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

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$59.54 +0.15 (+0.25 %)
(As of 09/24/2018 06:00 AM ET)
Previous Close$59.54
Today's Range$59.02 - $59.63
52-Week Range$52.31 - $75.58
Volume1.77 million shs
Average Volume1.51 million shs
Market Capitalization$18.16 billion
P/E RatioN/A
Dividend Yield3.61%
Beta1.6
Principal Financial Group logoPrincipal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. It 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, and full service payout 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, China, Hong Kong Special Administrative Region, India, Mexico, and Southeast Asia. The U.S. Insurance Solutions segment provides specialty benefits consisting of 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Investment Brokerage - National
Sub-IndustryLife & Health Insurance
SectorFinance
SymbolNYSE:PFG
CUSIP74251V10
Phone+1-515-2475111

Debt

Debt-to-Equity Ratio0.26
Current Ratio0.10
Quick Ratio0.10

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E Ratio11.41
P/E Growth1.35

Sales & Book Value

Annual Sales$12.38 billion
Price / Sales1.37
Cash Flow$5.3019 per share
Price / Cash11.23
Book Value$35.78 per share
Price / Book1.66

Profitability

EPS (Most Recent Fiscal Year)N/A
Net Income$1.32 billion
Net Margins12.35%
Return on Equity13.55%
Return on Assets0.63%

Miscellaneous

Employees14,854
Outstanding Shares284,750,000
Market Cap$18.16 billion

Principal Financial Group (NYSE:PFG) Frequently Asked Questions

What is Principal Financial Group's stock symbol?

Principal Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PFG."

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 Monday, July 30th. Investors of record on Thursday, September 6th will be given a dividend of $0.53 per share on Friday, September 28th. This represents a $2.12 annualized dividend and a yield of 3.56%. The ex-dividend date is Wednesday, September 5th. This is a positive change from Principal Financial Group's previous quarterly dividend of $0.52. View Principal Financial Group's Dividend History.

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

Principal Financial Group declared that its board has approved a stock buyback plan on Monday, May 7th 2018, which permits the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 1.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.

How were Principal Financial Group's earnings last quarter?

Principal Financial Group Inc (NYSE:PFG) announced its quarterly earnings results on Thursday, July, 26th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by $0.02. The financial services provider had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.58 billion. Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. During the same quarter in the previous year, the business earned $1.31 EPS. View Principal Financial Group's Earnings History.

When is Principal Financial Group's next earnings date?

Principal Financial Group is scheduled to release their next quarterly earnings announcement on Thursday, October, 25th 2018. View Earnings Estimates for Principal Financial Group.

What price target have analysts set for PFG?

9 Wall Street analysts have issued 12 month price objectives for Principal Financial Group's shares. Their forecasts range from $56.00 to $76.00. On average, they anticipate Principal Financial Group's stock price to reach $67.6667 in the next year. This suggests a possible upside of 13.6% from the stock's current price. View Analyst Price Targets for Principal Financial Group.

What is the consensus analysts' recommendation for Principal Financial Group?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last year. There are currently 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Principal Financial Group.

What are Wall Street analysts saying about Principal Financial Group stock?

