Pacer Advisors Inc. Has $1.31 Million Position in Principal Financial Group, Inc. (NYSE:PFG)

Pacer Advisors Inc. reduced its position in shares of Principal Financial Group, Inc. (NYSE:PFG) by 73.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,979 shares of the company’s stock after selling 47,116 shares during the period. Pacer Advisors Inc.’s holdings in Principal Financial Group were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Principal Financial Group by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,223 shares of the company’s stock worth $404,000 after purchasing an additional 132 shares during the period. Prime Capital Investment Advisors LLC raised its position in shares of Principal Financial Group by 2.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 6,358 shares of the company’s stock worth $546,000 after acquiring an additional 142 shares during the last quarter. Empirical Finance LLC boosted its stake in shares of Principal Financial Group by 1.8% in the 3rd quarter. Empirical Finance LLC now owns 7,875 shares of the company’s stock valued at $676,000 after purchasing an additional 142 shares during the last quarter. Palisade Asset Management LLC lifted its holdings in Principal Financial Group by 2.1% in the third quarter. Palisade Asset Management LLC now owns 6,946 shares of the company’s stock valued at $597,000 after buying an additional 146 shares during the period. Finally, First Trust Direct Indexing L.P. grew its holdings in Principal Financial Group by 2.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,479 shares of the company’s stock worth $557,000 after acquiring an additional 159 shares during the period. Institutional investors own 75.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays raised their target price on Principal Financial Group from $75.00 to $77.00 and gave the stock an “underweight” rating in a research note on Friday, October 25th. Morgan Stanley reiterated an “underweight” rating and issued a $80.00 price objective (down previously from $86.00) on shares of Principal Financial Group in a research note on Thursday, December 5th. 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 report on Tuesday, January 14th. JPMorgan Chase & Co. upgraded shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $95.00 to $92.00 in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods reduced their target price on Principal Financial Group from $93.00 to $90.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Principal Financial Group presently has a consensus rating of “Hold” and an average price target of $84.92.

Principal Financial Group Stock Performance

Shares of PFG stock opened at $82.45 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a 50-day moving average of $80.66 and a 200-day moving average of $82.22. Principal Financial Group, Inc. has a one year low of $72.21 and a one year high of $91.97. The company has a market cap of $18.86 billion, a P/E ratio of -91.61, a P/E/G ratio of 0.82 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.