Principal Financial Group Inc. (PFG)
Reasons Why Investors Should Retain Principal Financial (PFG)
Principal Financial (PFG) remains poised to gain from favorable claims and disciplined expense management, positive net cash flow, growth in business and a solid capital position.
Why Principal Financial (PFG) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Principal Financial (PFG) have what it takes?
SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Principal Financial Group, Inc. (NASDAQ: PFG) and Encourages Investors to Contact the Firm
PHILADELPHIA, PA / ACCESSWIRE / June 11, 2024 / Kaskela Law LLC announces that it is investigating Principal Financial Group, Inc. (NASDAQ:PFG) ("Principal Financial") on behalf of the company's stockholders. The investigation seeks to determine whether Principal Financial and/or the company's officers and directors violated the securities laws or breached their fiduciary duties to the company's investors in connection with recent corporate actions.
Principal Financial (PFG) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Principal Financial (PFG) have what it takes?
Why You Should Stay Invested in Principal Financial (PFG)
Principal Financial (PFG) is well-poised to grow on favorable claims and disciplined expense management, positive net cash flow, growth in business and a solid capital position.
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Principal Financial (PFG) have what it takes?
Principal Financial Group, Inc. (NYSE:PFG) Forecasted to Earn Q2 2024 Earnings of $1.83 Per Share
Principal Financial Group, Inc. (NYSE:PFG – Free Report) – Equities research analysts at Zacks Research dropped their Q2 2024 earnings per share estimates for shares of Principal Financial Group in a research note issued on Thursday, May 16th. Zacks Research analyst R. Department now anticipates that the company will earn $1.83 per share for the quarter, down from their previous forecast of $1.90. The consensus estimate for Principal Financial Group’s current full-year earnings is $7.50 per share. Zacks Research also issued estimates for Principal Financial Group’s Q3 2024 earnings at $1.95 EPS, Q4 2024 earnings at $1.93 EPS, FY2024 earnings at $7.37 EPS, Q1 2025 earnings at $1.99 EPS, Q2 2025 earnings at $2.01 EPS, Q3 2025 earnings at $2.09 EPS, Q4 2025 earnings at $2.19 EPS and Q1 2026 earnings at $2.16 EPS. Other equities analysts have also recently issued reports about the company. Evercore ISI raised their target price on Principal Financial Group from $84.00 to $86.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Morgan Stanley raised their price target on Principal Financial Group from $81.00 to $82.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Royal Bank of Canada raised their price target on Principal Financial Group from $75.00 to $83.00 and gave the company a “sector perform” rating in a report on Wednesday, February 14th. Keefe, Bruyette & Woods raised their price target on Principal Financial Group from $85.00 to $89.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company decreased their price target on Principal Financial Group from $91.00 to $85.00 and set an “equal weight” rating on the stock in a report on Monday, April 29th. Two research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $80.30. Read Our Latest Stock Analysis on PFG Principal Financial Group Price Performance NYSE PFG opened at $85.13 on Monday. The business’s fifty day moving average price is $82.46 and its 200-day moving average price is $79.01. The stock has a market capitalization of $19.95 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 0.91 and a beta of 1.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.29 and a quick ratio of 0.29. Principal Financial Group has a 1-year low of $65.17 and a 1-year high of $86.79. Principal Financial Group (NYSE:PFG – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.09). The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.68 billion. Principal Financial Group had a net margin of 8.70% and a return on equity of 15.06%. During the same period last year, the company posted $1.48 earnings per share. Institutional Trading of Principal Financial Group Several hedge funds and other institutional investors have recently bought and sold shares of the stock. City State Bank raised its stake in shares of Principal Financial Group by 1.7% in the first quarter. City State Bank now owns 8,216 shares of the company’s stock valued at $709,000 after acquiring an additional 141 shares during the period. Ellevest Inc. lifted its stake in Principal Financial Group by 3.3% in the third quarter. Ellevest Inc. now owns 4,644 shares of the company’s stock worth $335,000 after purchasing an additional 149 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Principal Financial Group by 5.0% during the first quarter. CENTRAL TRUST Co now owns 3,179 shares of the company’s stock valued at $274,000 after buying an additional 151 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of Principal Financial Group by 2.3% in the third quarter. Merit Financial Group LLC now owns 6,947 shares of the company’s stock worth $501,000 after buying an additional 153 shares during the period. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Principal Financial Group by 1.3% during the 4th quarter. Verdence Capital Advisors LLC now owns 11,776 shares of the company’s stock worth $926,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 75.08% of the company’s stock. Principal Financial Group declared that its Board of Directors has approved a stock buyback plan on Monday, February 12th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued. Principal Financial Group Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.71 per share. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.69. This represents a $2.84 annualized dividend and a yield of 3.34%. The ex-dividend date is Monday, June 3rd. Principal Financial Group’s payout ratio is presently 54.20%. Principal Financial Group Company Profile (Get Free Report) Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.
