S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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Critical asset just had biggest fall on record (Ad)
Mistrial declared in Delaware lawsuit blaming landscaper's cancer on use of Roundup weedkiller
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Critical asset just had biggest fall on record (Ad)
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Georgia's largest county is still repairing damage from January cyberattack
Critical asset just had biggest fall on record (Ad)
Mistrial declared in Delaware lawsuit blaming landscaper's cancer on use of Roundup weedkiller
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Critical asset just had biggest fall on record (Ad)
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Georgia's largest county is still repairing damage from January cyberattack
Critical asset just had biggest fall on record (Ad)
Mistrial declared in Delaware lawsuit blaming landscaper's cancer on use of Roundup weedkiller
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Critical asset just had biggest fall on record (Ad)
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
Georgia's largest county is still repairing damage from January cyberattack
Critical asset just had biggest fall on record (Ad)
Mistrial declared in Delaware lawsuit blaming landscaper's cancer on use of Roundup weedkiller
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US

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

$80.05
-0.81 (-1.00%)
(As of 03/1/2024 ET)
Today's Range
$79.78
$80.80
50-Day Range
$77.20
$80.94
52-Week Range
$65.17
$89.15
Volume
1.14 million shs
Average Volume
1.14 million shs
Market Capitalization
$18.88 billion
P/E Ratio
32.67
Dividend Yield
3.35%
Price Target
$76.18

Principal Financial Group MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
4.8% Downside
$76.18 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.60mentions of Principal Financial Group in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.06%
From $7.62 to $8.31 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.

1.98 out of 5 stars

Finance Sector

665th out of 866 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

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
PFG Mar 2024 90.000 call
13 Countries with Easy Citizenship for Retirement
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Principal Financial price target raised by $2 at BofA, here's why
China Outlook: Market Rescue Welcomed, But More Needed
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
3/02/2024
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
19,800
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
-4.8%
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
$7.86 per share
Book Value
$46.47 per share

Miscellaneous

Free Float
233,957,000
Market Cap
$18.88 billion
Optionable
Optionable
Beta
1.24
12 Stocks Corporate Insiders are Abandoning Cover

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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)
    Executive VP, General Counsel & Company Secretary
    Comp: $1.23M
  • Mr. Patrick Gregory Halter (Age 64)
    Interim Division President of Principal Asset Management
    Comp: $2.67M
  • Ms. Amy Christine Friedrich (Age 53)
    President of Benefits & Protection
    Comp: $905.58k
  • Mr. Christopher James Littlefield (Age 57)
    President of Retirement & Income Solutions
    Comp: $881.07k
  • Ms. Teresa A. Hassara (Age 60)
    Senior Vice President of Workplace Savings & Retirement Solutions
    Comp: $986.42k
  • 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

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 27, 2024 at 4:00 PM.

Pros

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

  • Principal Financial Group has a market capitalization of $19.14 billion, indicating a strong financial standing in the market.
  • The company operates through various segments, including Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions, providing diversified revenue streams.
  • Recent large investments by institutional investors like Robinson Smith Wealth Advisors LLC and Bank of Nova Scotia demonstrate confidence in the company's growth potential.
  • Positive analyst ratings and target price increases from firms like Morgan Stanley and Royal Bank of Canada suggest a favorable outlook for the stock.
  • The stock has a relatively low P/E ratio of 13.00, potentially indicating an undervalued investment opportunity.

Cons

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

  • The company's debt-to-equity ratio of 0.37 may raise concerns about its leverage and financial risk.
  • Despite recent institutional investments, Korea Investment CORP reduced its stake in the company by 54.2% in the third quarter, signaling some investor caution.
  • While the stock has seen positive analyst ratings, there are also sell ratings on the stock, indicating mixed opinions on its future performance.
  • The company's quick ratio and current ratio of 0.31 each may suggest potential liquidity challenges in the short term.
  • The stock's beta of 1.25 indicates higher volatility compared to the market average, which may not be suitable for all investors seeking stability.














PFG Stock Analysis - Frequently Asked Questions

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

10 Wall Street 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 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 analysts have issued 1 year price objectives for Principal Financial Group's shares. Their PFG share price targets range from $62.00 to $85.00. On average, they expect the company's share price to reach $76.18 in the next year. This suggests that the stock has a possible downside of 4.8%.
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 shares have increased by 1.8% and is now trading at $80.05.
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) posted its earnings results on Monday, February, 12th. The company reported $1.83 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.13. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $3.53 billion. Principal Financial Group had a trailing twelve-month return on equity of 15.14% and a net margin of 4.56%. During the same quarter in the prior year, the company posted $1.70 EPS.

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. Investors 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 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Monday, March 11th. This is a boost 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 3.31%. 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 32.25% 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 has approved a stock repurchase program on Monday, February 12th 2024, which authorizes the company to repurchase $1,500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

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

Principal Financial Group issued an update on its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share guidance of 7.140-7.340 for the period, compared to the consensus earnings per share 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 a variety of 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 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 3/2/2024 by MarketBeat.com Staff

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