NYSE:PFG - Principal Financial Group Stock Price, News, & Analysis

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$50.79 +1.94 (+3.97 %)
(As of 02/17/2019 03:47 PM ET)
Previous Close$50.79
Today's Range$49.17 - $50.80
52-Week Range$40.42 - $64.73
Volume2.07 million shs
Average Volume1.81 million shs
Market Capitalization$14.38 billion
P/E RatioN/A
Dividend Yield4.42%
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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Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees16,475
Market Cap$14.38 billion
OptionableOptionable

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 announced a quarterly dividend on Tuesday, January 29th. Stockholders of record on Monday, March 4th will be paid a dividend of $0.54 per share on Friday, March 29th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Friday, March 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 stock repurchase program on Tuesday, November 27th 2018, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

How were Principal Financial Group's earnings last quarter?

Principal Financial Group Inc (NYSE:PFG) issued its quarterly earnings results on Tuesday, January, 29th. The financial services provider reported $1.11 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.29 by $0.18. The financial services provider earned $3.88 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the company posted $1.19 EPS. 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, April 25th 2019. View Earnings Estimates for Principal Financial Group.

What price target have analysts set for PFG?

9 equities research analysts have issued 12 month price objectives for Principal Financial Group's stock. Their forecasts range from $45.00 to $68.00. On average, they anticipate Principal Financial Group's stock price to reach $57.8889 in the next twelve months. This suggests a possible upside of 14.0% from the stock's current price. View Analyst Price Targets for Principal Financial Group.

What is the consensus analysts' recommendation for Principal Financial Group?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last year. There are currently 1 sell rating, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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, "Shares of the company have underperformed the industry year to date. Higher leverage inducing increase in interest and dilution from acquisition are headwinds.  Nonetheless, focus on fee-based revenue sources has been helping Principal Financial earn steadily and limiting its exposure to the interest rate environment as well. The company targets an ROE expansion of 30-60 basis points annually and a long-term earnings growth rate between 9% and 12%. Its inorganic growth story is impressive with buyouts fortifying the global footprint and adding fee-based businesses. Its assets under management have also seen a consistent rise. It aims at $0.9-$1.3-billion capital deployment in 2018 and targets to pay 40% of net income as dividend in future." (12/31/2018)
  • 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)

Has Principal Financial Group been receiving favorable news coverage?

News headlines about PFG stock have been trending negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Principal Financial Group earned a daily sentiment score of -2.8 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future.

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 57)
  • Ms. Deanna Dawnette Strable-Soethout, Exec. VP & CFO (Age 50)
  • Ms. Nora Mary Everett, Pres of Retirement & Income Solutions (Age 60)
  • Mr. Luis E. Valdés, Pres & CEO of Principal International, Inc. (Age 61)
  • Mr. Gary P. Scholten, Exec. VP, Chief Information Officer & Chief Digital Officer (Age 61)

Who are Principal Financial Group's major shareholders?

Principal Financial Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.68%), Bank of New York Mellon Corp (2.87%), Northern Trust Corp (1.87%), Geode Capital Management LLC (1.47%), Dimensional Fund Advisors LP (1.40%) and Oregon Public Employees Retirement Fund (0.95%). Company insiders that own Principal Financial Group stock include Amy Christine Friedrich, Daniel Gelatt, Daniel Joseph Houston, Deanna D Strable-Soethout, Gary P Scholten, Gregory Bernard Elming, James P Mccaughan, Julia M Lawler, Karen E Shaff, Luis E Valdes, Nora Mary Everett and Timothy Mark Dunbar. View Institutional Ownership Trends for Principal Financial Group.

Which major investors are selling Principal Financial Group stock?

PFG stock was sold by a variety of institutional investors in the last quarter, including PNC Financial Services Group Inc., First Trust Advisors LP, WBI Investments Inc., Voloridge Investment Management LLC, Ferguson Wellman Capital Management Inc., Bank of America Corp DE, Citizens Financial Group Inc RI and Zurcher Kantonalbank Zurich Cantonalbank. Company insiders that have sold Principal Financial Group company stock in the last year include Amy Christine Friedrich, James P Mccaughan, Julia M Lawler and Luis E Valdes. View Insider Buying and Selling for Principal Financial Group.

Which major investors are buying Principal Financial Group stock?

PFG stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Bank of New York Mellon Corp, Amundi Pioneer Asset Management Inc., Geode Capital Management LLC, Thrivent Financial for Lutherans, Dimensional Fund Advisors LP, Millennium Management LLC and Comerica Bank. 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 $50.79.

How big of a company is Principal Financial Group?

Principal Financial Group has a market capitalization of $14.38 billion. Principal Financial Group employs 16,475 workers across the globe.

What is Principal Financial Group's official website?

The official website for Principal Financial Group is http://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]


MarketBeat Community Rating for Principal Financial Group (NYSE PFG)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  373 (Vote Outperform)
Underperform Votes:  610 (Vote Underperform)
Total Votes:  983
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 2/17/2019 by MarketBeat.com Staff

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