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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last twelve months. There are currently 5 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" PFG shares. View PFG analyst ratings or view top-rated stocks .

What is Principal Financial Group's stock price target for 2024?

12 analysts have issued 1-year price targets for Principal Financial Group's shares. Their PFG share price targets range from $62.00 to $86.00. On average, they anticipate the company's share price to reach $74.92 in the next twelve months. This suggests a possible upside of 0.5% 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 at the beginning of 2023. Since then, PFG stock has decreased by 11.2% and is now trading at $74.53. 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, January 29th 2024. View our PFG earnings forecast .

How were Principal Financial Group's earnings last quarter?

Principal Financial Group, Inc. (NYSE:PFG) announced its quarterly earnings data on Thursday, October, 26th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.07. The company earned $3.48 billion during the quarter, compared to analysts' expectations of $3.58 billion. Principal Financial Group had a trailing twelve-month return on equity of 15.30% and a net margin of 10.54%.

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, October 25th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.67 per share on Wednesday, December 20th. This represents a $2.68 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from the stock's previous quarterly dividend of $0.65. Read our dividend analysis for PFG .

Is Principal Financial Group a good dividend stock?

Principal Financial Group (NYSE:PFG) pays an annual dividend of $2.68 per share and currently has a dividend yield of 3.63%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFG will have a dividend payout ratio of 36.31% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PFG .

What other stocks do shareholders of Principal Financial Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Principal Financial Group investors own include AT&T (T) , Johnson & Johnson (JNJ) , AbbVie (ABBV) , Exxon Mobil (XOM) , Intel (INTC) , Verizon Communications (VZ) , Home Depot (HD) , JPMorgan Chase & Co. (JPM) , International Business Machines (IBM) and Cisco Systems (CSCO) .

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 shareholders include Wellington Management Group LLP (1.86%), Northern Trust Corp (1.64%), Morgan Stanley (1.10%), Invesco Ltd. (0.94%), Legal & General Group Plc (0.84%) and Royal Bank of Canada (0.77%). Insiders that own company stock include 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 .

Principal Financial Group Stock Price, News & Analysis (NYSE:PFG)

$74.53

+0.70 (+0.95%)

(As of 12/1/2023 08:55 PM ET)

Compare

Today's Range: $73.68
▼
$74.83
50-Day Range: $66.88
▼
$74.92
52-Week Range: $65.17
▼
$93.87

Volume: 1.14 million shs
Average Volume: 1.43 million shs
Market Capitalization: $17.77 billion

P/E Ratio: 12.28
Dividend Yield: 3.60%
Price Target: $74.92

Principal Financial Group MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.58 Rating Score
Upside/Downside: 0.5% Upside
$74.92 Price Target
Short Interest: N/A
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.08
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 14.95%
From $6.42 to $7.38 Per Share

Overall MarketRank^™

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

2.34 out of 5 stars

Finance Sector

309th out of 824 stocks

Accident & Health Insurance Industry

3rd out of 4 stocks

1.8

Analyst's Opinion

Consensus Rating
Principal Financial Group has received a consensus rating of Reduce. The company's average rating score is 1.58, and is based on no buy ratings, 7 hold ratings, and 5 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $74.92, Principal Financial Group has a forecasted upside of 0.5% from its current price of $74.53.
Amount of Analyst Coverage
Principal Financial Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for PFG.

3.3

Dividend Strength

Dividend Leadership
Principal Financial Group is a leading dividend payer. It pays a dividend yield of 3.63%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Principal Financial Group has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Principal Financial Group is 44.15%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Principal Financial Group will have a dividend payout ratio of 36.31% next year. This indicates that Principal Financial Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PFG.

3.4

News and Social Media Coverage

News Sentiment
Principal Financial Group has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Principal Financial Group this week, compared to 6 articles on an average week.
Search Interest
4 people have searched for PFG on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
MarketBeat Follows
2 people have added Principal Financial Group to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Principal Financial Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.81% of the stock of Principal Financial Group is held by insiders.
Percentage Held by Institutions
70.68% of the stock of Principal Financial Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Principal Financial Group are expected to grow by 14.95% in the coming year, from $6.42 to $7.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Principal Financial Group is 12.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.42.
Price to Earnings Ratio vs. Sector
The P/E ratio of Principal Financial Group is 12.28, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.41.
Price to Earnings Growth Ratio
Principal Financial Group has a PEG Ratio of 1.30. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Principal Financial Group has a P/B Ratio of 1.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Principal Financial Group Stock (NYSE:PFG)

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 retirement, and related financial products and services. It offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit 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, as well as trust and custody services. 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, 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.

