5 Overlooked Large-Cap Stocks with Cheap Multiples

4. Principal Financial Group, Inc. (NASDAQ:PFG)

Number of Hedge Fund Investors in Q4 2022: 25

Principal Financial Group, Inc. (NASDAQ:PFG) is a financial services firm that is based in Des Moines, Iowa. It provides a variety of financial products such as pension plans, employee stock ownership plans, mutual funds, asset management services, and insurance.

25 of the 943 hedge funds profiled by Insider Monkey had invested in the financial services firm during Q4 2022. Principal Financial Group, Inc. (NASDAQ:PFG)’s largest hedge fund shareholder is Cliff Asness’s AQR Capital Management since owns 295,654 shares that are worth $24 million.

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