NYSE:PFG

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

$74.51

-0.80 (-1.06%)

(As of 09/22/2023 ET)

Compare

Today's Range: $74.50
▼
$75.53
50-Day Range: $74.51
▼
$79.87
52-Week Range: $65.17
▼
$96.17

Volume: 585,616 shs
Average Volume: 904,867 shs
Market Capitalization: $18.01 billion

P/E Ratio: 11.52
Dividend Yield: 3.49%
Price Target: $76.54

Principal Financial Group MarketRank™ Forecast

Analyst Rating: Reduce
1.58 Rating Score
Upside/Downside: 2.7% Upside
$76.54 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.82
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.15%
From $6.47 to $7.45 Per Share

Overall MarketRank^™

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

2.00 out of 5 stars

Finance Sector

612th out of 786 stocks

Accident & Health Insurance Industry

3rd out of 3 stocks

0.8

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 $76.54, Principal Financial Group has a forecasted upside of 2.7% from its current price of $74.51.
Amount of Analyst Coverage
Principal Financial Group has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

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

2.5

Dividend Strength

Dividend Yield
Principal Financial Group pays a meaningful dividend of 3.45%, higher than the bottom 25% of all stocks that pay dividends.
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 40.19%. 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 34.90% 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.

3.2

News and Social Media Coverage

News Sentiment
Principal Financial Group has a news sentiment score of 0.82. 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 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Principal Financial Group this week, compared to 6 articles on an average week.
Search Interest
Only 1 people have searched for PFG on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.
MarketBeat Follows
5 people have added Principal Financial Group to their MarketBeat watchlist in the last 30 days. This is an increase of 25% compared to the previous 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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Principal Financial Group are expected to grow by 15.15% in the coming year, from $6.47 to $7.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Principal Financial Group is 11.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.15.
Price to Earnings Ratio vs. Sector
The P/E ratio of Principal Financial Group is 11.52, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 73.97.
Price to Earnings Growth Ratio
Principal Financial Group has a PEG Ratio of 1.58. 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 1.80. 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 (NYSE:PFG) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

PFG Stock News Headlines

September 23, 2023 | americanbankingnews.com

Principal Financial Group (NYSE:PFG) and Unum Group (NYSE:UNM) Financial Survey

September 21, 2023 | finance.yahoo.com

The Gender Gap is Still Very Real in Workplace Financial Wellness Programs

September 24, 2023 | Chaikin Analytics (Ad)

Wall Street Legend Warns "Mass Bank Run" is Coming

Man who predicted 2023 bank run warns it could soon get worse. Get out of cash and into a new vehicle 50 years in the making. Click here to learn more.

September 18, 2023 | finance.yahoo.com

How To Use the Arts To Boost Communities

September 17, 2023 | americanbankingnews.com

Principal Financial Group (NYSE:PFG) and Aflac (NYSE:AFL) Head to Head Contrast

September 16, 2023 | americanbankingnews.com

Financial Analysis: Principal Financial Group (NYSE:PFG) and CNO Financial Group (NYSE:CNO)

September 16, 2023 | americanbankingnews.com

Principal Financial Group (NYSE:PFG) PT Lowered to $66.00

September 15, 2023 | americanbankingnews.com

Principal Financial Group (NYSE:PFG) versus Unum Group (NYSE:UNM) Financial Analysis

September 24, 2023 | Legacy Research (Ad)

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September 14, 2023 | finance.yahoo.com

2023 Principal(R) Charity Classic Propels Tournament to More Than $50 Million Raised for Iowa Kids Since 2007

September 14, 2023 | americanbankingnews.com

Critical Contrast: Principal Financial Group (NYSE:PFG) versus Aflac (NYSE:AFL)

September 7, 2023 | finance.yahoo.com

Reasons to Hold Principal Financial (PFG) Stock Right Now

September 6, 2023 | finance.yahoo.com

2023 Principal® Charity Classic Propels Tournament to More Than $50 Million Raised for Iowa Kids Since 2007

September 5, 2023 | finance.yahoo.com

Principal® Hires Industry Veteran George Maris as CIO, Global Head of Equities

September 1, 2023 | marketwatch.com

Principal Financial Group Inc. stock rises Friday, outperforms market

September 1, 2023 | finance.yahoo.com

Principal Financial Group, Inc. (NASDAQ:PFG) Stock Goes Ex-Dividend In Just Four Days

August 25, 2023 | finance.yahoo.com

Principal Financial Group's (NASDAQ:PFG) Shareholders Will Receive A Bigger Dividend Than Last Year

August 24, 2023 | finance.yahoo.com

Principal Financial Group Inc: A Deep Dive into Its Performance Potential

August 24, 2023 | finance.yahoo.com

Deanna Strable to Speak at Barclays Global Financial Services Conference

August 22, 2023 | finance.yahoo.com

Kimberly Etchings: When Risks Lead to Wins

August 22, 2023 | finance.yahoo.com

Principal Financial Group (NASDAQ:PFG) shareholders have earned a 24% CAGR over the last three years

August 20, 2023 | fool.com

Principal Financial Group (NASDAQ: PFG)

August 17, 2023 | msn.com

Principal Financial Group says any recession will be short and shallow

August 14, 2023 | finance.yahoo.com

How a Community Support Program Gave One Business Owner the Boost She Needed

August 11, 2023 | finance.yahoo.com

The Financial Health of People With Disabilities

August 10, 2023 | finance.yahoo.com

Principal(R) Foundation Launches National Short Story Contest as Part of New Initiative to Destigmatize Conversations About Money

