S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
What's in Democrats' big bill? Climate, health care, savings
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
NASDAQ:PFG

Principal Financial Group - PFG Stock Forecast, Price & News

$68.22
+0.24 (+0.35%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$67.74
$68.93
50-Day Range
$61.13
$72.94
52-Week Range
$60.97
$80.36
Volume
793,600 shs
Average Volume
1.66 million shs
Market Capitalization
$17.24 billion
P/E Ratio
11.70
Dividend Yield
3.75%
Price Target
$69.40

Principal Financial Group MarketRank™ Forecast

Analyst Rating
Hold
1.78 Rating Score
Upside/​Downside
1.7% Upside
$69.40 Price Target
Short Interest
Bearish
3.98% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.51
Upright™ Environmental Score
News Sentiment
0.28mentions of Principal Financial Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$710,000 Sold Last Quarter
Proj. Earnings Growth
15.90%
From $6.10 to $7.07 Per Share

Overall MarketRank

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

2.69 out of 5 stars

Finance Sector

302nd out of 1,176 stocks

Accident & Health Insurance Industry

3rd out of 5 stocks

PFG stock logo

About Principal Financial Group (NASDAQ:PFG) Stock

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 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, equity compensation, and pension risk transfer services; individual retirement accounts; investment only products; and mutual funds, individual variable 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 products and services, mutual funds, asset management, income annuities, 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.

Analysts Set New Price Targets

PFG has been the subject of several analyst reports. Evercore ISI decreased their target price on shares of Principal Financial Group from $78.00 to $72.00 and set an "in-line" rating for the company in a research note on Wednesday, July 6th. JPMorgan Chase & Co. cut their price target on Principal Financial Group from $72.00 to $69.00 in a report on Monday, July 11th. Piper Sandler cut their price target on Principal Financial Group from $74.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, July 8th. Barclays cut their price target on Principal Financial Group from $85.00 to $78.00 and set an "overweight" rating for the company in a report on Wednesday, July 13th. Finally, Morgan Stanley cut their price target on Principal Financial Group from $72.00 to $65.00 and set an "equal weight" rating for the company in a report on Wednesday, July 6th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Principal Financial Group presently has a consensus rating of "Hold" and a consensus target price of $69.40.

Principal Financial Group Price Performance

PFG Stock traded up $0.24 during midday trading on Friday, reaching $68.22. The company had a trading volume of 793,645 shares, compared to its average volume of 1,261,143. The company has a market capitalization of $17.24 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. The stock has a 50 day moving average price of $66.69 and a 200-day moving average price of $69.93. Principal Financial Group has a 1-year low of $60.97 and a 1-year high of $80.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.10 and a quick ratio of 0.10.

Insider Activity at Principal Financial Group

In other Principal Financial Group news, EVP Wee Yee Cheong sold 10,000 shares of Principal Financial Group stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $71.00, for a total value of $710,000.00. Following the transaction, the executive vice president now owns 37,093 shares in the company, valued at $2,633,603. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.17% of the stock is owned by insiders.

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PFG Stock News Headlines

Advocating for a More Inclusive Future
6 Ways to Reduce Employee Stress in the Workplace
Erlin Kakkanad: Be Yourself, Every Day.
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PFG Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 6/24 Dividend
6/01/2022
Dividend Payable
6/24/2022
Today
8/08/2022
Next Earnings (Confirmed)
8/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Accident & health insurance
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:PFG
Employees
7,100
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$69.40
High Stock Price Forecast
$79.00
Low Stock Price Forecast
$62.00
Forecasted Upside/Downside
+1.7%
Consensus Rating
Hold
Rating Score (0-4)
1.78
Research Coverage
9 Analysts

Profitability

Net Income
$1.71 billion
Pretax Margin
13.40%

Debt

Sales & Book Value

Annual Sales
$14.26 billion
Cash Flow
$9.35 per share
Book Value
$61.73 per share

