Foster Group Inc. Has $970,000 Stock Holdings in Principal Financial Group, Inc. (NYSE:PFG)

Foster Group Inc. cut its stake in Principal Financial Group, Inc. (NYSE:PFG) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,530 shares of the company’s stock after selling 1,415 shares during the quarter. Foster Group Inc.’s holdings in Principal Financial Group were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Harbor Capital Advisors Inc. boosted its holdings in Principal Financial Group by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,223 shares of the company’s stock valued at $404,000 after acquiring an additional 132 shares during the period. Prime Capital Investment Advisors LLC increased its holdings 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 buying an additional 142 shares in the last quarter. Empirical Finance LLC increased its holdings in shares of Principal Financial Group by 1.8% during the third quarter. Empirical Finance LLC now owns 7,875 shares of the company’s stock worth $676,000 after buying an additional 142 shares in the last quarter. Palisade Asset Management LLC grew its stake in shares of Principal Financial Group by 2.1% during the third quarter. Palisade Asset Management LLC now owns 6,946 shares of the company’s stock valued at $597,000 after purchasing an additional 146 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its stake in shares of Principal Financial Group by 2.5% during the third quarter. First Trust Direct Indexing L.P. now owns 6,479 shares of the company’s stock valued at $557,000 after purchasing an additional 159 shares during the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

Principal Financial Group Trading Up 0.3 %

Shares of NYSE:PFG opened at $82.89 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35. Principal Financial Group, Inc. has a 12 month low of $72.21 and a 12 month high of $91.97. The company’s fifty day simple moving average is $80.79 and its 200 day simple moving average is $82.27. The firm has a market cap of $18.96 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 0.80 and a beta of 1.22.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Morgan Stanley reaffirmed an “underweight” rating and issued a $80.00 price objective (down from $86.00) on shares of Principal Financial Group in a research note on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $95.00 to $92.00 in a research note on Tuesday, January 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $91.00 price objective on shares of Principal Financial Group in a research note on Thursday, January 16th. Piper Sandler raised shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and set a $90.00 price objective on the stock in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company reduced their price target on shares of Principal Financial Group from $75.00 to $69.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $84.92.

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.