Principal Financial Group Inc (NASDAQ: PFG) is -6.20% lower on its value in year-to-date trading and has touched a low of $68.39 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 $71.96 in the last trading session, with the day’s gains setting it 0.65%.
Currently trading at $72.61, the stock is -10.06% and -12.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.09 million and changing 0.90% at the moment leaves the stock -11.86% off its SMA200. PFG registered -10.66% loss for a year compared to 6-month loss of -17.03%. The firm has a 50-day simple moving average (SMA 50) of $83.0226 and a 200-day simple moving average (SMA200) of $82.38285.
The stock witnessed a -9.85% gain in the last 1 month and extending the period to 3 months gives it a -4.89%, and is -0.45% 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 8.34% over the week and 4.22% over the month.
Principal Financial Group Inc (PFG) has around 19700 employees, a market worth around $16.34B and $16.13B in sales. Current P/E ratio is 10.87 and Fwd P/E is 8.03. Profit margin for the company is 9.74%. Distance from 52-week low is 6.17% and -21.05% from its 52-week high. The company has generated returns on investments over the last 12 months (10.64%).
with sales reaching $3.99B over the same period.The EPS is expected to grow by 17.83% this year, but quarterly earnings will post 2.38% year-over-year. Quarterly sales are estimated to grow 4.85% in year-over-year returns.
Principal Financial Group Inc (PFG) Top Institutional Holders
1084.0 institutions hold shares in Principal Financial Group Inc (PFG), with institutional investors hold 74.38% of the company’s shares. The shares outstanding are 226.23M, and float is at 223.33M with Short Float at 2.57%. Institutions hold 73.57% 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
#####
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).
