Principal Financial Group Inc (NASDAQ: PFG) is -0.83% lower on its value in year-to-date trading and has touched a low of $66.21 and a high of $88.26 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 $77.75 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $78.02, the stock is 0.85% and -2.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 0.35% at the moment leaves the stock -1.69% off its SMA200. PFG registered 4.46% gain for a year compared to 6-month gain of -2.89%.
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The stock witnessed a -6.82% loss in the last 1 month and extending the period to 3 months gives it a -6.32%, and is 1.43% 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 1.17% over the week and 1.93% over the month.
Principal Financial Group Inc (PFG) has around 19800 employees, a market worth around $18.07B and $15.65B in sales. Current P/E ratio is 15.21 and Fwd P/E is 9.30. Profit margin for the company is 8.05%. Distance from 52-week low is 17.84% and -11.60% from its 52-week high. The company has generated returns on investments over the last 12 months (8.43%).
The EPS is expected to grow by 11.25% this year
1101.0 institutions hold shares in Principal Financial Group Inc (PFG), with institutional investors hold 73.60% of the company’s shares. The shares outstanding are 236.44M, and float is at 229.85M with Short Float at 1.64%. Institutions hold 72.85% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 27.75 million shares valued at $2.18 billion. The investor’s holdings represent 11.7584 of the PFG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 19.76 million shares valued at $1.55 billion to account for 8.3742 of the shares outstanding. The other top investors are NIPPON LIFE INSURANCE CO which holds 18.14 million shares representing 7.6852 and valued at over $1.42 billion, while BANK OF AMERICA CORP /DE/ holds 4.5411 of the shares totaling 10.72 million with a market value of $840.74 million.
