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NYSE:PFG

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

$79.35
+0.87 (+1.11%)
(As of 12:37 PM ET)
Today's Range
$78.81
$79.80
50-Day Range
$77.76
$86.31
52-Week Range
$65.17
$86.79
Volume
197,415 shs
Average Volume
1.13 million shs
Market Capitalization
$18.66 billion
P/E Ratio
32.39
Dividend Yield
3.48%
Price Target
$80.64

Principal Financial Group MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.82 Rating Score
Upside/​Downside
3.3% Upside
$80.64 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.67mentions of Principal Financial Group in the last 14 days
Based on 15 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.07%
From $7.59 to $8.43 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.71 out of 5 stars

Finance Sector

575th out of 839 stocks

Accident & Health Insurance Industry

4th out of 4 stocks

PFG stock logo

About Principal Financial Group Stock (NYSE:PFG)

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.

PFG Stock Price History

PFG Stock News Headlines

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Biden’s $374B Giveaway Into This Sector
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Principal Financial Group Inc
PFG Mar 2024 90.000 call
See More Headlines
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Company Calendar

Last Earnings
2/12/2024
Ex-Dividend for 3/28 Dividend
3/11/2024
Dividend Payable
3/28/2024
Today
4/18/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Accident & health insurance
Sub-Industry
N/A
Employees
19,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$80.64
High Stock Price Target
$91.00
Low Stock Price Target
$62.00
Potential Upside/Downside
+1.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.82
Research Coverage
11 Analysts

Profitability

Net Income
$623.20 million
Pretax Margin
5.41%

Debt

Sales & Book Value

Annual Sales
$13.67 billion
Cash Flow
$8.05 per share
Book Value
$45.98 per share

Miscellaneous

Free Float
233,245,000
Market Cap
$18.67 billion
Optionable
Optionable
Beta
1.25
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Key Executives

  • Mr. Daniel Joseph Houston (Age 62)
    Chairman, CEO & President
    Comp: $4.69M
  • Ms. Deanna Dawnette Strable-Soethout (Age 55)
    Executive VP & CFO
    Comp: $2.08M
  • Ms. Amy Christine Friedrich (Age 53)
    President of Benefits & Protection
    Comp: $1.97M
  • Mr. Vivek Agrawal
    Executive VP, Chief Growth Officer & Senior Advisor
  • Ms. Kathleen B. Kay (Age 61)
    Executive VP & Chief Information Officer
  • Mr. Humphrey Lee
    VP & Head of Investor Relations
  • Ms. Noreen M. Fierro (Age 59)
    Senior VP and Enterprise Chief Ethics & Compliance Officer
  • Ms. Natalie Lamarque (Age 47)
    Executive VP, General Counsel & Company Secretary
    Comp: $1.23M
  • Ms. Bethany A. Wood (Age 59)
    Executive VP & Chief Marketing Officer
  • Mr. Jon N. Couture (Age 58)
    Executive VP of Principal Global Services & Chief Human Resources Officer

Should I Buy Principal Financial Group Stock? PFG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Principal Financial Group, Inc.:

  • Principal Financial Group reported strong earnings per share of $1.83 for the last quarter, beating the consensus estimate, indicating financial stability and growth potential.
  • The company announced a stock buyback plan of $1.50 billion, signaling confidence in its own value and potentially boosting shareholder returns.
  • Principal Financial Group increased its dividend to $0.69 per share, demonstrating a commitment to rewarding shareholders and providing income stability.
  • Analysts have set positive price targets for the company, with several firms raising their estimates, suggesting a favorable outlook for the stock.
  • The company operates in various segments, including retirement, asset management, and insurance, providing diversified revenue streams and reducing risk exposure.

Cons

Investors should be bearish about investing in Principal Financial Group, Inc. for these reasons:

  • Principal Financial Group's revenue for the last quarter fell short of consensus estimates, indicating potential challenges in revenue generation.
  • The company's payout ratio is currently high at 112.65%, which may raise concerns about sustainability of dividend payments and future growth investments.
  • While the stock buyback plan may signal undervaluation, it could also reflect a lack of more lucrative investment opportunities within the company.
  • Some analysts have issued sell ratings for the stock, suggesting potential risks or concerns in the company's performance or market conditions.
  • The company's net margin of 4.56% may be considered low compared to industry peers, potentially indicating lower profitability or efficiency.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Principal Financial Group pros and cons to contact@marketbeat.com.

PFG Stock Analysis - Frequently Asked Questions

Should I buy or sell Principal Financial Group stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Principal Financial Group in the last year. There are currently 2 sell ratings and 9 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" PFG shares.
View PFG analyst ratings
or view top-rated stocks.

What is Principal Financial Group's stock price target for 2024?

11 analysts have issued twelve-month price targets for Principal Financial Group's stock. Their PFG share price targets range from $62.00 to $91.00. On average, they anticipate the company's share price to reach $80.64 in the next year. This suggests a possible upside of 3.3% from the stock's current price.
View analysts price targets for PFG
or view top-rated stocks among Wall Street analysts.

How have PFG shares performed in 2024?

Principal Financial Group's stock was trading at $78.67 at the beginning of the year. Since then, PFG stock has decreased by 0.7% and is now trading at $78.08.
View the best growth stocks for 2024 here
.

When is Principal Financial Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our PFG earnings forecast
.

How can I listen to Principal Financial Group's earnings call?

Principal Financial Group will be holding an earnings conference call on Friday, April 26th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Principal Financial Group's earnings last quarter?

Principal Financial Group, Inc. (NYSE:PFG) released its earnings results on Monday, February, 12th. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.13. The business earned $2.69 billion during the quarter, compared to the consensus estimate of $3.53 billion. Principal Financial Group had a trailing twelve-month return on equity of 15.14% and a net margin of 4.56%. During the same period last year, the business earned $1.70 earnings per share.

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 Friday, February 9th. Investors of record on Tuesday, March 12th will be given a dividend of $0.69 per share on Thursday, March 28th. This represents a $2.76 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Monday, March 11th. This is an increase from the stock's previous quarterly dividend of $0.67.
Read our dividend analysis for PFG
.

Is Principal Financial Group a good dividend stock?

Principal Financial Group (NYSE:PFG) pays an annual dividend of $2.76 per share and currently has a dividend yield of 3.53%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 112.65%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PFG will have a dividend payout ratio of 32.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PFG.

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

Principal Financial Group announced that its Board of Directors has approved a stock repurchase program on Monday, February 12th 2024, which allows the company to buyback $1,500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 7.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its stock is undervalued.

What guidance has Principal Financial Group issued on next quarter's earnings?

Principal Financial Group issued an update on its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share guidance of 7.140-7.340 for the period, compared to the consensus EPS estimate of 7.510. The company issued revenue guidance of -.

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

Who are Principal Financial Group's major shareholders?

Principal Financial Group's stock is owned by many different institutional and retail investors. Top institutional investors include AMF Tjanstepension AB (0.13%), Sound Income Strategies LLC (0.08%), CHURCHILL MANAGEMENT Corp (0.04%), Unison Advisors LLC (0.02%), Wealth Enhancement Advisory Services LLC (0.02%) and Czech National Bank (0.02%). Insiders that own company stock include Deanna D Strable-Soethout, Elizabeth E Tallett, Kenneth A Mccullum, Roberto Walker, Sandra L Helton and Wee Yee Cheong.
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.

This page (NYSE:PFG) was last updated on 4/18/2024 by MarketBeat.com Staff

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