Principal Financial Group, Inc. (NYSE:PFG) Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB boosted its holdings in shares of Principal Financial Group, Inc. (NYSE:PFG) by 22.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,900 shares of the company’s stock after purchasing an additional 2,000 shares during the period. E. Ohman J or Asset Management AB’s holdings in Principal Financial Group were worth $844,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PFG. AQR Capital Management LLC lifted its stake in Principal Financial Group by 80.6% during the second quarter. AQR Capital Management LLC now owns 13,451 shares of the company’s stock valued at $1,055,000 after purchasing an additional 6,001 shares during the last quarter. Cetera Investment Advisers lifted its stake in Principal Financial Group by 6.9% during the second quarter. Cetera Investment Advisers now owns 57,293 shares of the company’s stock valued at $4,495,000 after purchasing an additional 3,714 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Principal Financial Group during the second quarter valued at approximately $1,187,000. AMF Tjanstepension AB lifted its stake in Principal Financial Group by 28.7% during the third quarter. AMF Tjanstepension AB now owns 290,723 shares of the company’s stock valued at $24,997,000 after purchasing an additional 64,915 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Principal Financial Group by 68.8% during the third quarter. Handelsbanken Fonder AB now owns 33,974 shares of the company’s stock valued at $2,918,000 after purchasing an additional 13,847 shares during the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PFG shares. Bank of America reduced their price target on shares of Principal Financial Group from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Piper Sandler upgraded shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and set a $90.00 price target for the company in a research report on Wednesday, December 18th. Barclays upped their price target on shares of Principal Financial Group from $75.00 to $77.00 and gave the company an “underweight” rating in a research report on Friday, October 25th. Wells Fargo & Company reduced their price target on shares of Principal Financial Group from $75.00 to $69.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. upgraded shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $95.00 to $92.00 in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $84.92.

Principal Financial Group Stock Down 0.1 %

PFG stock opened at $80.57 on Thursday. The company has a 50 day moving average of $80.42 and a two-hundred day moving average of $82.12. Principal Financial Group, Inc. has a 12-month low of $72.21 and a 12-month high of $91.97. The company has a market cap of $18.43 billion, a price-to-earnings ratio of -89.52, a PEG ratio of 0.81 and a beta of 1.22. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35.

About Principal Financial Group

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.