Nilsine Partners LLC Has $367,000 Holdings in Principal Financial Group, Inc. (NYSE:PFG)

Nilsine Partners LLC increased its holdings in shares of Principal Financial Group, Inc. (NYSE:PFG) by 12.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,743 shares of the company’s stock after purchasing an additional 536 shares during the quarter. Nilsine Partners LLC’s holdings in Principal Financial Group were worth $367,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Peterson Financial Group Inc. acquired a new position in shares of Principal Financial Group during the 3rd quarter worth about $33,000. Truvestments Capital LLC acquired a new position in Principal Financial Group during the third quarter valued at approximately $43,000. Sugarloaf Wealth Management LLC grew its stake in Principal Financial Group by 53.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 559 shares of the company’s stock valued at $43,000 after purchasing an additional 195 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Principal Financial Group during the 3rd quarter worth approximately $45,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Principal Financial Group during the 3rd quarter worth approximately $50,000. Institutional investors own 75.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PFG. Piper Sandler raised shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and set a $90.00 target price for the company in a research note on Wednesday, December 18th. Wells Fargo & Company lowered their price objective on shares of Principal Financial Group from $75.00 to $69.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Bank of America cut their target price on shares of Principal Financial Group from $94.00 to $91.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. BMO Capital Markets assumed coverage on Principal Financial Group in a research report on Thursday, January 23rd. They set a “market perform” rating and a $93.00 price target on the stock. Finally, JPMorgan Chase & Co. raised Principal Financial Group from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $95.00 to $92.00 in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $84.92.

Principal Financial Group Stock Up 0.6 %

PFG opened at $83.38 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a fifty day moving average of $80.77 and a 200-day moving average of $82.26. Principal Financial Group, Inc. has a fifty-two week low of $72.21 and a fifty-two week high of $91.97. The company has a market capitalization of $19.07 billion, a P/E ratio of -92.64, a P/E/G ratio of 0.80 and a beta of 1.22.

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 Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.