Principal Financial Group Inc (NASDAQ: PFG) is -4.44% lower on its value in year-to-date trading and has touched a low of $72.21 and a high of $91.97 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 $74.91 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $75.18, the stock is -8.84% and -11.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing 0.36% at the moment leaves the stock -8.64% off its SMA200. PFG registered -5.41% loss for a year compared to 6-month gain of -6.04%. The firm has a 50-day simple moving average (SMA 50) of $84.9776 and a 200-day simple moving average (SMA200) of $82.28545.
The stock witnessed a -10.69% loss in the last 1 month and extending the period to 3 months gives it a -12.18%, and is -5.18% down 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 2.08% over the week and 1.65% over the month.
Principal Financial Group Inc (PFG) has around 19800 employees, a market worth around $17.20B and $14.07B in sales. Fwd P/E is 8.93. Profit margin for the company is -1.47%. Distance from 52-week low is 4.11% and -18.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.36%).
with sales reaching $4.07B over the same period.The EPS is expected to grow by 7.62% this year, but quarterly earnings will post 6.28% year-over-year. Quarterly sales are estimated to shrink -3.99% in year-over-year returns.
1082.0 institutions hold shares in Principal Financial Group Inc (PFG), with institutional investors hold 73.85% of the company’s shares. The shares outstanding are 229.29M, and float is at 227.25M with Short Float at 1.47%. Institutions hold 73.09% 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.
Principal Financial Group Inc (PFG) Insider Activity
Still, SEC filings show that on Nov 15 ’24, WEE YEE CHEONG (Officer) Proposed Sale 3,735 shares at an average price of $87.22 for $0.33 million. The insider now directly holds shares of Principal Financial Group Inc (PFG).
