PFG Stock- Analysts Cuts Price Targets & Rate it as Under-Perform

PFG Stock

Principal Financial (PFG:NSD)

Principal Financial Group, Inc. (PFG:NSD) has earned a consensus rating of “Under-Perform” from the twelve analysts who are covering the PFG stock, according to the data from Stock Target Advisor. The average price target for the next twelve months among analysts who have released a report on the stock in the past year is $76.81.

PFG Stock-Analyst Ratings:

Keefe, Bruyette & Woods downgraded shares of Principal Financial Group from a “market perform” rating to a “underperform” rating and boosted their price target on the stock from $75.00 to $77.00.

Credit Suisse Group lowered its rating on shares of Principal Financial Group from “neutral” to “underperform” and set a price target of $86,00 on the company.

Barclays downgraded shares of Principal Financial Group from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $81.50 to $89.00.

Citigroup increased its price target on shares of Principal Financial Group from $62.00 to $65.00.

Hedge Funds & Institutional Holdings:

A number of institutional investors have lately purchased and sold PFG shares.

During the first quarter, Fairfield Bush & CO. acquired a new position in Principal Financial Group for $51,000. In the first quarter, American Century Companies Inc. increased its holdings of Principal Financial Group shares by 25.8 percent. American Century Companies Inc. now holds 35,507 shares of the company’s stock valued at $2,607,000 after purchasing an additional 7,292 shares in the last recent quarter.

In the first quarter, Panagora Asset Management Inc. increased its holdings of Principal Financial Group shares by 55.6%. Panagora Asset Management Inc. now holds 15,825 shares of the PFG stock valued at $1,162,000 after purchasing an additional 5,657 shares in the last recent quarter.

In the first quarter, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings of Principal Financial Group by 5.1%. After purchasing an additional 1,564 shares in the most recent quarter, Commonwealth of Pennsylvania Public School Empls Retrmt SYS now holds 32,506 shares of the company’s stock valued at $2,386,000.

In the first quarter, Cibc World Market Inc. acquired a new position in shares of Principal Financial Group worth $1,345,000.

Institutional investors and hedge funds own 74.21% of the company’s shares.

PFG Stock Price Up 1.6%

Tuesday’s opening price for shares of PFG stock was $89.34. The current ratio is 0.37, the quick ratio is 0.37, and the debt-to-equity ratio is 0.42 for this company. The twelve-month low for Principal Financial Group is $61.05 and the twelve-month high is $96.17.

The business has a market valuation of $21.86 billion, a P/E ratio of 4.33, a PEG ratio of 2.26, and a beta of 1.27. The organization’s 50-day moving average is $88,31.

Quarterly Earnings Overview:

Principal Financial Group (PFG:NSD) reported its most recent quarterly earnings on October 27. Earnings per share for the quarter were $1.69, $0.24 higher than the consensus expectation of $1.45.

Principal Financial Group’s net margin was 28.67% and its return on equity was 14.61%. The company’s quarterly sales were $3.44 billion, compared to the consensus forecast of $3.05 billion. Sell-side analysts anticipate Principal Financial Group’s current fiscal year EPS will be $6.49.

PFG Stock Dividend:

The company just announced a quarterly dividend, which was paid on December 19th. A dividend of $0.64 per share was paid on Thursday, December 1 to shareholders of record as of that date.

This dividend’s ex-dividend date was Wednesday, November 30. This equals a yearly dividend of $2.56 and a dividend yield of 2.87%. The payout ratio for Principal Financial Group is 12.41 percent.

Company Profile:

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 Global Investors, Principal International, and U.S. Insurance Solutions segments. Principal Financial Group, Inc. was founded in 1879 and is based in Des Moines, Iowa.

 

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