August 9, 2023 | finance.yahoo.com

Principal(R) Survey Finds Businesses Are Growing While Employees Are Less Confident

See More Headlines

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PFG Company Calendar

Ex-Dividend for 6/30 Dividend: 5/31/2023
Dividend Payable: 6/30/2023
Last Earnings: 7/27/2023
Ex-Dividend for 9/29 Dividend: 9/06/2023
Today: 9/24/2023
Dividend Payable: 9/29/2023
Next Earnings (Confirmed): 10/26/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $76.54
High Stock Price Forecast: $86.00
Low Stock Price Forecast: $65.00
Forecasted Upside/Downside: +2.7%
Consensus Rating: Reduce
Rating Score (0-4): 1.58
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.47
Trailing P/E Ratio: 11.52
Forward P/E Ratio: 11.52
P/E Growth: 1.58
Net Income: $4.81 billion
Net Margins: 11.52%
Pretax Margin: 13.85%
Return on Equity: 15.85%
Return on Assets: 0.54%

Debt

Debt-to-Equity Ratio: 0.38
Current Ratio: 0.29
Quick Ratio: 0.29

Sales & Book Value

Annual Sales: $17.49 billion
Price / Sales: 1.03
Cash Flow: $9.83 per share
Price / Cash Flow: 7.58
Book Value: $41.31 per share
Price / Book: 1.80

Miscellaneous

Outstanding Shares: 241,710,000
Free Float: 239,757,000
Market Cap: $18.01 billion
Optionable: Optionable
Beta: 1.31

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Key Executives

Mr. Daniel Joseph Houston (Age 61)
Chairman, CEO & Pres
Comp: $4.66M

Ms. Deanna Dawnette Strable-Soethout (Age 54)
Exec. VP & CFO
Comp: $1.89M

Ms. Natalie Lamarque (Age 46)
EVP, Gen. Counsel & Company Sec.
Comp: $1.23M

Mr. Patrick Gregory Halter (Age 63)
Pres & CEO of Principal Asset Management
Comp: $2.67M

Ms. Amy Christine Friedrich (Age 52)
Pres of Benefits & Protection
Comp: $1.53M

Ms. Kathleen B. Kay (Age 60)
Exec. VP & Chief Information Officer

Mr. Humphrey Lee
VP & Head of Investor Relations

Ms. Noreen M. Fierro (Age 58)
Sr. VP and Enterprise Chief Ethics & Compliance Officer

Ms. Bethany A. Wood (Age 59)
Exec. VP & Chief Marketing Officer

Mr. Jon N. Couture (Age 57)
Exec. VP of Principal Global Services & Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PFG Stock - Frequently Asked Questions

Should I buy or sell Principal Financial Group stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last year. There are currently 5 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street 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 forecast for 2023?: 12 analysts have issued 12 month price targets for Principal Financial Group's stock. Their PFG share price forecasts range from $65.00 to $86.00. On average, they expect the company's share price to reach $76.54 in the next year. This suggests a possible upside of 2.7% 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 on January 1st, 2023. Since then, PFG stock has decreased by 11.2% and is now trading at $74.51.
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 Thursday, October 26th 2023.
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, October 27th 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) announced its quarterly earnings results on Thursday, July, 27th. The company reported $1.53 earnings per share for the quarter, missing analysts' consensus estimates of $1.66 by $0.13. The business earned $3.50 billion during the quarter, compared to analysts' expectations of $3.49 billion. Principal Financial Group had a trailing twelve-month return on equity of 15.85% and a net margin of 11.52%.
Read the conference call transcript.
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, July 26th. Investors of record on Thursday, September 7th will be given a dividend of $0.65 per share on Friday, September 29th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Wednesday, September 6th. This is an increase from the stock's previous quarterly dividend of $0.64.
Read our dividend analysis for PFG.
Is Principal Financial Group a good dividend stock?: Principal Financial Group (NYSE:PFG) pays an annual dividend of $2.60 per share and currently has a dividend yield of 3.45%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PFG will have a dividend payout ratio of 34.90% 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).
What is Principal Financial Group's stock symbol?: Principal Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PFG."
Who are Principal Financial Group's major shareholders?: Principal Financial Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.24%), State Street Corp (4.20%), Capital Research Global Investors (3.79%), Geode Capital Management LLC (2.32%), Northern Trust Corp (1.62%) and Dimensional Fund Advisors LP (1.60%). 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.
What is Principal Financial Group's stock price today?: One share of PFG stock can currently be purchased for approximately $74.51.
How much money does Principal Financial Group make?: Principal Financial Group (NYSE:PFG) has a market capitalization of $18.01 billion and generates $17.49 billion in revenue each year. The company earns $4.81 billion in net income (profit) each year or $6.47 on an earnings per share basis.
How many employees does Principal Financial Group have?: The company employs 19,300 workers across the globe.
How can I contact Principal Financial Group?: Principal Financial Group's mailing address is 711 High Street, Des Moines, IA 50392, United States. The official website for the company is www.principal.com. The company can be reached via phone at 515-247-5111, via email at investor-relations@principal.com, or via fax at 302-636-5454.

This page (NYSE:PFG) was last updated on 9/24/2023 by MarketBeat.com Staff

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

Principal Financial Group MarketRank™ Forecast

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 (NYSE:PFG) Stock

PFG Price History

PFG Stock News Headlines

PFG Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PFG Stock - Frequently Asked Questions

Overall MarketRank^™