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NYSE:PFG

Principal Financial Group Stock Forecast, Price & News

$51.40
-0.60 (-1.15 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$51.40
Now: $51.40
$52.19
50-Day Range
$38.25
MA: $43.96
$52.60
52-Week Range
$23.31
Now: $51.40
$57.16
Volume602,677 shs
Average Volume1.67 million shs
Market Capitalization$14.12 billion
P/E RatioN/A
Dividend Yield4.31%
BetaN/A
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 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 pension risk transfer 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, Mexico, China, Hong Kong Special Administrative Region, India, 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.
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Principal Financial Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.52 out of 5 stars


Industry, Sector and Symbol

Industry Investment Brokerage - National
Sub-IndustryLife & Health Insurance
SectorFinance
CUSIP74251V10
Phone+1-515-2475111
Employees17,601

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Market Cap$14.12 billion
Next Earnings Date1/26/2021 (Estimated)
OptionableOptionable
$51.40
-0.60 (-1.15 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Principal Financial Group (NYSE:PFG) Frequently Asked Questions

How has Principal Financial Group's stock price been impacted by COVID-19 (Coronavirus)?

Principal Financial Group's stock was trading at $35.92 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PFG shares have increased by 43.1% and is now trading at $51.40.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Principal Financial Group?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Principal Financial Group
.

What stocks does MarketBeat like better than Principal Financial Group?

Wall Street analysts have given Principal Financial Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Principal Financial Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Principal Financial Group's next earnings date?

Principal Financial Group is scheduled to release its next quarterly earnings announcement on Tuesday, January 26th 2021.
View our earnings forecast for Principal Financial Group
.

How were Principal Financial Group's earnings last quarter?

Principal Financial Group, Inc. (NYSE:PFG) issued its quarterly earnings data on Saturday, October, 31st. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.39 by $0.54. During the same period last year, the company earned $1.23 earnings per share.
View Principal Financial Group's earnings history
.

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 Monday, October 26th. Investors of record on Wednesday, December 2nd will be paid a dividend of $0.56 per share on Monday, December 21st. This represents a $2.24 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Tuesday, December 1st.
View Principal Financial Group's dividend history
.

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

Principal Financial Group declared that its board has initiated a share buyback program on Tuesday, February 25th 2020, which permits the company to repurchase $900,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

What price target have analysts set for PFG?

8 brokers have issued twelve-month target prices for Principal Financial Group's shares. Their forecasts range from $38.00 to $55.00. On average, they expect Principal Financial Group's stock price to reach $47.43 in the next year. This suggests that the stock has a possible downside of 7.7%.
View analysts' price targets for Principal Financial Group
.

Who are some of Principal Financial Group's key competitors?

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), The Home Depot (HD), JPMorgan Chase & Co. (JPM), International Business Machines (IBM) and Cisco Systems (CSCO).

Who are Principal Financial Group's key executives?

Principal Financial Group's management team includes the following people:
  • Mr. Daniel Joseph Houston, Chairman, CEO & Pres (Age 58, Pay $4.5M)
  • Ms. Deanna Dawnette Strable-Soethout, Exec. VP & CFO (Age 51, Pay $1.67M)
  • Mr. Luis Eduardo Valdés, Pres & CEO of Principal International, Inc. (Age 62, Pay $1.33M)
  • Mr. Timothy Mark Dunbar, Pres of Principal Global Asset Management Bus. (Age 62, Pay $3.14M)
  • Mr. Patrick Gregory Halter, CEO & Pres of Principal Global Investors (Age 60, Pay $2.66M)
  • Ms. Kathleen B. Kay, Sr. VP & Chief Information Officer
  • Mr. John Egan, VP of Investor Relations (Age 58)
  • Ms. Elizabeth B. Happe, Sr. VP & Chief Compliance Officer
  • Mr. Christopher James Littlefield, Exec. VP, Gen. Counsel & Sec. (Age 53)
  • Ms. Beth Wood, Sr. VP & Chief Marketing Officer

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.34%), State Street Corp (4.50%), Charles Schwab Investment Management Inc. (1.20%), Arrowstreet Capital Limited Partnership (0.97%), Prudential PLC (0.67%) and Morgan Stanley (0.52%). Company insiders that own Principal Financial Group stock include Amy Christine Friedrich, Daniel Gelatt, Julia M Lawler and Luis E Valdes.
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 Acadian Asset Management LLC, State Street Corp, Prudential PLC, AJO LP, Allianz Asset Management GmbH, Prana Capital Management LP, JPMorgan Chase & Co., and Wedge Capital Management L L P NC.
View insider buying and selling activity for Principal Financial Group
.

Which institutional investors are buying Principal Financial Group stock?

PFG stock was bought by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Skandinaviska Enskilda Banken AB publ, Robeco Institutional Asset Management B.V., Morgan Stanley, KBC Group NV, Charles Schwab Investment Management Inc., State of Tennessee Treasury Department, and UBS Asset Management Americas Inc..
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Principal Financial Group's stock price today?

One share of PFG stock can currently be purchased for approximately $51.40.

How big of a company is Principal Financial Group?

Principal Financial Group has a market capitalization of $14.12 billion. Principal Financial Group employs 17,601 workers across the globe.

What is Principal Financial Group's official website?

The official website for Principal Financial Group is www.principal.com.

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]

This page was last updated on 11/28/2020 by MarketBeat.com Staff

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