Here are some recent quotes from research analysts about Principal Financial Group stock:
  • 1. According to Zacks Investment Research, "Focus on fee-based revenue sources has been helping Principal Financial earn steadily and limiting its exposure to the interest rate environment. The company targets an ROE improvement of 30-60 basis points annually and a long-term earnings growth rate between 9% and 12%. Its inorganic growth story remains impressive with buyouts fortifying the international footprint. Its assets under management have also been steadily rising. Also, it aims at a $0.9-$1.3-billion capital deployment in 2018. However, higher leverage inducing increase in interest and dilution from acquisition remain a headwind. Shares of Principal Financial have underperformed the industry in a year's time. Principal Financial’s second-quarter bottom line missed estimates as lower variable investment income, accelerated investment in digital business strategies and transaction and integration costs weighed on growth in businesses as well as lower taxes." (8/1/2018)
  • 2. Wells Fargo & Co analysts commented, "We would normalize to $1.36 after accounting for mortality gains in Retirement and Income Solutions (RIS)-Spread, negative encaje returns in Principal International and favorable claims experience in Specialty Benefit. Principal walked through unusual items in a segment in a slide presentation (see Figure 1 for a detailed view of actual results versus our expectations). Given traditional Q1 unfavorable seasonality, we don’t view the $1.36 as a “run-rate” off which to use as a starting point for Q2 estimates. The normalized beat in Q1 was driven by lower multiple segments (Specialty Benefits and Corporate), which are likely not sustainable. All in, while certainly better than Q4 2017 results, the underlying earnings power exhibited in Q1 does not at first look seem like enough to change our investment thesis." (4/26/2018)

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

Who are Principal Financial Group's key executives?

Principal Financial Group's management team includes the folowing people:
  • Mr. Daniel Joseph Houston, Chairman, CEO & Pres (Age 56)
  • Ms. Deanna Dawnette Strable-Soethout, Exec. VP & CFO (Age 49)
  • Ms. Nora Mary Everett, Pres of Retirement & Income Solutions (Age 59)
  • Mr. Luis E. Valdés, Pres & CEO of Principal International, Inc. (Age 60)
  • Mr. Gary P. Scholten, Exec. VP, Chief Information Officer & Chief Digital Officer (Age 60)

Who are Principal Financial Group's major shareholders?

Principal Financial Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.98%), Northern Trust Corp (2.04%), Bank of New York Mellon Corp (2.01%), Dimensional Fund Advisors LP (1.28%), FMR LLC (0.87%) and FMR LLC (0.87%). Company insiders that own Principal Financial Group stock include Daniel Joseph Houston, Deanna D Strable-Soethout, Gary P Scholten, Gregory Bernard Elming, James P Mccaughan, Karen E Shaff, Luis E Valdes, Nora Mary Everett, Terrance J Lillis 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, American Century Companies Inc., Martingale Asset Management L P, BNP Paribas Arbitrage SA, Glenmede Trust Co. NA, Millennium Management LLC, Janus Henderson Group PLC and NN Investment Partners Holdings N.V.. Company insiders that have sold Principal Financial Group company stock in the last year include Daniel Joseph Houston, Deanna D Strable-Soethout, Gary P Scholten, James P Mccaughan, Karen E Shaff, Luis E Valdes, Nora Mary Everett and Timothy Mark Dunbar. View Insider Buying and Selling for Principal Financial Group.

Which institutional investors are buying Principal Financial Group stock?

PFG stock was acquired by a variety of institutional investors in the last quarter, including Alps Advisors Inc., Mainstay Capital Management LLC ADV, Renaissance Technologies LLC, Morgan Stanley, W.E. Donoghue & Co. LLC, Conning Inc., Bank of Montreal Can and Algebris UK Ltd. View Insider Buying and Selling 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Principal Financial Group's stock price today?

One share of PFG stock can currently be purchased for approximately $59.54.

How big of a company is Principal Financial Group?

Principal Financial Group has a market capitalization of $18.16 billion and generates $12.38 billion in revenue each year. Principal Financial Group employs 14,854 workers across the globe.

What is Principal Financial Group's official website?

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

How can I contact Principal Financial Group?

Principal Financial Group's mailing address is 711 High St, DES MOINES, IA 50392-0300, United States. The financial services provider can be reached via phone at +1-515-2475111 or via email at [email protected]


MarketBeat Community Rating for Principal Financial Group (NYSE PFG)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  333 (Vote Outperform)
Underperform Votes:  577 (Vote Underperform)
Total Votes:  910
MarketBeat's community ratings are surveys of what our community members think about Principal Financial Group and other stocks. Vote "Outperform" if you believe PFG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PFG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/24/2018 by MarketBeat.com Staff

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