Principal Financial Group (NASDAQ:PFG) Stock Price Target Lowered at Keefe, Bruyette & Woods

Posted by on Oct 9th, 2026

Principal Financial Group (NASDAQ:PFG – Get Free Report) had its price target lowered by research analysts at Keefe, Bruyette & Woods from $117.00 to $115.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 7.08% from the stock’s current price.

Several other research firms also recently issued reports on PFG. Atlantic Securities set a $94.00 price objective on shares of Principal Financial Group in a report on Wednesday, July 15th. Morgan Stanley boosted their target price on shares of Principal Financial Group from $107.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. UBS Group upped their price target on shares of Principal Financial Group from $98.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, September 10th. Jefferies Financial Group lifted their price objective on Principal Financial Group from $91.00 to $98.00 and gave the stock a “hold” rating in a report on Friday, July 10th. Finally, Piper Sandler boosted their price objective on Principal Financial Group from $125.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, September 28th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $108.83.

Read Our Latest Analysis on Principal Financial Group

Principal Financial Group Price Performance

Shares of Principal Financial Group stock traded down $2.37 on Friday, reaching $107.40. The company’s stock had a trading volume of 459,494 shares, compared to its average volume of 1,462,363. The company has a market capitalization of $22.99 billion, a P/E ratio of 15.27, a PEG ratio of 0.98 and a beta of 0.86. Principal Financial Group has a 52-week low of $77.90 and a 52-week high of $121.18. The stock has a 50-day moving average price of $113.62 and a 200-day moving average price of $106.71. 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 announced its earnings results on Wednesday, July 29th. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.33 by $0.17. Principal Financial Group had a return on equity of 16.49% and a net margin of 9.93%.The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter last year, the firm posted $2.16 EPS. Analysts expect that Principal Financial Group will post 9.65 EPS for the current year.

Hedge Funds Weigh In On Principal Financial Group

A number of institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. raised its holdings in shares of Principal Financial Group by 12.5% during the 2nd quarter. QRG Capital Management Inc. now owns 5,756 shares of the company’s stock worth $620,000 after acquiring an additional 641 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Principal Financial Group by 8.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,377 shares of the company’s stock valued at $687,000 after purchasing an additional 493 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Principal Financial Group by 15.5% in the second quarter. Envestnet Asset Management Inc. now owns 378,972 shares of the company’s stock valued at $40,846,000 after purchasing an additional 50,877 shares during the period. State Street Corp increased its position in Principal Financial Group by 0.8% during the second quarter. State Street Corp now owns 10,264,856 shares of the company’s stock worth $1,106,346,000 after purchasing an additional 85,014 shares during the last quarter. Finally, Security National Bank of Sioux City Iowa IA acquired a new stake in Principal Financial Group during the second quarter worth about $420,000. Hedge funds and other institutional investors own 75.08% of the company’s stock.

About Principal Financial Group

(Get Free Report)

Principal Financial Group, Inc is a global financial services company headquartered in Des Moines, Iowa. Founded in 1879, the company provides retirement, investment, insurance and financial wellness solutions to individuals, businesses and institutional clients.

Its offerings include employer-sponsored retirement plans, individual retirement accounts, pension and income solutions, group benefits, life insurance and specialty benefits. Through its investment management operations, Principal also provides asset management and related services to retirement plans, institutions and individual investors.

Principal Financial Group serves customers in the United States and selected international markets, including countries in Latin America and Asia.

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Analyst Recommendations for Principal Financial Group (NASDAQ:PFG)

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