Achmea Investment Management B.V. Has $233,000 Stake in Principal Financial Group Inc (PFG)

Achmea Investment Management B.V. lessened its position in Principal Financial Group Inc (NYSE:PFG) by 63.3% in the 3rd quarter, Holdings Channel reports. The fund owned 3,992 shares of the financial services provider’s stock after selling 6,872 shares during the period. Achmea Investment Management B.V.’s holdings in Principal Financial Group were worth $233,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PFG. Itau Unibanco Holding S.A. bought a new stake in shares of Principal Financial Group in the 2nd quarter worth about $100,000. First Mercantile Trust Co. lifted its holdings in shares of Principal Financial Group by 101.1% in the 2nd quarter. First Mercantile Trust Co. now owns 1,910 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 960 shares during the last quarter. Dupont Capital Management Corp lifted its holdings in shares of Principal Financial Group by 140.2% in the 2nd quarter. Dupont Capital Management Corp now owns 2,356 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 1,375 shares during the last quarter. Focused Wealth Management Inc increased its stake in Principal Financial Group by 2,090.9% in the 2nd quarter. Focused Wealth Management Inc now owns 2,410 shares of the financial services provider’s stock worth $128,000 after buying an additional 2,300 shares during the period. Finally, Lourd Capital LLC purchased a new position in Principal Financial Group in the 3rd quarter worth about $211,000. Hedge funds and other institutional investors own 68.64% of the company’s stock.

PFG stock opened at $48.52 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 posted its quarterly earnings results on Thursday, October 25th. The financial services provider reported $1.67 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.67. The company had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $3.86 billion.

The firm 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 dividend of $0.54 per share. 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. This represents a $2.16 dividend on an annualized basis and a yield of 4.45%.

PFG has been the topic of several recent analyst reports. Credit Suisse Group reduced their price target on shares of Principal Financial Group from $62.00 to $56.00 and set a “neutral” rating on the stock in a research note on Friday, August 17th. Deutsche Bank initiated coverage on shares of Principal Financial Group in a research note on Tuesday, October 16th. They issued a “hold” rating and a $61.00 price target on the stock. UBS Group raised their price target on shares of Principal Financial Group from $57.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, October 8th. Zacks Investment Research reaffirmed a “hold” rating on shares of Principal Financial Group in a research note on Wednesday. Finally, Morgan Stanley reduced their price target on shares of Principal Financial Group from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $64.70.

In other Principal Financial Group news, insider James P. Mccaughan sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $55.42, for a total transaction of $1,108,400.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Amy Christine Friedrich sold 1,700 shares of the firm’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $61.00, for a total transaction of $103,700.00. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

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About Principal Financial Group

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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