Principal Financial Group Inc (NASDAQ: PFG) is -4.21% 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 $74.59 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $74.15, the stock is 0.20% and -7.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.77 million and changing -0.59% at the moment leaves the stock -9.53% off its SMA200. PFG registered -6.28% loss for a year compared to 6-month gain of -11.42%. The firm has a 50-day simple moving average (SMA 50) of $80.5734 and a 200-day simple moving average (SMA200) of $81.96525.
The stock witnessed a -12.11% loss in the last 1 month and extending the period to 3 months gives it a -11.07%, and is 0.15% 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 2.84% over the week and 4.54% over the month.
Principal Financial Group Inc (PFG) has around 19700 employees, a market worth around $16.68B and $12.19B in sales. Current P/E ratio is 15.89 and Fwd P/E is 8.29. Profit margin for the company is 8.91%. Distance from 52-week low is 8.42% and -19.38% from its 52-week high. The company has generated returns on investments over the last 12 months (7.36%).
The EPS is expected to grow by 15.58% this year
1106.0 institutions hold shares in Principal Financial Group Inc (PFG), with institutional investors hold 74.54% of the company’s shares. The shares outstanding are 225.00M, and float is at 223.33M with Short Float at 2.96%. Institutions hold 73.73% 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 11.869 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).
