Principal Financial Group, Inc. (NASDAQ: PFG) Given the average recommendation of “hold” by analysts


Principal Financial Group, Inc. (NASDAQ: PFG) has been assigned a consensus rating of “Hold” by the eleven rating agencies that cover the stock, reports Marketbeat. One investment analyst gave the stock a sell rating, six assigned a conservation rating, and two assigned a buy rating to the company. The average one-year target price among brokers who have issued ratings on the stock in the past year is $ 69.30.

Several analysts recently weighed on PFG stocks. Royal Bank of Canada increased its price target on Principal Financial Group from $ 67.00 to $ 71.00 and gave the company a “sector performance” rating in a report released Thursday. They noted that the move was an appraisal call. Piper Sandler lowered her price target on Principal Financial Group from $ 69.00 to $ 67.00 and rated the stock “neutral” in a report released on Thursday, July 8. They noted that the move was an appraisal call. Zacks investment research downgraded Principal Financial Group from a “keep” rating to a “sell” rating and set a price target of $ 70.00 for the stock. in a report on Tuesday, September 28. Credit Suisse Group Upgraded Principal Financial Group from ‘Neutral’ to ‘Outperforming’ Rating and Raised its Price Target for the Company from $ 57.00 to $ 82.00 in a Report Released Tuesday, July 6 . Finally, Morgan Stanley increased its price target on Principal Financial Group from $ 71.00 to $ 72.00 and gave the company an “equal weight” rating in a report released on Thursday, October 14.

PFG shares opened at $ 67.09 on Friday. Principal Financial Group has a 52 week low of $ 38.53 and a 52 week high of $ 70.13. The company has a debt ratio of 0.26, a quick ratio of 0.06, and a current ratio of 0.06. The company has a market cap of $ 18.01 billion, a PE ratio of 11.69, a PEG ratio of 0.66 and a beta of 1.62. The stock has a fifty day simple moving average of $ 66.51 and a two hundred day simple moving average of $ 64.78.

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Principal Financial Group (NASDAQ: PFG) last released its quarterly results on Tuesday, October 26. The company reported earnings per share (EPS) of $ 1.69 for the quarter, beating the Zacks consensus estimate of $ 1.59 by $ 0.10. Principal Financial Group recorded a return on equity of 9.58% and a net margin of 11.48%. During the same period last year, the company posted earnings of $ 0.85 per share. On average, sell-side analysts predict that Principal Financial Group will post 6.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 21. Investors of record on Wednesday, December 1 will receive a dividend of $ 0.64 per share. This is an increase from Principal Financial Group’s previous quarterly dividend of $ 0.63. This represents an annualized dividend of $ 2.56 and a return of 3.82%. The ex-dividend date of this dividend is Tuesday, November 30. Principal Financial Group’s dividend payout ratio (PDR) is currently 51.01%.

A number of hedge funds and other institutional investors have recently changed their positions in PFG. Credit Suisse AG increased its stake in Principal Financial Group by 80.4% in the second quarter. Credit Suisse AG now owns 5,726,411 shares of the company valued at $ 361,852,000 after purchasing an additional 2,551,724 shares in the last quarter. The Canada Pension Plan Investment Board increased its stake in Principal Financial Group by 251.6% during the second quarter. The Canada Pension Plan Investment Board now owns 1,764,900 shares of the company valued at $ 111,524,000 after purchasing an additional 1,262,900 shares in the last quarter. The Ontario Health Care Pension Trust Fund increased its holdings in Principal Financial Group by 1,275.0% in the second quarter. The Ontario Health Care Pension Plan trust fund now owns 880,017 shares of the company valued at $ 55,608,000 after purchasing an additional 816,017 shares in the last quarter. Cambiar Investors LLC acquired a new position in Principal Financial Group during the first quarter valued at $ 44,970,000. Finally, Wells Fargo & Company MN increased its stake in Principal Financial Group by 225.1% during the second quarter. Wells Fargo & Company MN now owns 1,021,994 shares of the company valued at $ 64,579,000 after purchasing an additional 707,650 shares during the last quarter. 70.98% of the shares are currently held by hedge funds and other institutional investors.

Company Profile of the Principal Financial Group

Principal Financial Group, Inc. is a financial company providing financial products and services to businesses, individuals and institutional clients. She specializes in retirement solutions, insurance and investment products through her diverse family of financial services companies and her national network of financial professionals.

Read more: Net asset value

Analyst Recommendations for Principal Financial Group (NASDAQ: PFG)

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