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

Company Overview

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.

Key Stats

• Today's Range: $74.52 to $77.56
• 50-Day Range: $74.91 to $91.26
• 52-Week Range: $72.21 to $91.97
• Volume: 3.45 million shs
• Average Volume: 1.16 million shs
• Market Capitalization: $17.68 billion
• P/E Ratio: N/A
• Dividend Yield: 3.78%
• Price Target: $84.75
• Consensus Rating: Reduce

Principal Financial Group Stock Analysis - MarketRank™

Principal Financial Group scored higher than 71% of companies evaluated by MarketBeat, and ranked 388th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Reduce

Consensus Rating

Principal Financial Group has received a consensus rating of Reduce. The company's average rating score is 1.92, and is based on 1 buy rating, 6 hold ratings, and 4 sell ratings.

Amount of Analyst Coverage

Principal Financial Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 19.06%

Earnings Growth

Earnings for Principal Financial Group are expected to grow by 19.06% in the coming year, from $7.03 to $8.37 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Principal Financial Group is -85.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Principal Financial Group is -85.89, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Principal Financial Group has a PEG Ratio of 0.92. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Principal Financial Group has a P/B Ratio of 1.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PFG.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Leadership

Principal Financial Group is a leading dividend payer. It pays a dividend yield of 3.90%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Principal Financial Group has been increasing its dividend for 16 years.

Dividend Sustainability

Based on earnings estimates, Principal Financial Group will have a dividend payout ratio of 34.89% next year. This indicates that Principal Financial Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PFG.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.76

News Sentiment

Principal Financial Group has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Principal Financial Group this week, compared to 8 articles on an average week.

Search Interest

Only 1 people have searched for PFG on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

7 people have added Principal Financial Group to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Principal Financial Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.06% of the stock of Principal Financial Group is held by insiders.

Percentage Held by Institutions

75.08% of the stock of Principal Financial Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PFG Stock Analysis - Frequently Asked Questions

How have PFG shares performed this year?

Principal Financial Group's stock was trading at $78.67 on January 1st, 2024. Since then, PFG shares have decreased by 1.7% and is now trading at $77.30.
View the best growth stocks for 2024 here.

How were Principal Financial Group's earnings last quarter?

Principal Financial Group, Inc. (NYSE:PFG) announced its quarterly earnings results on Thursday, October, 24th. The company reported $1.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.02 by $0.26. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.92 billion. Principal Financial Group had a negative net margin of 1.47% and a positive trailing twelve-month return on equity of 14.67%.

Is Principal Financial Group buying back stock?

Principal Financial Group's Board of Directors approved a stock buyback program on Monday, February 12th 2024, which authorizes the company to repurchase $1,500,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 7.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Who are Principal Financial Group's major shareholders?

Principal Financial Group's top institutional investors include State Street Corp (4.17%), Geode Capital Management LLC (2.37%), Wellington Management Group LLP (1.91%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (0.73%). Insiders that own company stock include Wee Yee Cheong and Kenneth A Mccullum.
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.

What other stocks do shareholders of Principal Financial Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Principal Financial Group investors own include Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM), Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Home Depot (HD) and Chevron (CVX).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/05/2024
• Dividend Payable: 9/27/2024
• Last Earnings: 10/24/2024
• Ex-Dividend for 12/18 Dividend: 12/02/2024
• Dividend Payable: 12/18/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Accident & health insurance
• Sub-Industry: Insurance
• Current Symbol: NYSE:PFG
• CUSIP: N/A
• CIK: 1126328
• Web: www.principal.com
• Phone: 515-247-5111
• Fax: 302-636-5454
• Employees: 19,800
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $84.75
• High Stock Price Target: $99.00
• Low Stock Price Target: $70.00
• Potential Upside/Downside: +9.6%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.92
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.90)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 11.00
• P/E Growth: 0.92
• Net Income: $623.20 million
• Net Margins: -1.47%
• Pretax Margin: -2.35%
• Return on Equity: 14.67%
• Return on Assets: 0.52%

Debt

• Debt-to-Equity Ratio: 0.35
• Current Ratio: 0.30
• Quick Ratio: 0.30

Sales & Book Value

• Annual Sales: $14.07 billion
• Price / Sales: 1.26
• Cash Flow: $7.78 per share
• Price / Cash Flow: 9.94
• Book Value: $45.98 per share
• Price / Book: 1.68

Miscellaneous

• Outstanding Shares: 228,726,000
• Free Float: 226,302,000
• Market Cap: $17.68 billion
• Optionable: Optionable
• Beta: 1.20