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Principal Financial Group (PFG) Stock Forecast, Price & News

$65.46
-2.97 (-4.34%)
(As of 05/31/2023 ET)
Compare
Today's Range
$65.17
$67.34
50-Day Range
$67.26
$77.11
52-Week Range
$61.05
$96.17
Volume
3.53 million shs
Average Volume
1.78 million shs
Market Capitalization
$15.89 billion
P/E Ratio
3.89
Dividend Yield
3.91%
Price Target
$77.31

Principal Financial Group MarketRank™ Forecast

Analyst Rating
Reduce
1.46 Rating Score
Upside/​Downside
18.1% Upside
$77.31 Price Target
Short Interest
Healthy
2.63% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.51
Upright™ Environmental Score
News Sentiment
1.04mentions of Principal Financial Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$256,733 Sold Last Quarter
Proj. Earnings Growth
11.95%
From $6.61 to $7.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.91 out of 5 stars

Finance Sector

183rd out of 901 stocks

Accident & Health Insurance Industry

2nd out of 4 stocks


PFG stock logo

About Principal Financial Group (NASDAQ:PFG) Stock

Principal Financial Group, Inc. engages in the investment management offering business. It offers financial products and services to businesses, individuals, and institutional clients. It operates its business through following segments: Retirement and Income Solutions, Principal Global Investors, Principal International, U.S. Insurance Solutions, and Corporate. The Retirement and Income Solutions segment provides retirement and related financial products and services primarily to businesses, their employees, and other individuals. The Principal Global Investors segment is involved in asset management services to asset accumulation business, insurance operations, corporate segment and third-party clients, and also refers to the mutual fund business. 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 includes the specialty benefits insurance division and consists of group dental and vision insurance, individual and group disability insurance, group life insurance and non-medical fee-for-service claims administration, and

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PFG Stock News Headlines

"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
See More Headlines
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PFG Company Calendar

Ex-Dividend for 3/31 Dividend
3/14/2023
Dividend Payable
3/31/2023
Last Earnings
4/27/2023
Today
5/31/2023
Ex-Dividend for 6/30 Dividend
5/31/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
8/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Accident & health insurance
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:PFG
Employees
19,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$77.31
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+16.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.46
Research Coverage
13 Analysts

Profitability

Net Income
$4.81 billion
Pretax Margin
31.80%

Debt

Sales & Book Value

Annual Sales
$17.49 billion
Cash Flow
$9.65 per share
Book Value
$42.26 per share

Miscellaneous

Free Float
240,809,000
Market Cap
$16.07 billion
Optionable
Optionable
Beta
1.27

Key Executives

  • Daniel Joseph Houston
    Chairman, President & Chief Executive Officer
  • Deanna Dawnette Strable-SoethoutDeanna Dawnette Strable-Soethout
    Chief Financial Officer & Executive Vice President
  • Kathleen B. Kay
    Chief Information Officer & Senior Vice President
  • Elizabeth B. Happe
    Chief Compliance Officer & Senior Vice President
  • Noreen Fierro
    Chief Compliance Officer & Senior Vice President













PFG Stock - Frequently Asked Questions

Should I buy or sell Principal Financial Group stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last year. There are currently 7 sell ratings and 6 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "sell" PFG shares.
View PFG analyst ratings
or view top-rated stocks.

What is Principal Financial Group's stock price forecast for 2023?

13 equities research analysts have issued 1-year price targets for Principal Financial Group's shares. Their PFG share price forecasts range from $60.00 to $90.00. On average, they expect the company's stock price to reach $77.31 in the next year. This suggests a possible upside of 16.8% from the stock's current price.
View analysts price targets for PFG
or view top-rated stocks among Wall Street analysts.

How have PFG shares performed in 2023?

Principal Financial Group's stock was trading at $83.92 on January 1st, 2023. Since then, PFG stock has decreased by 21.1% and is now trading at $66.20.
View the best growth stocks for 2023 here
.

When is Principal Financial Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our PFG earnings forecast
.

How were Principal Financial Group's earnings last quarter?

Principal Financial Group, Inc. (NASDAQ:PFG) posted its quarterly earnings data on Thursday, April, 27th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.54 by $0.06. The company had revenue of $2.82 billion for the quarter, compared to analysts' expectations of $3.22 billion. Principal Financial Group had a net margin of 24.97% and a trailing twelve-month return on equity of 16.04%. During the same quarter in the previous year, the company earned $1.63 EPS.
Read the conference call transcript
.

How often does Principal Financial Group pay dividends? What is the dividend yield for Principal Financial Group?

Principal Financial Group announced a quarterly dividend on Wednesday, April 26th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.64 per share on Friday, June 30th. This represents a $2.56 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for PFG
.

Is Principal Financial Group a good dividend stock?

Principal Financial Group (NASDAQ:PFG) pays an annual dividend of $2.56 per share and currently has a dividend yield of 3.76%. The dividend payout ratio is 15.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFG will have a dividend payout ratio of 34.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFG.

What is Principal Financial Group's stock symbol?

Principal Financial Group trades on the NASDAQ under the ticker symbol "PFG."

Who are Principal Financial Group's major shareholders?

Principal Financial Group's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.83%), Bank of America Corp DE (6.84%), State Street Corp (4.07%), Geode Capital Management LLC (2.27%), First Trust Advisors LP (2.02%) and Envestnet Asset Management Inc. (1.70%). Insiders that own company stock include Daniel Gelatt, Deanna D Strable-Soethout, Deanna D Strable-Soethout, Elizabeth E Tallett, Julia M Lawler, Kenneth A Mccullum, Roberto Walker, Sandra L Helton, Timothy Mark Dunbar and Wee Yee Cheong.
View institutional ownership trends
.

How do I buy shares of Principal Financial Group?

Shares of PFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Principal Financial Group's stock price today?

One share of PFG stock can currently be purchased for approximately $66.20.

How much money does Principal Financial Group make?

Principal Financial Group (NASDAQ:PFG) has a market capitalization of $16.07 billion and generates $17.49 billion in revenue each year. The company earns $4.81 billion in net income (profit) each year or $16.83 on an earnings per share basis.

How many employees does Principal Financial Group have?

The company employs 19,300 workers across the globe.

How can I contact Principal Financial Group?

Principal Financial Group's mailing address is 711 HIGH STREET, DES MOINES IA, 50392. The official website for the company is www.principal.com. The company can be reached via phone at (515) 247-5111, via email at investor-relations@principal.com, or via fax at 302-636-5454.

This page (NASDAQ:PFG) was last updated on 5/31/2023 by MarketBeat.com Staff

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