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 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.
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 |
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
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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.