WINTON GROUP Ltd Sells 2,401 Shares of Principal Financial Group Inc (PFG)

WINTON GROUP Ltd cut its stake in shares of Principal Financial Group Inc (NYSE:PFG) by 39.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,758 shares of the financial services provider’s stock after selling 2,401 shares during the quarter. WINTON GROUP Ltd’s holdings in Principal Financial Group were worth $220,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in shares of Principal Financial Group during the second quarter valued at approximately $100,000. First Mercantile Trust Co. grew its holdings in shares of Principal Financial Group by 101.1% during the second quarter. First Mercantile Trust Co. now owns 1,910 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 960 shares during the last quarter. Dupont Capital Management Corp grew its holdings in shares of Principal Financial Group by 140.2% during the second quarter. Dupont Capital Management Corp now owns 2,356 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 1,375 shares during the last quarter. Focused Wealth Management Inc grew its holdings in shares of Principal Financial Group by 2,090.9% during the second quarter. Focused Wealth Management Inc now owns 2,410 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Lourd Capital LLC bought a new position in shares of Principal Financial Group during the third quarter valued at approximately $211,000. 68.64% of the stock is owned by institutional investors.

PFG has been the subject of a number of recent analyst reports. Zacks Investment Research raised Principal Financial Group from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Wednesday, September 26th. UBS Group increased their price objective on Principal Financial Group from $57.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, October 8th. Deutsche Bank initiated coverage on Principal Financial Group in a report on Tuesday, October 16th. They issued a “hold” rating and a $61.00 price objective for the company. Morgan Stanley decreased their price objective on Principal Financial Group from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, November 13th. Finally, Credit Suisse Group decreased their price objective on Principal Financial Group from $62.00 to $56.00 and set a “neutral” rating for the company in a report on Friday, August 17th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Principal Financial Group presently has a consensus rating of “Hold” and an average price target of $64.70.

Shares of PFG stock opened at $48.31 on Friday. Principal Financial Group Inc has a 12-month low of $45.20 and a 12-month high of $75.58.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.67. The business had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $3.86 billion.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 3rd will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 4.47%. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Friday, November 30th.

In other Principal Financial Group news, insider Amy Christine Friedrich sold 1,700 shares of the company’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $61.00, for a total value of $103,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Gelatt bought 25,000 shares of the business’s stock in a transaction on Monday, November 5th. The stock was purchased at an average price of $48.10 per share, with a total value of $1,202,500.00. Following the completion of the transaction, the director now directly owns 138,694 shares of the company’s stock, valued at $6,671,181.40. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.

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Principal Financial Group Profile

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. It operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.

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Institutional Ownership by Quarter for Principal Financial Group (NYSE:PFG)

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