Horizon Investments adds Principal Financial Group Inc (PFG) to its portfolio

Principal Financial Group Inc (PFG) : Horizon Investments added new position in Principal Financial Group Inc during the most recent quarter end. The investment management firm now holds 11,267 shares of Principal Financial Group Inc which is valued at $645,712 , the company said in a statement filed on Nov 14, 2016 with the SEC.Principal Financial Group Inc makes up approximately 0.04% of Horizon Investments’s portfolio.

Other Hedge Funds, Including , Ontario Teachers Pension Plan Board reduced its stake in PFG by selling 11,049 shares or 40.62% in the most recent quarter. The Hedge Fund company now holds 16,151 shares of PFG which is valued at $925,614. Principal Financial Group Inc makes up approx 0.01% of Ontario Teachers Pension Plan Board’s portfolio.Huntington National Bank boosted its stake in PFG in the latest quarter, The investment management firm added 378 additional shares and now holds a total of 2,493 shares of Principal Financial Group Inc which is valued at $134,996.Oakbrook Investments reduced its stake in PFG by selling 5,400 shares or 15.15% in the most recent quarter. The Hedge Fund company now holds 30,250 shares of PFG which is valued at $1,597,200. Principal Financial Group Inc makes up approx 0.10% of Oakbrook Investments’s portfolio.Benin Management Corp reduced its stake in PFG by selling 1,300 shares or 19.7% in the most recent quarter. The Hedge Fund company now holds 5,300 shares of PFG which is valued at $279,840. Principal Financial Group Inc makes up approx 0.14% of Benin Management Corp’s portfolio.

Principal Financial Group Inc closed down -0.13 points or -0.22% at $57.66 with 12,19,560 shares getting traded on Monday. Post opening the session at $57.85, the shares hit an intraday low of $57.07 and an intraday high of $57.92 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Principal Financial Group Inc reported $1.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.12.Analysts expectations of $ 3008.62.During the same quarter in the previous year, the company posted $1.06 EPS.

Investors should note that on Oct 27, 2016, Principal Financial Group Inc announced a cash dividend of $0.4300. The company’s management has announced Dec 1, 2016 as the ex-dividend date and fixed the record date on Dec 5, 2016. The payable date has been fixed on Dec 27, 2016.

Many Wall Street Analysts have commented on Principal Financial Group Inc. Company shares were Reiterated by RBC Capital Mkts on Nov 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 61 from a previous price target of $52 .Company shares were Reiterated by Barclays on Nov 17, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 57 from a previous price target of $51 .Principal Financial Group Inc was Initiated by Credit Suisse to “Underperform” on Oct 7, 2016.

Principal Financial Group Inc. is an investment management company. The Company offers businesses individuals and institutional clients a range of financial products and services including retirement asset management and insurance through its financial services companies. Its segments include Retirement and Investor Services Principal Global Investors Principal International and U.S. Insurance Solutions. Its Retirement and Investor Services segment provides retirement and related financial products and services primarily to businesses their employees and other individuals. The Principal Global Investors segment provides asset management services.. The Principal International segment offers pension accumulation products and services mutual funds asset management income annuities and life insurance accumulation products. The U.S. Insurance Solutions segment offers individual and group insurance solutions.

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