Principal Financial Group, Inc. (NYSE:PFG) Receives $93.22 Consensus PT from Analysts

Principal Financial Group, Inc. (NYSE:PFG) has earned a consensus rating of “Reduce” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $93.2222.

PFG has been the topic of a number of research reports. Morgan Stanley set a $93.00 price target on shares of Principal Financial Group in a research note on Monday, December 15th. UBS Group boosted their price objective on Principal Financial Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Bank of America increased their target price on Principal Financial Group from $95.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Piper Sandler boosted their price target on Principal Financial Group from $94.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, December 23rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $103.00 price objective on shares of Principal Financial Group in a report on Monday, January 5th.

Insiders Place Their Bets

In other Principal Financial Group news, CEO Deanna D. Strable-Soethout sold 7,340 shares of the business’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $95.00, for a total value of $697,300.00. Following the completion of the sale, the chief executive officer owned 136,828 shares of the company’s stock, valued at $12,998,660. The trade was a 5.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 24,965 shares of company stock valued at $2,352,460. 1.08% of the stock is owned by insiders.

Institutional Investors Weigh In On Principal Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Management Corp VA grew its stake in Principal Financial Group by 19.2% during the third quarter. Capital Management Corp VA now owns 172,736 shares of the company’s stock worth $14,322,000 after buying an additional 27,857 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Principal Financial Group by 160.3% during the 3rd quarter. Nordea Investment Management AB now owns 48,902 shares of the company’s stock worth $3,978,000 after acquiring an additional 30,118 shares during the period. Mediolanum International Funds Ltd boosted its position in shares of Principal Financial Group by 41.5% during the 3rd quarter. Mediolanum International Funds Ltd now owns 127,368 shares of the company’s stock worth $10,504,000 after acquiring an additional 37,357 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in Principal Financial Group in the third quarter valued at approximately $18,526,000. Finally, Capital Fund Management S.A. bought a new position in Principal Financial Group in the second quarter valued at approximately $1,486,000. 75.08% of the stock is currently owned by institutional investors and hedge funds.

Principal Financial Group Stock Up 2.3%

PFG stock opened at $94.85 on Friday. Principal Financial Group has a 1-year low of $68.39 and a 1-year high of $97.88. The business’s 50 day simple moving average is $91.56 and its 200 day simple moving average is $85.55. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $20.57 billion, a PE ratio of 14.20, a PEG ratio of 0.76 and a beta of 0.89.

Principal Financial Group (NYSE:PFG) last released its quarterly earnings data on Monday, February 9th. The company reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.03). Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%.During the same quarter in the prior year, the firm earned $1.94 EPS. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. As a group, research analysts anticipate that Principal Financial Group will post 8.5 EPS for the current year.

Principal Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, March 11th will be given a dividend of $0.80 per share. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.79. This represents a $3.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, March 11th. Principal Financial Group’s payout ratio is 60.72%.

About Principal Financial Group

Principal Financial Group, commonly known as Principal, is a global financial services company headquartered in Des Moines, Iowa. The firm provides a broad range of retirement, investment management and insurance solutions for individual, employer and institutional clients. Its core businesses include retirement plan services and recordkeeping, asset management, and life and disability insurance, supported by distribution through employers, financial advisors and direct channels.

On the retirement side, Principal offers 401(k) and other workplace retirement plans, individual retirement accounts and annuity products designed to help clients accumulate and manage retirement savings.