NYSE:PFG - Principal Financial Group Stock Price, Price Target & More

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$56.05 -0.35 (-0.62 %)
(As of 06/19/2018 01:11 AM ET)
Previous Close$56.40
Today's Range$55.45 - $56.11
52-Week Range$54.88 - $75.58
Volume1.16 million shs
Average Volume1.63 million shs
Market Capitalization$18.16 billion
P/E RatioN/A
Dividend Yield3.70%
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

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 Ratio10.74
P/E Growth1.35

Sales & Book Value

Annual Sales$12.38 billion
Price / Sales1.30
Cash Flow$4.9911 per share
Price / Cash11.23
Book Value$35.78 per share
Price / Book1.57

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 Shares286,390,000

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 declared a quarterly dividend on Thursday, April 26th. Investors of record on Monday, June 4th will be given a dividend of $0.52 per share on Friday, June 29th. This represents a $2.08 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Friday, June 1st. This is a positive change from Principal Financial Group's previous quarterly dividend of $0.51. View Principal Financial Group's Dividend History.

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

Principal Financial Group announced that its Board of Directors has authorized a stock repurchase program on Monday, May 7th 2018, which allows the company to buyback $300,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 1.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

How were Principal Financial Group's earnings last quarter?

Principal Financial Group Inc (NYSE:PFG) posted its quarterly earnings data on Thursday, April, 26th. The financial services provider reported $1.40 EPS for the quarter, topping the Zacks' consensus estimate of $1.35 by $0.05. The financial services provider earned $2.91 billion during the quarter, compared to the consensus estimate of $3.54 billion. Principal Financial Group had a return on equity of 13.55% and a net margin of 12.35%. During the same quarter last year, the company earned $1.27 earnings per share. 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, July, 26th 2018. View Earnings Estimates for Principal Financial Group.

What price target have analysts set for PFG?

10 equities research analysts have issued twelve-month price objectives for Principal Financial Group's stock. Their predictions range from $62.00 to $76.00. On average, they expect Principal Financial Group's share price to reach $69.80 in the next year. 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 a return on equity 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. The company’s assets under management have also been steadily rising. Plus, it sets sights on effective capital deployment to enhance the shareholder value, which is targeted to reach $0.9-$1.3-billion mark in 2018. However, higher leverage inducing increase in interest weighing on margin expansion remains a headwind. Return on equity has been trending down over the past quarters undermining its growth potential. Shares of Principal Financial have underperformed the industry in a year. The stock also witnessed estimates moving down in the last 30 days." (6/6/2018)
  • 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 & Principal Accounting Officer (Age 49)
  • Mr. James Patrick McCaughan, Pres of Global Asset Management & CEO of Principal Global Investors (Age 64)
  • Mr. Luis E. Valdés, Pres of Principal International Inc (Age 60)
  • Mr. Timothy Mark Dunbar, Exec. VP & Chief Investment Officer (Age 60)

Has Principal Financial Group been receiving favorable news coverage?

News coverage about PFG stock has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Principal Financial Group earned a media sentiment score of 0.20 on Accern's scale. They also assigned media stories about the financial services provider an impact score of 46.10 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Who are Principal Financial Group's major shareholders?

Principal Financial Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.91%), Northern Trust Corp (2.09%), Dimensional Fund Advisors LP (1.27%), JPMorgan Chase & Co. (0.62%), Schwab Charles Investment Management Inc. (0.57%) and PNC Financial Services Group Inc. (0.50%). 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 Old Mutual Global Investors UK Ltd., Prudential Financial Inc., American Century Companies Inc., Robeco Institutional Asset Management B.V., Millennium Management LLC, KBC Group NV, Dalton Greiner Hartman Maher & Co. and Swiss National Bank. 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, Gregory Bernard Elming, 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 purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., BNP Paribas Arbitrage SA, MUFG Securities EMEA plc, Algebris UK Ltd, Schwab Charles Investment Management Inc., Natixis, Guggenheim Capital LLC and Schroder Investment Management Group. 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 $56.05.

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.

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 (PFG)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  287 (Vote Outperform)
Underperform Votes:  530 (Vote Underperform)
Total Votes:  817
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 6/19/2018 by MarketBeat.com Staff

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