E. Ohman J or Asset Management AB Has $844,000 Stock Position in Principal Financial Group, Inc. (NYSE:PFG)

E. Ohman J or Asset Management AB lifted its holdings in shares of Principal Financial Group, Inc. (NYSE:PFG) by 22.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,900 shares of the company’s stock after buying 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 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PFG. AQR Capital Management LLC grew its stake in Principal Financial Group by 80.6% in the 2nd quarter. AQR Capital Management LLC now owns 13,451 shares of the company’s stock valued at $1,055,000 after buying an additional 6,001 shares during the last quarter. Cetera Investment Advisers grew its stake in Principal Financial Group by 6.9% in the 2nd quarter. Cetera Investment Advisers now owns 57,293 shares of the company’s stock valued at $4,495,000 after buying an additional 3,714 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Principal Financial Group in the 2nd quarter valued at $1,187,000. AMF Tjanstepension AB grew its stake in Principal Financial Group by 28.7% in the 3rd quarter. AMF Tjanstepension AB now owns 290,723 shares of the company’s stock valued at $24,997,000 after buying an additional 64,915 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Principal Financial Group by 68.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 33,974 shares of the company’s stock valued at $2,918,000 after buying an additional 13,847 shares during the last quarter. Institutional investors and hedge funds own 75.08% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on PFG. Barclays raised their target price on shares of Principal Financial Group from $75.00 to $77.00 and gave the company an “underweight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upgraded shares of Principal Financial Group from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $95.00 to $92.00 in a research note on Tuesday, January 7th. Wells Fargo & Company lowered their target price 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 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 report on Thursday, October 10th. Finally, BMO Capital Markets began coverage on shares of Principal Financial Group in a report on Thursday, January 23rd. They issued a “market perform” rating and a $93.00 price target for the company. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $84.92.

Principal Financial Group Price Performance

NYSE:PFG opened at $80.57 on Thursday. The company has a 50-day moving average of $80.42 and a 200-day moving average of $82.12. The company has a market capitalization of $18.43 billion, a price-to-earnings ratio of -89.52, a PEG ratio of 0.81 and a beta of 1.22. Principal Financial Group, Inc. has a 52 week low of $72.21 and a 52 week high of $91.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.30 and a current ratio of 0.30.

Principal Financial Group Company 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.