Principal Financial Group Inc (PFG) – Don’t Be So Quick to Call it Dead

Principal Financial Group Inc (NASDAQ: PFG) is -1.16% lower on its value in year-to-date trading and has touched a low of $65.17 and a high of $93.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PFG stock was last observed hovering at around $78.11 in the last trading session, with the day’s loss setting it -0.35%.

Currently trading at $77.76, the stock is -1.38% and -0.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing -0.45% at the moment leaves the stock 4.20% off its SMA200. PFG registered -16.16% loss for a year compared to 6-month gain of -0.21%. The firm has a 50-day simple moving average (SMA 50) of $1.27.

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The stock witnessed a -1.08% loss in the last 1 month and extending the period to 3 months gives it a 11.98%, and is 0.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.59% over the week and 1.57% over the month.

Principal Financial Group Inc (PFG) has around 19300 employees, a market worth around $18.54B and $14.10B in sales. Current P/E ratio is 12.81 and Fwd P/E is 10.36. Profit margin for the company is 10.54%. Distance from 52-week low is 19.33% and -17.16% from its 52-week high. The company has generated returns on investments over the last 12 months (10.17%).

Principal Financial Group Inc quarterly earnings per share for the current quarter are estimated at $1.68 with sales reaching $3.6B over the same period.The EPS is expected to shrink by -3.67% this year, but quarterly earnings will post 3.80% year-over-year. Quarterly sales are estimated to shrink -0.60% in year-over-year returns.

1,029 institutions hold shares in Principal Financial Group Inc (PFG), with institutional investors hold 73.12% of the company’s shares. The shares outstanding are 243.50M, and float is at 237.10M with Short Float at 1.36%. Institutions hold 72.56% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 29.46 million shares valued at $2.23 billion. The investor’s holdings represent 10.58% of the PFG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 19.92 million shares valued at $1.51 billion to account for 7.16% of the shares outstanding. The other top investors are Nippon Life Insurance Company which holds 18.14 million shares representing 6.52% and valued at over $1.31 billion, while Bank of America Corporation holds 4.93% of the shares totaling 13.72 million with a market value of $1.04 billion.

Principal Financial Group Inc (PFG) Insider Activity

A total of 22 insider transactions have happened at Principal Financial Group Inc (PFG) in the last six months, with sales accounting for 0 and purchases happening 22 times.

Principal Financial Group Inc (PFG): Who are the competitors?

One of the company’s main competitors (and peers) include Chubb Ltd. (CB) that is trading 13.81% up over the past 12 months.Prudential Financial Inc. (PRU) lies in the list of competitors of the Principal Financial Group Inc and is 5.42% higher over the same period from PFGMetLife Inc. (MET) is -6.51% down on the 1-year trading charts.