Principal Financial Group Inc

Principal Financial Group Inc Stock Forecast & Price Prediction

Live Principal Financial Group Inc Stock (PFG) Price
$85.45

12

Ratings

  • Buy 5
  • Hold 6
  • Sell 1
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$85.45

P/E Ratio

16.00

Volume Traded Today

$950,400

Dividend

$0.72

52 Week High/low

91.98/68.97

Principal Financial Group Inc Market Cap

$19.54B

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PFG Summary

Based on ratings from 12 stock analysts, the Principal Financial Group Inc stock price is expected to increase by 2.46% in 12 months. This is calculated by using the average 12-month stock price forecast for Principal Financial Group Inc. The lowest target is $77 and the highest is $99. Please note analyst price targets are not guaranteed and could be missed completely.

PFG Analyst Ratings

PFG is a stock in Financial Services which has been forecasted to be worth $87.55 as an average. On the higher end, the forecast price is $99 USD by Wilma Burdis from Raymond James and on the lower end PFG is forecasted to be $77 by Nigel Dally from Morgan Stanley.

PFG stock forecast by analyst

These are the latest 20 analyst ratings of PFG.

Analyst/Firm

Rating

Price Target

Change

Date

Alex Scott
Barclays

Underweight

$77

Maintains

Oct 25, 2024
Elyse Greenspan
Wells Fargo

Equal-Weight

$86

Maintains

Oct 10, 2024
Joshua Shanker
B of A Securities

Neutral

$91

Maintains

Oct 10, 2024
Alex Scott
Barclays

Underweight

$75

Maintains

Oct 9, 2024
John Barnidge
Piper Sandler

Neutral

$90

Maintains

Oct 2, 2024
Alex Scott
Barclays

Underweight

$74

Initiates

Sep 4, 2024
Bob Huang
Morgan Stanley

Equal-Weight

$83

Maintains

Aug 19, 2024
Ryan Krueger
Keefe, Bruyette & Woods

Market Perform

$86

Maintains

Jul 30, 2024
Scott Heleniak
RBC Capital

Sector Perform

$87

Maintains

Jul 29, 2024
Edward Kelly
Wells Fargo

Equal-Weight

$85

Maintains

Jul 29, 2024
Michael Ward
Citigroup

Sell

$70

Maintains

Jul 23, 2024
Suneet Kamath
Jefferies

Hold

$76

Maintains

Jul 18, 2024
Joshua Shanker
B of A Securities

Neutral

$94

Maintains

Jul 11, 2024
Wilma Burdis
Raymond James

Strong Buy

$99

Upgrade

Jul 9, 2024
Jimmy Bhullar
JP Morgan

Neutral

$96

Upgrade

Jul 2, 2024
Suneet Kamath
Jefferies

Hold

$78

Maintains

Jun 28, 2024
Edward Kelly
Wells Fargo

Equal-Weight

$85

Maintains

Apr 29, 2024
Bob Huang
Morgan Stanley

Equal-Weight

$82

Maintains

Apr 15, 2024
Elyse Greenspan
Wells Fargo

Equal-Weight

$91

Maintains

Apr 11, 2024
Thomas Gallagher
Evercore ISI Group

In-Line

$86

Maintains

Apr 11, 2024

PFG Company Information

What They Do: Offers retirement, asset management, and insurance services.

Business Model: The company generates revenue through various segments including Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection. It provides a wide range of financial products such as retirement plans, investment management, and insurance offerings, catering to both individual and institutional clients globally.

Other Information: Founded in 1879 and headquartered in Des Moines, Iowa, the company serves a diverse clientele across multiple regions, including Brazil, Chile, Mexico, Asia, and more. Its comprehensive services in retirement planning, asset management, and specialty benefits position it as a key player in the financial services industry.
PFG
Principal Financial Group Inc (PFG)

When did it IPO

2001

Staff Count

19,800

Country

United States

Sector/Industry

Financial Services/Asset Management

CEO

Mr. Daniel Joseph Houston

Market Cap

$19.54B

Principal Financial Group Inc (PFG) Financial Data

In 2023, PFG generated $13.67B in revenue, which was a decrease of -22.07% from the previous year. This can be seen as a signal that PFG's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$14.74B

Revenue From 2021

$14.43B

-2.13 %
From Previous Year

Revenue From 2022

$17.54B

21.54 %
From Previous Year

Revenue From 2023

$13.67B

-22.07 %
From Previous Year
  • Revenue TTM $14.07B
  • Operating Margin TTM -8.0%
  • Gross profit TTM $0
  • Return on assets TTM -0.1%
  • Return on equity TTM -1.3%
  • Profit Margin -1.5%
  • Book Value Per Share 49.01%
  • Market capitalisation $19.54B
  • Revenue for 2021 $14.43B
  • Revenue for 2022 $17.54B
  • Revenue for 2023 $13.67B
  • EPS this year (TTM) $-0.73

Principal Financial Group Inc (PFG) Latest News

News Image

Thu, 07 Nov 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - PerfectQuote, Inc. partners with Principal Financial Group to offer direct, underwritten insurance proposals via its RFP tool. This collaboration enhances digital distribution for brokers and carriers.

Why It Matters - PerfectQuote's collaboration with Principal Financial Group enhances its platform's capabilities, potentially increasing market share and efficiency in insurance distribution, which could drive growth and profitability.

News Image

Wed, 06 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Principal Financial Group will host its 2024 Investor Day on November 18, 2024, from 1 p.m. to 4 p.m. EST in New York City. Registration for the live webcast is available on their website.

Why It Matters - Principal Financial Group's upcoming Investor Day may provide insights into its strategic direction and financial performance, influencing stock valuations and investor sentiment.

News Image

Fri, 25 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Principal Financial Group, Inc. will host its Q3 2024 earnings conference call on October 25, 2024, at 10:00 AM ET, featuring key executives discussing financial results.

Why It Matters - The earnings call provides insights into Principal Financial Group's Q3 performance, critical for assessing financial health, growth prospects, and potential stock value changes.

News Image

Thu, 24 Oct 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - Principal Financial Group reported a Q3 2024 net loss of $220 million ($0.95/share), but a non-GAAP net income of $419 million ($1.78/share) when excluding exited business.

Why It Matters - A net loss of $220 million raises concerns about Principal Financial Group's profitability. However, strong non-GAAP earnings indicate underlying operational strength, affecting investor sentiment.

News Image

Thu, 24 Oct 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - Principal Financial (PFG) reported Q3 earnings of $1.76 per share, below the Zacks Consensus Estimate of $2.01, but up from $1.72 per share year-over-year.

Why It Matters - Principal Financial's earnings miss signals potential operational issues, which could impact stock performance and investor confidence. Year-over-year growth is positive but underwhelming compared to expectations.

News Image

Fri, 25 Oct 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - PFG reported solid third-quarter performance in its Retirement and Income Solution and Principal International segments, though results were impacted by higher expenses.

Why It Matters - PFG's strong performance in key segments suggests growth potential, but rising expenses could impact profitability, influencing investor sentiment and stock valuation.

...

PFG Frequently asked questions

The highest forecasted price for PFG is $99 from Wilma Burdis at Raymond James.

The lowest forecasted price for PFG is $77 from Nigel Dally from Morgan Stanley

The PFG analyst ratings consensus are 5 buy ratings, 6 hold ratings, and 1 sell ratings.