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

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

13 Wall Street research analysts have issued 1-year price targets for Principal Financial Group's stock. Their PFG share price forecasts range from $60.00 to $90.00. On average, they predict the company's stock price to reach $77.15 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for PFG or view top-rated stocks among Wall Street analysts.

Principal Financial Group's stock was trading at $83.92 at the beginning of 2023. Since then, PFG shares have decreased by 14.9% and is now trading at $71.39.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our PFG earnings forecast.

Principal Financial Group will be holding an earnings conference call on Friday, July 28th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Principal Financial Group, Inc. (NASDAQ:PFG) announced its earnings results on Thursday, April, 27th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by $0.06. The firm earned $3.44 billion during the quarter, compared to analyst estimates of $3.22 billion. Principal Financial Group had a trailing twelve-month return on equity of 16.04% and a net margin of 24.97%.

Principal Financial Group declared a quarterly dividend on Wednesday, April 26th. Stockholders 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 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Wednesday, May 31st.
Read our dividend analysis for PFG.

ETFs with the largest weight of Principal Financial Group (NASDAQ:PFG) stock in their portfolio include Sound Equity Income ETF (SDEI), iShares U.S. Insurance ETF (IAK), SPDR S&P Insurance ETF (KIE), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), Cambria Value and Momentum ETF (VAMO), First Trust Capital Strength ETF (FTCS) and Invesco S&P 500 Equal Weight Financials ETF (RYF).

Principal Financial Group (NASDAQ:PFG) pays an annual dividend of $2.56 per share and currently has a dividend yield of 3.66%. 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 34.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFG.

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

Principal Financial Group's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.

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.

One share of PFG stock can currently be purchased for approximately $71.39.

Principal Financial Group (NASDAQ:PFG) has a market capitalization of $17.33 billion and generates $17.22 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.

The company employs 19,300 workers across the globe.

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.