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Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Economists predict US inflation will keep cooling and the economy can avoid a recession
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Economists predict US inflation will keep cooling and the economy can avoid a recession
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Economists predict US inflation will keep cooling and the economy can avoid a recession
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Economists predict US inflation will keep cooling and the economy can avoid a recession
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt

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
1.08mentions of Principal Financial Group in the last 14 days
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


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

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
3 Principal Financial Group Mutual Funds for Solid Returns
Q3 2023 Principal Financial Group Inc Earnings Call
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Redefining Retirement as Peak 65 Approaches
Natalie Lamarque: Learning To Harness Fear
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

Industry, Sector and Symbol

Industry
Accident & health insurance
Sub-Industry
N/A
Sector
Finance
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

Net Income
$4.81 billion
Pretax Margin
13.60%

Debt

Sales & Book Value

Annual Sales
$17.49 billion
Cash Flow
$9.94 per share
Book Value
$44.98 per share

Miscellaneous

Free Float
236,481,000
Market Cap
$17.77 billion
Optionable
Optionable
Beta
1.26
Beginners Guide To Retirement Stocks Cover

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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

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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