PFG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PFG Stock News Headlines

November 27, 2023 | finance.yahoo.com

Principal Asset Management℠ Real Estate Strategies Receive 4-Star Rating From Global Real Estate Sustainability Benchmark in 2023

November 24, 2023 | americanbankingnews.com

Financial Analysis: Principal Financial Group (PFG) versus Its Rivals

December 4, 2023 | DTI Trader (Ad)

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November 23, 2023 | finance.yahoo.com

3 Principal Financial Group Mutual Funds for Solid Returns

November 14, 2023 | finance.yahoo.com

Principal Financial Group (NASDAQ:PFG) Is Paying Out A Larger Dividend Than Last Year

November 1, 2023 | finance.yahoo.com

Principal® Announces Financial Services Leader Pablo Sprenger to Head Latin America

October 29, 2023 | finance.yahoo.com

Principal Financial Group, Inc. (NASDAQ:PFG) Q3 2023 Earnings Call Transcript

October 28, 2023 | finance.yahoo.com

Q3 2023 Principal Financial Group Inc Earnings Call

December 4, 2023 | DTI Trader (Ad)

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October 28, 2023 | seekingalpha.com

Principal Financial: Fairly Valued Given Its Capital Position

October 27, 2023 | finance.yahoo.com

Principal Financial (PFG) Q3 Earnings Beat, Revenues Rise Y/Y

October 27, 2023 | seekingalpha.com

Principal Financial Group, Inc. 2023 Q3 - Results - Earnings Call Presentation

October 26, 2023 | investing.com

Principal Financial Q3 profit rises on higher premiums and investment income

October 26, 2023 | finance.yahoo.com

Principal Financial Group® Announces Third Quarter 2023 Results

October 26, 2023 | finance.yahoo.com

Principal Financial Group Inc (PFG) Announces Q3 2023 Earnings

October 26, 2023 | finance.yahoo.com

Women Small Business Owners Take Fewer Risks, Have Investment Confidence Gaps

October 26, 2023 | finance.yahoo.com

Principal Financial Group, Inc.'s (NASDAQ:PFG) latest 3.8% decline adds to one-year losses, institutional investors may consider drastic measures

October 24, 2023 | finance.yahoo.com

Principal Financial Group® Chairman, President & CEO Dan Houston Recognized with the 2023 Ray Lillywhite Award by EBRI at the Defined Contribution West Conference in San Diego, CA

October 23, 2023 | finance.yahoo.com

Redefining Retirement as Peak 65 Approaches

October 23, 2023 | finance.yahoo.com

Principal Financial (PFG) to Post Q3 Earnings: What to Expect?

October 13, 2023 | finance.yahoo.com

Principal(R) Releases Second Sustainable Financing Report Announcing Allocations of $600M Sustainability Bond

October 11, 2023 | msn.com

Principal Financial: Recession still looms, despite lingering consumer strength

October 7, 2023 | msn.com

JP Morgan Maintains Principal Financial Group Inc - Registered Shares (PFG) Underweight Recommendation

October 4, 2023 | finance.yahoo.com

Natalie Lamarque: Learning To Harness Fear

October 3, 2023 | finance.yahoo.com

Despite Continued Economic Volatility, Global Financial Inclusion Improved According to the Global Financial Inclusion Index from Principal®

October 2, 2023 | finance.yahoo.com

Principal to Announce Third Quarter 2023 Financial Results

September 25, 2023 | tmcnet.com

Priority Financial Group Announces Partnership with the Financial Planning Association of Greater Phoenix

See More Headlines

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Company Calendar

Ex-Dividend for 9/29 Dividend: 9/06/2023
Dividend Payable: 9/29/2023
Last Earnings: 10/26/2023
Ex-Dividend for 12/20 Dividend: 11/30/2023
Today: 12/03/2023
Dividend Payable: 12/20/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/29/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Accident & health insurance
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:PFG
CUSIP: N/A
CIK: 1126328
Web: www.principal.com
Phone: 515-247-5111
Fax: 302-636-5454
Employees: 19,300
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $74.92
High Stock Price Target: $86.00
Low Stock Price Target: $62.00
Potential Upside/Downside: +0.5%
Consensus Rating: Reduce
Rating Score (0-4): 1.58
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.07
Trailing P/E Ratio: 12.28
Forward P/E Ratio: 11.61
P/E Growth: 1.3
Net Income: $4.81 billion
Net Margins: 10.54%
Pretax Margin: 13.60%
Return on Equity: 15.30%
Return on Assets: 0.54%

Debt

Debt-to-Equity Ratio: 0.37
Current Ratio: 0.31
Quick Ratio: 0.31

Sales & Book Value

Annual Sales: $17.49 billion
Price / Sales: 1.02
Cash Flow: $9.94 per share
Price / Cash Flow: 7.50
Book Value: $44.98 per share
Price / Book: 1.66

Miscellaneous

Outstanding Shares: 238,410,000
Free Float: 236,481,000
Market Cap: $17.77 billion
Optionable: Optionable
Beta: 1.26

