Principal Financial Group (NASDAQ:PFG – Get Free Report) had its price target upped by analysts at JPMorgan Chase & Co. from $101.00 to $106.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 2.66% from the stock’s current price.
PFG has been the topic of several other reports. UBS Group lifted their price target on shares of Principal Financial Group from $92.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Barclays increased their price objective on shares of Principal Financial Group from $87.00 to $92.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 7th. Morgan Stanley raised their price objective on Principal Financial Group from $107.00 to $112.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Bank of America reaffirmed an “underperform” rating and issued a $95.00 target price (down from $98.00) on shares of Principal Financial Group in a research report on Wednesday, June 24th. Finally, Wells Fargo & Company increased their price target on Principal Financial Group from $100.00 to $114.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $105.08.
Read Our Latest Report on Principal Financial Group
Principal Financial Group Stock Down 2.8%
Principal Financial Group (NASDAQ:PFG – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.06. Principal Financial Group had a net margin of 10.10% and a return on equity of 16.25%. The business had revenue of $3.53 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the previous year, the firm posted $1.81 earnings per share. Equities research analysts predict that Principal Financial Group will post 9.4 earnings per share for the current year.
Insider Transactions at Principal Financial Group
In other news, General Counsel George Djurasovic sold 2,571 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $100.83, for a total value of $259,233.93. Following the sale, the general counsel directly owned 21,906 shares of the company’s stock, valued at approximately $2,208,781.98. This represents a 10.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Wee Yee Cheong sold 9,183 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $101.26, for a total transaction of $929,870.58. Following the completion of the sale, the insider owned 77,188 shares of the company’s stock, valued at $7,816,056.88. This trade represents a 10.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 28,317 shares of company stock valued at $2,884,902. Insiders own 1.13% of the company’s stock.
Hedge Funds Weigh In On Principal Financial Group
A number of institutional investors have recently bought and sold shares of PFG. DV Equities LLC bought a new position in shares of Principal Financial Group during the 4th quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Principal Financial Group in the 4th quarter valued at $26,000. Hilton Head Capital Partners LLC bought a new stake in Principal Financial Group in the 4th quarter valued at $26,000. Valley Wealth Managers Inc. acquired a new stake in Principal Financial Group during the 1st quarter valued at $27,000. Finally, MBM Wealth Consultants LLC acquired a new stake in Principal Financial Group during the 1st quarter valued at $28,000. Institutional investors and hedge funds own 75.08% of the company’s stock.
About Principal Financial Group
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.
Featured Articles
- Five stocks we like better than Principal Financial Group
- 2 ETFs to Access the World’s Best-Performing Stock Markets In 2026
- IREN’s $2.8 Billion AI Contract Haul Changes the Stock’s Story
- Alphabet Is Planning a New AI Chip. Here’s Why It Matters Ahead of Earnings
- Microsoft’s AI Bet Could Rewrite AMD’s Growth Story
Receive News & Ratings for Principal Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.
