Free Trial
NYSE:PFG

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

Principal Financial Group logo
$78.96 +0.05 (+0.06%)
(As of 01:22 PM ET)

About Principal Financial Group Stock (NYSE:PFG)

Key Stats

Today's Range
$78.17
$79.17
50-Day Range
$78.91
$91.26
52-Week Range
$72.21
$91.97
Volume
392,314 shs
Average Volume
1.14 million shs
Market Capitalization
$18.06 billion
P/E Ratio
N/A
Dividend Yield
3.70%
Price Target
$84.75
Consensus Rating
Reduce

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.

Principal Financial Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
79th Percentile Overall Score

PFG MarketRank™: 

Principal Financial Group scored higher than 79% of companies evaluated by MarketBeat, and ranked 308th out of 946 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Principal Financial Group has received a consensus rating of Reduce. The company's average rating score is 1.83, and is based on no buy ratings, 7 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.

  • Read more about Principal Financial Group's stock forecast and price target.
  • 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 -87.59, 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 -87.59, 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 1.71. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for PFG.
  • Dividend Leadership

    Principal Financial Group is a leading dividend payer. It pays a dividend yield of 3.70%, 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.

  • Read more about Principal Financial Group's dividend.
  • Short Interest

    There is no current short interest data available for PFG.
  • News Sentiment

    Principal Financial Group has a news sentiment score of 1.28. 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 is a higher news sentiment than the 0.84 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for Principal Financial Group this week, compared to 8 articles on an average week.
  • MarketBeat Follows

    6 people have added Principal Financial Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • 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.

  • Read more about Principal Financial Group's insider trading history.
Receive PFG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Principal Financial Group and its competitors with MarketBeat's FREE daily newsletter.

PFG Stock News Headlines

Wall Street Icon: “You must get on the right side of this thing”
I created one of the first quantitative analysis-based stock picking systems long before "quants" became a thing on Wall Street… leading Forbes to call me "King of the Quants." I'm writing to you today because my system has recently uncovered a market phenomenon I haven't seen in 30 years.
See More Headlines

PFG Stock Analysis - Frequently Asked Questions

Principal Financial Group's stock was trading at $78.67 on January 1st, 2024. Since then, PFG stock has increased by 0.2% and is now trading at $78.83.
View the best growth stocks for 2024 here
.

Principal Financial Group, Inc. (NYSE:PFG) announced its 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 earned $3.01 billion during the quarter, compared to analyst estimates of $3.92 billion. Principal Financial Group had a positive trailing twelve-month return on equity of 14.67% and a negative net margin of 1.47%.

Principal Financial Group's Board of Directors approved a share buyback program on Monday, February 12th 2024, which allows the company to buy back $1,500,000,000 in shares, according to EventVestor. This means that the company could purchase up to 7.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Top institutional shareholders of Principal Financial Group 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
.

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.

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
Today
12/16/2024
Dividend Payable
12/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Accident & health insurance
Sub-Industry
Insurance
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
+7.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.83
Research Coverage
12 Analysts

Profitability

Net Income
$623.20 million
Pretax Margin
-2.35%

Debt

Sales & Book Value

Annual Sales
$13.67 billion
Cash Flow
$7.94 per share
Book Value
$45.98 per share

Miscellaneous

Free Float
226,302,000
Market Cap
$18.05 billion
Optionable
Optionable
Beta
1.20
7 Stocks to Own Before the 2024 Election Cover

Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.

Get This Free Report

This page (NYSE:PFG) was last updated on 12/16/2024 by MarketBeat.com Staff
From Our Partners