Mn Services Vermogensbeheer B.V. grew its holdings in shares of Principal Financial Group Inc (NYSE:PFG) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,456 shares of the financial services provider’s stock after buying an additional 1,600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Principal Financial Group were worth $7,953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Unison Advisors LLC lifted its position in shares of Principal Financial Group by 1.2% during the first quarter. Unison Advisors LLC now owns 19,728 shares of the financial services provider’s stock valued at $990,000 after purchasing an additional 232 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Principal Financial Group by 13.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,127 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 254 shares in the last quarter. Advisor Partners LLC lifted its position in shares of Principal Financial Group by 2.6% during the first quarter. Advisor Partners LLC now owns 10,443 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 261 shares in the last quarter. Zeke Capital Advisors LLC lifted its position in shares of Principal Financial Group by 5.2% during the first quarter. Zeke Capital Advisors LLC now owns 5,344 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 262 shares in the last quarter. Finally, BOKF NA lifted its position in shares of Principal Financial Group by 4.0% during the fourth quarter. BOKF NA now owns 7,791 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 68.64% of the company’s stock.

PFG has been the topic of a number of recent analyst reports. TheStreet raised shares of Principal Financial Group from a “c+” rating to a “b-” rating in a research report on Monday, January 28th. UBS Group lowered shares of Principal Financial Group from a “neutral” rating to a “sell” rating and dropped their price target for the company from $46.00 to $45.00 in a research report on Tuesday, February 5th. Zacks Investment Research raised shares of Principal Financial Group from a “sell” rating to a “hold” rating and set a $59.00 price target on the stock in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada raised their price target on shares of Principal Financial Group to $55.00 and gave the company a “market perform” rating in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $58.44.

Shares of PFG stock opened at $55.22 on Thursday. Principal Financial Group Inc has a 52 week low of $40.42 and a 52 week high of $61.12.

Principal Financial Group (NYSE:PFG) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.32 by $0.11. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the firm posted $1.40 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Friday, May 31st.

In other Principal Financial Group news, EVP Julia M. Lawler sold 1,000 shares of Principal Financial Group stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $50.74, for a total value of $50,740.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders sold 3,000 shares of company stock worth $160,370. 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. The company 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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