Principal Financial Group Inc (NASDAQ: PFG) is 7.30% 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 $85.08 in the last trading session, with the day’s loss setting it -2.02%.
Currently trading at $83.06, the stock is -1.65% and -1.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing -2.37% at the moment leaves the stock 0.72% off its SMA200. PFG registered -1.69% loss for a year compared to 6-month gain of -2.19%. The firm has a 50-day simple moving average (SMA 50) of $84.0642 and a 200-day simple moving average (SMA200) of $82.4649.
The stock witnessed a -5.11% loss in the last 1 month and extending the period to 3 months gives it a 6.76%, and is -0.24% 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 2.25% over the week and 2.29% over the month.
Principal Financial Group Inc (PFG) has around 19700 employees, a market worth around $18.74B and $16.13B in sales. Current P/E ratio is 12.44 and Fwd P/E is 8.96. Profit margin for the company is 9.74%. Distance from 52-week low is 15.03% and -9.69% from its 52-week high. The company has generated returns on investments over the last 12 months (10.64%).
The EPS is expected to grow by 20.66% this year.
Principal Financial Group Inc (PFG) Top Institutional Holders
1083.0 institutions hold shares in Principal Financial Group Inc (PFG), with institutional investors hold 74.43% of the company’s shares. The shares outstanding are 226.23M, and float is at 223.93M with Short Float at 2.20%. Institutions hold 73.61% 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 8.453 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 4.5838 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 Jan 15 ’25, DEANNA STRABLE-SOETHOUT (Officer) Proposed Sale 21,780 shares at an average price of $78.84 for $1.72 million. The insider now directly holds shares of Principal Financial Group Inc (PFG).
