Principal Financial Group (NASDAQ:PFG) Receives “Underperform” Rating from Bank of America

Posted by Brenda Bartman on Jun 24th, 2026

Principal Financial Group (NASDAQ:PFG – Get Free Report)‘s stock had its “underperform” rating restated by equities researchers at Bank of America in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $95.00 price objective on the stock, down from their previous price objective of $98.00. Bank of America‘s price target points to a potential downside of 15.45% from the stock’s previous close.

PFG has been the topic of several other research reports. Barclays raised their price target on Principal Financial Group from $85.00 to $87.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Weiss Ratings lowered shares of Principal Financial Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. UBS Group boosted their price target on shares of Principal Financial Group from $92.00 to $94.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Wells Fargo & Company decreased their price target on shares of Principal Financial Group from $91.00 to $87.00 and set an “equal weight” rating on the stock in a report on Friday, April 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $92.00 price objective on shares of Principal Financial Group in a research report on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $98.40.

Read Our Latest Stock Analysis on Principal Financial Group

Principal Financial Group Stock Up 1.0%

Shares of NASDAQ:PFG opened at $112.36 on Wednesday. The firm has a fifty day moving average price of $102.62 and a two-hundred day moving average price of $94.97. The company has a market cap of $24.27 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.05 and a beta of 0.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.27 and a quick ratio of 0.27. Principal Financial Group has a one year low of $75.00 and a one year high of $112.45.

Principal Financial Group (NASDAQ:PFG – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.06. The firm had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Principal Financial Group had a net margin of 10.10% and a return on equity of 16.25%. During the same quarter in the prior year, the firm posted $1.81 earnings per share. Analysts anticipate that Principal Financial Group will post 9.36 EPS for the current fiscal year.

Insider Buying and Selling at Principal Financial Group

In related news, insider Wee Yee Cheong sold 9,183 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $101.26, for a total transaction of $929,870.58. Following the completion of the sale, the insider directly owned 77,188 shares in the company, valued at $7,816,056.88. This represents a 10.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel George Djurasovic sold 2,571 shares of Principal Financial Group stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $100.83, for a total value of $259,233.93. Following the completion of the transaction, the general counsel directly owned 21,906 shares in the company, valued at $2,208,781.98. This trade represents a 10.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 28,317 shares of company stock worth $2,884,902. 1.13% of the stock is owned by insiders.

Institutional Trading of Principal Financial Group

A number of institutional investors have recently made changes to their positions in PFG. FAS Wealth Partners Inc. increased its stake in shares of Principal Financial Group by 4.9% in the first quarter. FAS Wealth Partners Inc. now owns 38,722 shares of the company’s stock worth $3,489,000 after buying an additional 1,812 shares during the period. NewEdge Advisors LLC boosted its position in Principal Financial Group by 3.2% during the 1st quarter. NewEdge Advisors LLC now owns 12,439 shares of the company’s stock valued at $1,121,000 after buying an additional 384 shares during the period. First Nebraska Trust Co purchased a new stake in Principal Financial Group during the 1st quarter valued at $223,000. Groupe la Francaise boosted its position in Principal Financial Group by 8.2% during the 1st quarter. Groupe la Francaise now owns 48,995 shares of the company’s stock valued at $4,415,000 after buying an additional 3,716 shares during the period. Finally, Western Wealth Management LLC bought a new stake in Principal Financial Group in the 1st quarter worth $40,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.

Principal Financial Group Company Profile

(Get Free Report)

Principal Financial Group (NASDAQ: PFG) is a global financial services company headquartered in Des Moines, Iowa, that provides a range of retirement, investment and insurance solutions to individuals, employers and institutional clients. The firm’s business is organized around retirement services, asset management, and insurance products designed to help clients plan, invest for, and protect income over the long term.

Principal’s product and service offerings include retirement plan recordkeeping and administration for employer-sponsored plans, individual and group retirement annuities, life and disability insurance, employee benefits solutions, and wealth management services.