Principal Financial Group (NYSE:PFG) Stock Price Expected to Rise, Piper Sandler Analyst Says

Principal Financial Group (NYSE:PFG - Get Free Report) had its target price lifted by research analysts at Piper Sandler from $90.00 to $93.00 in a report released on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's price objective points to a potential upside of 7.25% from the company's previous close.

PFG has been the topic of several other research reports. Wells Fargo & Company cut their target price on Principal Financial Group from $75.00 to $69.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised shares of Principal Financial Group from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $95.00 to $92.00 in a research note on Tuesday, January 7th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $91.00 target price on shares of Principal Financial Group in a report on Thursday, January 16th. Morgan Stanley restated an "underweight" rating and issued a $80.00 price objective (down previously from $86.00) on shares of Principal Financial Group in a research report on Thursday, December 5th. Finally, BMO Capital Markets assumed coverage on Principal Financial Group in a report on Thursday, January 23rd. They set a "market perform" rating and a $93.00 target price on the stock. Four analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $85.54.

Principal Financial Group Trading Up 2.1 %

Shares of Principal Financial Group stock traded up $1.77 on Monday, hitting $86.71. 597,486 shares of the company's stock traded hands, compared to its average volume of 1,481,682. The firm's 50-day moving average price is $80.04 and its two-hundred day moving average price is $82.09. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $19.83 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 0.79 and a beta of 1.22. Principal Financial Group has a one year low of $72.21 and a one year high of $91.97.

Institutional Trading of Principal Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PFG. Curio Wealth LLC acquired a new position in Principal Financial Group during the fourth quarter worth $29,000. Peterson Financial Group Inc. bought a new stake in Principal Financial Group during the 3rd quarter worth about $33,000. BankPlus Trust Department acquired a new position in shares of Principal Financial Group during the 4th quarter worth about $33,000. Covestor Ltd grew its holdings in shares of Principal Financial Group by 144.3% in the 4th quarter. Covestor Ltd now owns 540 shares of the company's stock valued at $42,000 after acquiring an additional 319 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Principal Financial Group in the 3rd quarter valued at about $43,000. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Principal Financial Group Company Profile

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.