Principal Financial Group, Inc. (NASDAQ:PFG – Free Report) – Equities researchers at DOWLING & PARTN raised their FY2026 earnings per share (EPS) estimates for Principal Financial Group in a note issued to investors on Friday, July 31st. DOWLING & PARTN analyst J. Hurwitz now anticipates that the company will earn $9.55 per share for the year, up from their previous estimate of $9.45. The consensus estimate for Principal Financial Group’s current full-year earnings is $9.51 per share.
Other equities research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods upped their price objective on shares of Principal Financial Group from $102.00 to $112.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. Bank of America lifted their price target on Principal Financial Group from $94.00 to $104.00 and gave the stock an “underperform” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. raised their target price on Principal Financial Group from $106.00 to $107.00 and gave the company a “neutral” rating in a research report on Monday. Piper Sandler increased their price target on shares of Principal Financial Group from $113.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Finally, UBS Group raised 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. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $105.83.
Principal Financial Group Stock Up 1.3%
Shares of NASDAQ:PFG opened at $115.13 on Tuesday. The business’s 50 day moving average is $109.40 and its 200 day moving average is $99.40. Principal Financial Group has a 12-month low of $75.33 and a 12-month high of $115.71. The stock has a market cap of $24.65 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.04 and a beta of 0.87. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.36.
Principal Financial Group (NASDAQ:PFG – Get Free Report) last released its quarterly earnings data on Monday, July 27th. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.33 by $0.17. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.11 billion. Principal Financial Group had a net margin of 9.93% and a return on equity of 16.49%. During the same period last year, the firm earned $2.16 earnings per share.
Principal Financial Group Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 3rd will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, September 3rd. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.82. Principal Financial Group’s payout ratio is 46.59%.
Insider Activity at Principal Financial Group
In related news, insider Wee Yee Cheong sold 7,534 shares of Principal Financial Group stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $103.16, for a total transaction of $777,207.44. Following the completion of the sale, the insider owned 66,443 shares of the company’s stock, valued at approximately $6,854,259.88. This trade represents a 10.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.13% of the stock is owned by company insiders.
Hedge Funds Weigh In On Principal Financial Group
A number of large investors have recently modified their holdings of the company. DV Equities LLC purchased a new position in shares of Principal Financial Group during the fourth quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Principal Financial Group in the fourth quarter valued at approximately $26,000. Hilton Head Capital Partners LLC bought a new position in shares of Principal Financial Group in the fourth quarter worth approximately $26,000. Valley Wealth Managers Inc. purchased a new position in shares of Principal Financial Group in the first quarter worth $27,000. Finally, MBM Wealth Consultants LLC purchased a new position in shares of Principal Financial Group in the first quarter worth $28,000. 75.08% of the stock is owned by hedge funds and other institutional investors.
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.
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