Principal Financial Group Inc (NASDAQ: PFG) is 9.00% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PFG stock was last observed hovering at around $86.56 in the last trading session, with the day’s loss setting it -2.18%.
Currently trading at $84.38, the stock is 0.91% and 4.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.86 million and changing -2.52% at the moment leaves the stock 2.74% off its SMA200. PFG registered 5.08% gain for a year compared to 6-month gain of 9.33%.
The stock witnessed a 3.33% loss in the last 1 month and extending the period to 3 months gives it a -1.96%, and is -2.96% 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 1.92% over the week and 2.04% over the month.
Principal Financial Group Inc (PFG) has around 19700 employees, a market worth around $19.03B and $11.38B in sales. Current P/E ratio is 12.63 and Fwd P/E is 9.11. Profit margin for the company is 13.81%. Distance from 52-week low is 16.85% and -8.26% from its 52-week high. The company has generated returns on investments over the last 12 months (10.36%).
with sales reaching $4.04B over the same period.The EPS is expected to grow by 20.58% this year, but quarterly earnings will post 4.78% year-over-year. Quarterly sales are estimated to grow 6.23% in year-over-year returns.
Principal Financial Group Inc (PFG) Top Institutional Holders
The shares outstanding are 226.20M, and float is at 224.16M with Short Float at 1.04%.
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 7.7575% 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
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Still, SEC filings show that on Nov 25 ’24, WEE YEE CHEONG (Officer) Proposed Sale 18,985 shares at an average price of $87.21 for $1.66 million. The insider now directly holds shares of Principal Financial Group Inc (PFG).
