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NASDAQ:PFG

Principal Financial Group Stock Forecast, Price & News

$57.85
-0.36 (-0.62 %)
(As of 03/2/2021 03:58 PM ET)
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Today's Range
$57.64
Now: $57.85
$58.76
50-Day Range
$49.27
MA: $53.69
$60.45
52-Week Range
$23.31
Now: $57.85
$61.57
Volume48,118 shs
Average Volume1.58 million shs
Market Capitalization$15.77 billion
P/E Ratio13.12
Dividend Yield3.96%
Beta1.64
Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates in Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Income Solutions segment provides a portfolio of asset accumulation products and services for retirement savings and income. It offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit pension plans, nonqualified executive benefit plans, employee stock ownership plans, and pension risk transfer services; individual retirement accounts and payroll deduction plans; investment only products; and mutual funds, individual annuities, and bank products. The Principal Global Investors segment provides equity, fixed income, real estate, and other alternative investments, as well as asset allocation, stable value management, and other structured investment strategies. The Principal International segment offers pension accumulation and income annuity products, mutual funds, asset management, and life insurance accumulation products, as well as voluntary savings plans in Brazil, Chile, Mexico, China, Hong Kong Special Administrative Region, India, and Southeast Asia. The U.S. Insurance Solutions segment provides specialty benefits, such as group dental and vision insurance, group life insurance, and group and individual disability insurance, as well as administers group dental, disability, and vision benefits; and individual life insurance products comprising universal, variable universal, indexed universal, and term life insurance products in the United States. It also offers insurance solutions for small and medium-sized businesses and their owners, as well as executives. Principal Financial Group, Inc. was founded in 1879 and is based in Des Moines, Iowa.
Principal Financial Group logo

Industry, Sector and Symbol

Industry Accident & health insurance
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:PFG
CUSIPN/A
CIKN/A
Phone515-247-5111
Employees17,400
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$16.22 billion
Cash Flow$8.57 per share
Book Value$52.89 per share

Profitability

Net Income$1.39 billion

Miscellaneous

Market Cap$15.77 billion
Next Earnings Date4/26/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.92 out of 5 stars

Finance Sector

289th out of 1,940 stocks

Accident & Health Insurance Industry

4th out of 6 stocks

Analyst Opinion: 1.1Community Rank: 1.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$57.85
-0.36 (-0.62 %)
(As of 03/2/2021 03:58 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Principal Financial Group (NASDAQ:PFG) Frequently Asked Questions

Is Principal Financial Group a buy right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last year. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Principal Financial Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PFG, but not buy additional shares or sell existing shares.
View analyst ratings for Principal Financial Group
or view top-rated stocks.

What stocks does MarketBeat like better than Principal Financial Group?

Wall Street analysts have given Principal Financial Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Principal Financial Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Principal Financial Group?

Principal Financial Group saw a increase in short interest in February. As of February 12th, there was short interest totaling 3,830,000 shares, an increase of 46.7% from the January 28th total of 2,610,000 shares. Based on an average trading volume of 1,530,000 shares, the short-interest ratio is presently 2.5 days. Approximately 1.4% of the shares of the stock are short sold.
View Principal Financial Group's Short Interest
.

When is Principal Financial Group's next earnings date?

Principal Financial Group is scheduled to release its next quarterly earnings announcement on Monday, April 26th 2021.
View our earnings forecast for Principal Financial Group
.

How were Principal Financial Group's earnings last quarter?

Principal Financial Group, Inc. (NASDAQ:PFG) announced its quarterly earnings data on Thursday, January, 28th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.05. The firm earned $3.68 billion during the quarter, compared to the consensus estimate of $3.93 billion. Principal Financial Group had a trailing twelve-month return on equity of 9.22% and a net margin of 8.15%. During the same period in the previous year, the company earned $1.41 EPS.
View Principal Financial Group's earnings history
.

How has Principal Financial Group's stock price been impacted by Coronavirus?

Principal Financial Group's stock was trading at $35.92 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PFG stock has increased by 61.5% and is now trading at $58.01.
View which stocks have been most impacted by COVID-19
.

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 Thursday, January 28th. Stockholders of record on Monday, March 1st will be paid a dividend of $0.56 per share on Friday, March 26th. This represents a $2.24 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, February 26th.
View Principal Financial Group's dividend history
.

Is Principal Financial Group a good dividend stock?

Principal Financial Group pays an annual dividend of $2.24 per share and currently has a dividend yield of 3.96%. PFG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Principal Financial Group does not yet have a strock track record of dividend growth. The dividend payout ratio of Principal Financial Group is 40.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Principal Financial Group will have a dividend payout ratio of 35.61% next year. This indicates that Principal Financial Group will be able to sustain or increase its dividend.
View Principal Financial Group's dividend history.

