Q4 2022 EPS Estimates for Principal Financial Group, Inc. (NASDAQ:PFG) Decreased by Analyst

Principal Financial Group, Inc. (NASDAQ:PFGGet Rating) – Research analysts at Jefferies Financial Group reduced their Q4 2022 EPS estimates for shares of Principal Financial Group in a report issued on Monday, November 21st. Jefferies Financial Group analyst S. Kamath now forecasts that the company will earn $1.48 per share for the quarter, down from their prior estimate of $1.57. Jefferies Financial Group has a “Underperform” rating and a $60.00 price target on the stock. The consensus estimate for Principal Financial Group’s current full-year earnings is $6.43 per share.

Other analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods downgraded shares of Principal Financial Group from a “market perform” rating to an “underperform” rating and increased their target price for the stock from $75.00 to $77.00 in a research report on Monday, October 31st. Credit Suisse Group downgraded shares of Principal Financial Group from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $82.00 to $86.00 in a research report on Thursday, August 18th. Raymond James initiated coverage on shares of Principal Financial Group in a research report on Wednesday, September 21st. They set a “market perform” rating for the company. Evercore ISI downgraded shares of Principal Financial Group from an “in-line” rating to an “underperform” rating and increased their target price for the stock from $75.00 to $81.00 in a research report on Thursday, November 17th. Finally, Royal Bank of Canada upped their price target on Principal Financial Group from $75.00 to $88.00 in a report on Monday, October 31st. Seven equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $77.50.

Principal Financial Group Stock Up 0.1 %

PFG opened at $91.78 on Wednesday. The firm has a 50 day moving average price of $83.55 and a 200 day moving average price of $75.22. The company has a market cap of $22.46 billion, a PE ratio of 4.45, a price-to-earnings-growth ratio of 2.59 and a beta of 1.29. Principal Financial Group has a 1 year low of $61.05 and a 1 year high of $96.17. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.37 and a current ratio of 0.37.

Institutional Investors Weigh In On Principal Financial Group

Large investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co increased its holdings in shares of Principal Financial Group by 37.5% during the first quarter. CENTRAL TRUST Co now owns 1,468 shares of the company’s stock valued at $108,000 after purchasing an additional 400 shares during the period. Metis Global Partners LLC acquired a new position in shares of Principal Financial Group during the first quarter valued at $295,000. Venture Visionary Partners LLC boosted its stake in Principal Financial Group by 3.1% during the first quarter. Venture Visionary Partners LLC now owns 9,854 shares of the company’s stock valued at $723,000 after buying an additional 296 shares in the last quarter. Arizona State Retirement System boosted its stake in Principal Financial Group by 1.0% during the first quarter. Arizona State Retirement System now owns 73,784 shares of the company’s stock valued at $5,416,000 after buying an additional 709 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Principal Financial Group by 16.2% during the first quarter. Commonwealth Equity Services LLC now owns 63,050 shares of the company’s stock valued at $4,628,000 after buying an additional 8,767 shares in the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Sandra L. Helton sold 14,033 shares of the stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $80.05, for a total transaction of $1,123,341.65. Following the completion of the transaction, the director now directly owns 18,245 shares in the company, valued at approximately $1,460,512.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Sandra L. Helton sold 14,033 shares of the firm’s stock in a transaction on Tuesday, October 18th. The stock was sold at an average price of $80.05, for a total transaction of $1,123,341.65. Following the transaction, the director now directly owns 18,245 shares in the company, valued at $1,460,512.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Wee Yee Cheong sold 2,447 shares of the firm’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $78.45, for a total value of $191,967.15. Following the transaction, the executive vice president now owns 34,700 shares in the company, valued at $2,722,215. The disclosure for this sale can be found here. Company insiders own 1.17% of the company’s stock.

Principal Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Thursday, December 1st will be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Wednesday, November 30th. Principal Financial Group’s dividend payout ratio is presently 12.41%.

Principal Financial Group Company Profile

(Get Rating)

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.

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Earnings History and Estimates for Principal Financial Group (NASDAQ:PFG)

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