Principal Financial Group, Inc. (NASDAQ:PFG) Receives Average Rating of “Hold” from Analysts

Principal Financial Group, Inc. (NASDAQ:PFGGet Free Report) has received an average rating of “Hold” from the thirteen research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $108.8333.

PFG has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Principal Financial Group in a research report on Thursday, September 3rd. Raymond James Financial restated an “outperform” rating and set a $121.00 price objective on shares of Principal Financial Group in a research report on Monday, August 17th. Piper Sandler raised their target price on Principal Financial Group from $113.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 24th. Citigroup downgraded shares of Principal Financial Group from a “sell” rating to an “underperform” rating in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company lowered their price target on shares of Principal Financial Group from $114.00 to $113.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd.

Check Out Our Latest Research Report on PFG

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PFG. Ancora Advisors LLC bought a new stake in shares of Principal Financial Group in the 2nd quarter valued at approximately $27,000. Hilton Head Capital Partners LLC bought a new position in shares of Principal Financial Group during the 4th quarter worth approximately $26,000. Valley Wealth Managers Inc. acquired a new stake in Principal Financial Group in the 1st quarter valued at $27,000. MBM Wealth Consultants LLC acquired a new stake in Principal Financial Group in the 1st quarter valued at $28,000. Finally, Bell Investment Advisors Inc acquired a new stake in Principal Financial Group in the 2nd quarter valued at $38,000. Institutional investors own 75.08% of the company’s stock.

Principal Financial Group Price Performance

Shares of Principal Financial Group stock opened at $116.64 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $24.97 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.07 and a beta of 0.86. The firm has a fifty day moving average price of $113.20 and a two-hundred day moving average price of $104.07. Principal Financial Group has a fifty-two week low of $77.90 and a fifty-two week high of $121.18.

Principal Financial Group (NASDAQ:PFGGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.17. Principal Financial Group had a net margin of 9.93% and a return on equity of 16.49%. The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the firm posted $2.16 EPS. Analysts expect that Principal Financial Group will post 9.62 EPS for the current year.

Principal Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.84 per share. This is an increase from Principal Financial Group’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, September 3rd. This represents a $3.36 annualized dividend and a dividend yield of 2.9%. Principal Financial Group’s dividend payout ratio (DPR) is presently 47.73%.

Principal Financial Group Company Profile

(Get Free Report)

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

Principal offers employer-sponsored retirement plans, including defined contribution and defined benefit programs, as well as pension risk transfer solutions. Its insurance products and services include group benefits, individual life insurance and disability insurance.

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Analyst Recommendations for Principal Financial Group (NASDAQ:PFG)

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