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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
66,000% upside on tiny biotech? (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Dividend Expert Reveals His Biggest Income Secrets… Free of Charge (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
66,000% upside on tiny biotech? (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Dividend Expert Reveals His Biggest Income Secrets… Free of Charge (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
66,000% upside on tiny biotech? (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Dividend Expert Reveals His Biggest Income Secrets… Free of Charge (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture

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

$80.24
-0.10 (-0.12%)
(As of 02/23/2024 ET)
Today's Range
$79.94
$81.27
50-Day Range
$77.20
$80.94
52-Week Range
$65.17
$91.57
Volume
938,129 shs
Average Volume
1.05 million shs
Market Capitalization
$18.93 billion
P/E Ratio
32.75
Dividend Yield
3.34%
Price Target
$76.18

Principal Financial Group MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
5.1% Downside
$76.18 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.15mentions of Principal Financial Group in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.32%
From $7.62 to $8.33 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.71 out of 5 stars

Finance Sector

557th out of 837 stocks

Accident & Health Insurance Industry

4th out of 4 stocks


PFG stock logo

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

PFG Stock News Headlines

PFG Mar 2024 90.000 call
Strange change at your bank
At least 41 major US banks have just made a drastic change to the way money in America works. It could have some major implications for you, your money and your retirement. But it’s crucial you understand what’s happening, before these changes get applied to your bank account.
AI Stock Caught Trading Under Secret Name
We have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion.  The company holds over 29,000 patents in the U.S. It pays an enormous dividend.
13 Countries with Easy Citizenship for Retirement
Principal Financial price target raised by $2 at BofA, here's why
See More Headlines
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Company Calendar

Ex-Dividend for 12/20 Dividend
11/30/2023
Dividend Payable
12/20/2023
Last Earnings
2/12/2024
Today
2/24/2024
Ex-Dividend for 3/28 Dividend
3/11/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Accident & health insurance
Sub-Industry
N/A
Employees
19,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$76.18
High Stock Price Target
$85.00
Low Stock Price Target
$62.00
Potential Upside/Downside
-5.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
10 Analysts

Profitability

Net Income
$623.20 million
Pretax Margin
5.41%

Debt

Sales & Book Value

Annual Sales
$13.67 billion
Cash Flow
$7.93 per share
Book Value
$46.47 per share

Miscellaneous

Free Float
233,957,000
Market Cap
$18.93 billion
Optionable
Optionable
Beta
1.25
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Key Executives

  • Mr. Daniel Joseph Houston (Age 62)
    Chairman, CEO & President
    Comp: $4.66M
  • Ms. Deanna Dawnette Strable-Soethout (Age 55)
    Executive VP & CFO
    Comp: $1.89M
  • Ms. Natalie Lamarque (Age 47)
    EVP, General Counsel & Company Secretary
    Comp: $1.23M
  • Mr. Patrick Gregory Halter (Age 64)
    President of Asset Management SM
    Comp: $2.67M
  • Ms. Amy Christine Friedrich (Age 53)
    President of Benefits & Protection
    Comp: $1.53M
  • Ms. Kathleen B. Kay (Age 61)
    Executive VP & Chief Information Officer
  • Mr. Humphrey Lee
    VP & Head of Investor Relations
  • Ms. Noreen M. Fierro (Age 59)
    Senior VP and Enterprise Chief Ethics & Compliance Officer
  • Ms. Bethany A. Wood (Age 60)
    Executive VP & Chief Marketing Officer
  • Mr. Jon N. Couture (Age 58)
    Executive VP of Principal Global Services & Chief Human Resources Officer

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 Tuesday, February 20, 2024 at 4:16 PM.














PFG Stock Analysis - Frequently Asked Questions

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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last twelve months. There are currently 2 sell ratings and 8 hold ratings for the stock. The consensus among Wall Street equities research 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?

10 brokerages have issued 12 month target prices for Principal Financial Group's stock. Their PFG share price targets range from $62.00 to $85.00. On average, they predict the company's share price to reach $76.18 in the next twelve months. This suggests that the stock has a possible downside of 5.1%.
View analysts price targets for PFG
or view top-rated stocks among Wall Street analysts.

How have PFG shares performed in 2024?

Principal Financial Group's stock was trading at $78.67 at the beginning of the year. Since then, PFG stock has increased by 2.0% and is now trading at $80.24.
View the best growth stocks for 2024 here
.

When is Principal Financial Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our PFG earnings forecast
.

How were Principal Financial Group's earnings last quarter?

Principal Financial Group, Inc. (NYSE:PFG) issued its earnings results on Monday, February, 12th. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.13. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.53 billion. Principal Financial Group had a net margin of 4.56% and a trailing twelve-month return on equity of 15.14%. During the same quarter in the previous year, the company posted $1.70 earnings per share.

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

Principal Financial Group declared a quarterly dividend on Friday, February 9th. Shareholders of record on Tuesday, March 12th will be paid a dividend of $0.69 per share on Thursday, March 28th. This represents a $2.76 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, March 11th. This is an increase from the stock's previous quarterly dividend of $0.67.
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 3.34%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 109.39%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PFG will have a dividend payout ratio of 32.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFG.

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

Principal Financial Group declared that its Board of Directors has initiated a share buyback program on Monday, February 12th 2024, which allows the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

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

Principal Financial Group updated its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided EPS guidance of 7.140-7.340 for the period, compared to the consensus EPS estimate of 7.510. The company issued revenue guidance of -.

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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.00%), Capital Research Global Investors (2.71%), Dimensional Fund Advisors LP (1.63%), Northern Trust Corp (1.56%), Norges Bank (1.35%) and First Trust Advisors LP (1.17%). Insiders that own company stock include Deanna D Strable-Soethout, Elizabeth E Tallett, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PFG) was last updated on 2/25/2024 by MarketBeat.com Staff