on Thursday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.24). The business had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Principal Financial Group had a net margin of 8.05% and a return on equity of 14.92%. During the same period last year, the firm posted $1.53 earnings per share. Sell-side analysts anticipate that Principal Financial Group, Inc. will post 7.31 EPS for the current year.

Principal Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were given a dividend of $0.72 per share. The ex-dividend date was Thursday, September 5th. This represents a $2.88 annualized dividend and a dividend yield of 3.16%. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.71. Principal Financial Group’s payout ratio is currently 54.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Morgan Stanley reduced their price objective on Principal Financial Group from $85.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Barclays increased their price target on shares of Principal Financial Group from $74.00 to $75.00 and gave the company an “underweight” rating in a research report on Wednesday, October 9th. Bank of America lowered their price objective on shares of Principal Financial Group from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Keefe, Bruyette & Woods decreased their target price on shares of Principal Financial Group from $88.00 to $86.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 30th. Finally, Jefferies Financial Group boosted their price target on shares of Principal Financial Group from $73.00 to $76.00 and gave the stock a “hold” rating in a research note on Thursday, July 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.42.

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.