How will Principal Financial Group's stock buyback program work?

Principal Financial Group announced that its board has approved a stock repurchase plan on Tuesday, February 25th 2020, which authorizes the company to buyback $900,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its stock is undervalued.

What guidance has Principal Financial Group issued on next quarter's earnings?

Principal Financial Group updated its FY 2021 IntraDay earnings guidance on Thursday, February, 25th. The company provided earnings per share (EPS) guidance of 5.34-5.43 for the period, compared to the Thomson Reuters consensus estimate of $6.08.

What price target have analysts set for PFG?

9 analysts have issued twelve-month target prices for Principal Financial Group's stock. Their forecasts range from $38.00 to $63.00. On average, they anticipate Principal Financial Group's stock price to reach $51.88 in the next twelve months. This suggests that the stock has a possible downside of 10.6%.
View analysts' price targets for Principal Financial Group
or view top-rated stocks among Wall Street analysts.

Who are Principal Financial Group's key executives?

Principal Financial Group's management team includes the following people:
  • Mr. Daniel Joseph Houston, Chairman, CEO & Pres (Age 59, Pay $4.5M)
  • Ms. Deanna Dawnette Strable-Soethout, Exec. VP & CFO (Age 52, Pay $1.67M)
  • Mr. Luis Eduardo Valdes, Head of the Principal International segment & Pres of Principal International, Inc (Age 63, Pay $1.33M)
  • Mr. Patrick Gregory Halter, Pres of Principal Global Asset Management (Age 61, Pay $2.66M)
  • Ms. Kathleen B. Kay, Sr. VP & Chief Information Officer (Age 58)
  • Mr. John Egan, VP of Investor Relations (Age 59)
  • Ms. Elizabeth B. Happe, Sr. VP & Chief Compliance Officer
  • Mr. Christopher James Littlefield, Exec. VP, Gen. Counsel & Sec. (Age 54)
  • Ms. Beth Wood, Sr. VP & Chief Marketing Officer
  • Mr. Jon N. Couture, Sr. VP & Chief HR Officer (Age 55)

Who are some of Principal Financial Group's key competitors?

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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.10%), Bank of New York Mellon Corp (1.76%), Northern Trust Corp (1.69%), Credit Suisse AG (1.58%), Dimensional Fund Advisors LP (1.39%) and Charles Schwab Investment Management Inc. (1.22%). Company insiders that own Principal Financial Group stock include Daniel Gelatt, Deanna D Strable-Soethout, Julia M Lawler, Luis E Valdes and Timothy Mark Dunbar.
View institutional ownership trends for Principal Financial Group
.

Which institutional investors are selling Principal Financial Group stock?

PFG stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Prudential PLC, BlackRock Inc., Skandinaviska Enskilda Banken AB publ , Robeco Institutional Asset Management B.V., Morgan Stanley, Price T Rowe Associates Inc. MD, and Prana Capital Management LP. Company insiders that have sold Principal Financial Group company stock in the last year include Deanna D Strable-Soethout, Julia M Lawler, and Timothy Mark Dunbar.
View insider buying and selling activity for Principal Financial Group
or view top insider-selling stocks.

Which institutional investors are buying Principal Financial Group stock?

PFG stock was purchased by a variety of institutional investors in the last quarter, including Credit Suisse AG, Norges Bank, Retirement Systems of Alabama, Brandywine Global Investment Management LLC, RWC Asset Management LLP, First Trust Advisors LP, Public Sector Pension Investment Board, and Barclays PLC.
View insider buying and selling activity for Principal Financial Group
or or view top insider-buying stocks.

How do I buy shares of Principal Financial Group?

Shares of PFG 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 $58.01.

How much money does Principal Financial Group make?

Principal Financial Group has a market capitalization of $15.81 billion and generates $16.22 billion in revenue each year. The company earns $1.39 billion in net income (profit) each year or $5.58 on an earnings per share basis.

How many employees does Principal Financial Group have?

Principal Financial Group employs 17,400 workers across the globe.

What is Principal Financial Group's official website?

The official website for Principal Financial Group is www.principal.com.

Where are Principal Financial Group's headquarters?

Principal Financial Group is headquartered at 711 HIGH STREET, DES MOINES IA, 50392.

How can I contact Principal Financial Group?

Principal Financial Group's mailing address is 711 HIGH STREET, DES MOINES IA, 50392. The company can be reached via phone at 515-247-5111 or via email at [email protected]


This page was last updated on 3/2/2021 by MarketBeat.com Staff

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