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Key Executives

Mr. Daniel Joseph Houston (Age 61)
Chairman, CEO & President
Comp: $4.66M
Ms. Deanna Dawnette Strable-Soethout (Age 54)
Executive VP & CFO
Comp: $1.89M
Ms. Natalie Lamarque (Age 46)
EVP, General Counsel & Company Secretary
Comp: $1.23M
Mr. Patrick Gregory Halter (Age 63)
President of Asset Management SM
Comp: $2.67M
Ms. Amy Christine Friedrich (Age 52)
President of Benefits & Protection
Comp: $1.53M
Ms. Kathleen B. Kay (Age 60)
Executive VP & Chief Information Officer
Mr. Humphrey Lee
VP & Head of Investor Relations
Ms. Noreen M. Fierro (Age 58)
Senior VP and Enterprise Chief Ethics & Compliance Officer
Ms. Bethany A. Wood (Age 59)
Executive VP & Chief Marketing Officer
Mr. Jon N. Couture (Age 57)
Executive VP of Principal Global Services & Chief Human Resources Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Principal Financial Group Stock? PFG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Principal Financial Group was last updated on Sunday, December 3, 2023 at 4:27 PM.

Pros

Here are some ways that investors could benefit from investing in Principal Financial Group, Inc.:

Recent developments: Principal Financial Group, Inc. has been making strategic moves to expand its business and increase its market presence.
Strong financial performance: Principal Financial Group, Inc. has consistently delivered solid financial results, demonstrating its ability to generate profits and grow its business.
Diversified product offerings: Principal Financial Group, Inc. offers a wide range of financial products and services, including retirement planning, investment management, and insurance, providing investors with various options to meet their financial needs.
Stable dividend payments: Principal Financial Group, Inc. has a history of paying dividends to its shareholders, which can provide a steady income stream for investors.
Positive industry outlook: The financial services industry, in which Principal Financial Group, Inc. operates, is expected to experience growth in the coming years, presenting opportunities for the company to expand its market share and increase its profitability.

Cons

Investors should be bearish about investing in Principal Financial Group, Inc. for these reasons:

Market volatility: The financial markets can be unpredictable, and fluctuations in market conditions can impact the performance of Principal Financial Group, Inc. and its investments.
Regulatory risks: The financial services industry is subject to extensive regulations, and changes in regulations or compliance requirements could affect the operations and profitability of Principal Financial Group, Inc.
Competition: Principal Financial Group, Inc. operates in a highly competitive industry, and increased competition from other financial institutions could put pressure on its market share and profitability.
Interest rate risk: Principal Financial Group, Inc. is exposed to interest rate risk, as changes in interest rates can impact the company's investment returns and the pricing of its products.
Economic downturns: Principal Financial Group, Inc.'s business and financial performance could be negatively affected by economic downturns or recessions, which can lead to lower demand for its products and services.

PFG Stock Analysis - Frequently Asked Questions

Should I buy or sell Principal Financial Group stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last twelve months. There are currently 5 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" PFG shares.
View PFG analyst ratings or view top-rated stocks.
What is Principal Financial Group's stock price target for 2024?: 12 analysts have issued 1-year price targets for Principal Financial Group's shares. Their PFG share price targets range from $62.00 to $86.00. On average, they anticipate the company's share price to reach $74.92 in the next twelve months. This suggests a possible upside of 0.5% 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 at the beginning of 2023. Since then, PFG stock has decreased by 11.2% and is now trading at $74.53.
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, January 29th 2024.
View our PFG earnings forecast.
How were Principal Financial Group's earnings last quarter?: Principal Financial Group, Inc. (NYSE:PFG) announced its quarterly earnings data on Thursday, October, 26th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.07. The company earned $3.48 billion during the quarter, compared to analysts' expectations of $3.58 billion. Principal Financial Group had a trailing twelve-month return on equity of 15.30% and a net margin of 10.54%.
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, October 25th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.67 per share on Wednesday, December 20th. This represents a $2.68 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from the stock's previous quarterly dividend of $0.65.
Read our dividend analysis for PFG.

Is Principal Financial Group a good dividend stock?: Principal Financial Group (NYSE:PFG) pays an annual dividend of $2.68 per share and currently has a dividend yield of 3.63%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFG will have a dividend payout ratio of 36.31% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFG.
What other stocks do shareholders of Principal Financial Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Principal Financial Group investors own include AT&T (T), Johnson & Johnson (JNJ), AbbVie (ABBV), Exxon Mobil (XOM), Intel (INTC), Verizon Communications (VZ), Home Depot (HD), JPMorgan Chase & Co. (JPM), International Business Machines (IBM) and Cisco Systems (CSCO).
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 shareholders include Wellington Management Group LLP (1.86%), Northern Trust Corp (1.64%), Morgan Stanley (1.10%), Invesco Ltd. (0.94%), Legal & General Group Plc (0.84%) and Royal Bank of Canada (0.77%). Insiders that own company stock include 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.

This page (NYSE:PFG) was last updated on 12/4/2023 by MarketBeat.com Staff

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Principal Financial Group Stock Price, News & Analysis (NYSE:PFG)

Principal Financial Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Principal Financial Group Stock (NYSE:PFG)

PFG Stock Price History

PFG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

Should I Buy Principal Financial Group Stock? PFG Pros and Cons Explained

Pros

Cons

PFG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™