Miscellaneous

Free Float
249,728,000
Market Cap
$17.24 billion
Optionable
Optionable
Beta
1.36

Key Executives

  • Mr. Daniel Joseph Houston (Age 60)
    Chairman, CEO & Pres
    Comp: $7.32M
  • Ms. Deanna Dawnette Strable-Soethout (Age 53)
    Exec. VP & CFO
    Comp: $3M
  • Mr. Patrick Gregory Halter (Age 62)
    Pres of Principal Global Asset Management
    Comp: $4.71M
  • Ms. Amy Christine Friedrich (Age 51)
    Pres of United States Insurance Solutions
    Comp: $1.66M
  • Ms. Kathleen B. Kay (Age 59)
    Exec. VP & Chief Information Officer
  • Mr. Humphrey Lee
    VP & Head of Investor Relations
  • Mr. Mark Seth Lagomarcino
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Ms. Noreen M. Fierro (Age 57)
    Sr. VP & Chief Compliance Officer
  • Ms. Bethany A. Wood
    Exec. VP & Chief Marketing Officer
  • Mr. Jon N. Couture (Age 56)
    Exec. VP & Chief HR Officer













PFG Stock - Frequently Asked Questions

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 1 buy rating 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 is Principal Financial Group's stock price forecast for 2022?

9 Wall Street analysts have issued twelve-month price objectives for Principal Financial Group's stock. Their PFG stock forecasts range from $62.00 to $79.00. On average, they predict Principal Financial Group's share price to reach $69.40 in the next twelve months. This suggests a possible upside of 1.7% from the stock's current price.
View analysts' price targets for Principal Financial Group
or view top-rated stocks among Wall Street analysts.

How has Principal Financial Group's stock performed in 2022?

Principal Financial Group's stock was trading at $72.33 at the beginning of the year. Since then, PFG shares have decreased by 5.7% and is now trading at $68.22.
View the best growth stocks for 2022 here
.

When is Principal Financial Group's next earnings date?

Principal Financial Group is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
View our earnings forecast for Principal Financial Group
.

How can I listen to Principal Financial Group's earnings call?

Principal Financial Group will be holding an earnings conference call on Tuesday, August 9th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Principal Financial Group's earnings last quarter?

Principal Financial Group, Inc. (NASDAQ:PFG) issued its earnings results on Tuesday, October, 26th. The company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.10. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.99 billion. Principal Financial Group had a trailing twelve-month return on equity of 12.25% and a net margin of 11.08%. During the same period in the prior year, the business posted $0.85 earnings per share.
Read Principal Financial Group's 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 Thursday, April 28th. Stockholders of record on Thursday, June 2nd will be given a dividend of $0.64 per share on Friday, June 24th. This represents a $2.56 annualized dividend and a yield of 3.75%. The ex-dividend date is Wednesday, June 1st.
View Principal Financial Group's dividend history
.

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 3.75%. Principal Financial Group has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Principal Financial Group is 43.91%. 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 36.21% next year. This indicates that Principal Financial Group will be able to sustain or increase its dividend.
View Principal Financial Group's dividend history.

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 variety of institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (0.34%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), KBC Group NV (0.23%), Fort Washington Investment Advisors Inc. OH (0.22%), North Star Asset Management Inc. (0.18%) and Wedge Capital Management L L P NC (0.17%). Company insiders that own Principal Financial Group stock include Daniel Gelatt, Deanna D Strable-Soethout, Deanna D Strable-Soethout, Elizabeth E Tallett, Julia M Lawler, Timothy Mark Dunbar and Wee Yee Cheong.
View institutional ownership trends for Principal Financial Group
.

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 $68.22.

How much money does Principal Financial Group make?

Principal Financial Group (NASDAQ:PFG) has a market capitalization of $17.24 billion and generates $14.26 billion in revenue each year. The company earns $1.71 billion in net income (profit) each year or $5.83 on an earnings per share basis.

How many employees does Principal Financial Group have?

Principal Financial Group employs 7,100 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 Principal Financial Group 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 8/8/2022 by MarketBeat.com Staff

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