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

$80.01
-0.24 (-0.30%)
(As of 06/21/2024 ET)
Today's Range
$79.34
$80.29
50-Day Range
$76.66
$85.13
52-Week Range
$66.21
$86.79
Volume
2.01 million shs
Average Volume
915,921 shs
Market Capitalization
$18.75 billion
P/E Ratio
15.27
Dividend Yield
3.55%
Price Target
$80.30

Principal Financial Group MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
0.4% Upside
$80.30 Price Target
Short Interest
N/A
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.65mentions of Principal Financial Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.07%
From $7.50 to $8.48 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.

3.99 out of 5 stars

Finance Sector

288th out of 833 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 Asset Management, and Benefits and Protection 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, registered index-linked annuities, and bank products, as well as trust and custody services. The Principal Asset Management segment provides equity, fixed income, real estate, and other alternative investments, as well as asset allocation, stable value management, and other structured investment strategies. It also 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, Asia, China, Hong Kong Special Administrative Region, and Southeast Asia. The Benefits and Protection 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. It also offers insurance solutions for small and medium-sized businesses and their owners, as well as employees. Principal Financial Group, Inc. was founded in 1879 and is based in Des Moines, Iowa.

PFG Stock Price History

PFG Stock News Headlines

China: Property Easing Measures Are Speeding Up
Retirement, saved
A new poll shows 79% of Americans are worried the country faces a retirement savings crisis. More than half say they won't have enough money to be secure once they quit work . That's why one of the most experienced men on Wall Street is coming forward today with his own personal solution.
The Ebb And Flow Of Public Markets
Retirement, saved
A new poll shows 79% of Americans are worried the country faces a retirement savings crisis. More than half say they won't have enough money to be secure once they quit work . That's why one of the most experienced men on Wall Street is coming forward today with his own personal solution.
Gold: Will It Keep Its Shine?
Q1 2024 Principal Financial Group Inc Earnings Call
Principal Financial: Q1 Earnings Snapshot
Municipal Bonds: Election And Tax Implications
Validea Detailed Fundamental Analysis - PFG
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
3/11/2024
Dividend Payable
3/28/2024
Last Earnings
4/25/2024
Ex-Dividend for 6/27 Dividend
6/03/2024
Today
6/22/2024
Dividend Payable
6/27/2024
Next Earnings (Confirmed)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Accident & health insurance
Sub-Industry
N/A
Employees
19,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$80.30
High Stock Price Target
$90.00
Low Stock Price Target
$62.00
Potential Upside/Downside
+0.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
10 Analysts

Profitability

Net Income
$623.20 million
Pretax Margin
10.59%

Debt

Sales & Book Value

Annual Sales
$14.90 billion
Cash Flow
$7.91 per share
Book Value
$45.98 per share

Miscellaneous

Free Float
231,900,000
Market Cap
$18.75 billion
Optionable
Optionable
Beta
1.23
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Key Executives

  • Mr. Daniel Joseph Houston (Age 62)
    Chairman, CEO & President
    Comp: $4.69M
  • Ms. Deanna Dawnette Strable-Soethout (Age 55)
    Executive VP & CFO
    Comp: $2.08M
  • Ms. Amy Christine Friedrich (Age 53)
    President of Benefits & Protection
    Comp: $1.97M
  • Mr. Vivek Agrawal
    Executive VP, Chief Growth Officer & Senior Advisor
  • 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. Natalie Lamarque (Age 47)
    Executive VP, General Counsel & Company Secretary
    Comp: $1.23M
  • Ms. Bethany A. Wood (Age 59)
    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

Pros

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

  • Principal Financial Group has a strong history of share buybacks, indicating that the company's board believes its stock is undervalued, which could lead to potential stock price appreciation.
  • Analysts forecast a positive growth trajectory for Principal Financial Group, with an expected increase in earnings per share for the current fiscal year, showing promising financial performance.
  • The company recently increased its dividend payout, providing investors with a higher dividend yield, which can be attractive for income-focused investors.
  • Principal Financial Group operates in various segments, including retirement, asset management, and insurance, offering diversified revenue streams that can help mitigate risks associated with a single sector.
  • The stock has shown a consistent upward trend, with a 50-day and 200-day simple moving average indicating positive momentum and potential for further price appreciation.

Cons

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

  • Principal Financial Group recently missed the consensus earnings estimate, which could raise concerns about the company's ability to meet market expectations and impact investor confidence.
  • Some analysts have issued sell ratings on the stock, indicating a bearish sentiment among certain market experts, which could lead to downward pressure on the stock price.
  • The company's dividend payout ratio is relatively high, at 52.67%, which may limit future dividend growth potential and could signal financial strain if not managed effectively.
  • Despite positive growth forecasts, there is always inherent market risk involved in investing, and unforeseen economic challenges or industry-specific issues could impact Principal Financial Group's performance.
  • The stock price has already reached a 12-month high, potentially limiting short-term upside potential for investors looking for immediate capital gains.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 2, 2024. Please send any questions or comments about these Principal Financial Group pros and cons to contact@marketbeat.com.

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 year. 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 twelve-month price targets for Principal Financial Group's stock. Their PFG share price targets range from $62.00 to $90.00. On average, they predict the company's share price to reach $80.30 in the next year. This suggests a possible upside of 0.4% 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 2024?

Principal Financial Group's stock was trading at $78.67 at the start of the year. Since then, PFG stock has increased by 1.7% and is now trading at $80.01.
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, July 25th 2024.
View our PFG earnings forecast
.

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

Principal Financial Group will be holding an earnings conference call on Friday, July 26th 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. (NYSE:PFG) posted its quarterly earnings data on Thursday, April, 25th. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by $0.09. The firm earned $4.05 billion during the quarter, compared to analysts' expectations of $3.68 billion. Principal Financial Group had a trailing twelve-month return on equity of 15.06% and a net margin of 8.70%. During the same quarter in the previous year, the company posted $1.48 earnings per share.

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, April 24th. Investors of record on Monday, June 3rd will be given a dividend of $0.71 per share on Thursday, June 27th. This represents a $2.84 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Monday, June 3rd. This is a positive change from the stock's previous quarterly dividend of $0.69.
Read our dividend analysis for PFG
.

Is Principal Financial Group a good dividend stock?

Principal Financial Group (NYSE:PFG) pays an annual dividend of $2.84 per share and currently has a dividend yield of 3.62%. The company has been increasing its dividend for 16 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 54.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFG will have a dividend payout ratio of 33.49% 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 approved a share buyback program on Monday, February 12th 2024, which permits the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 7.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.96%), Capital Research Global Investors (2.82%), Bank of New York Mellon Corp (0.79%), Swiss National Bank (0.30%), Sumitomo Mitsui Trust Holdings Inc. (0.29%) and BNP Paribas Financial Markets (0.14%). Insiders that own company stock include Kenneth A Mccullum, Roberto Walker, Sandra L Helton 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 6/22/2024 by MarketBeat.com Staff

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