Principal Financial Group Inc (NASDAQ: PFG) is -1.90% 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 $76.34 in the last trading session, with the day’s loss setting it -0.4%.
Currently trading at $75.94, the stock is -3.77% and -1.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing -0.52% at the moment leaves the stock -7.13% off its SMA200. PFG registered -5.95% loss for a year compared to 6-month loss of -11.10%. The firm has a 50-day simple moving average (SMA 50) of $77.2584 and a 200-day simple moving average (SMA200) of $81.76995.
The stock witnessed a -0.52% gain in the last 1 month and extending the period to 3 months gives it a -12.35%, and is -3.32% 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 0.82% over the week and 1.57% over the month.
Principal Financial Group Inc (PFG) has around 19700 employees, a market worth around $17.03B and $15.77B in sales. Current P/E ratio is 16.28 and Fwd P/E is 8.43. Profit margin for the company is 6.89%. Distance from 52-week low is 11.04% and -17.43% from its 52-week high. The company has generated returns on investments over the last 12 months (6.99%).
The EPS is expected to grow by 16.24% this year
1149.0 institutions hold shares in Principal Financial Group Inc (PFG), with institutional investors hold 76.73% of the company’s shares. The shares outstanding are 224.97M, and float is at 222.52M with Short Float at 2.41%. Institutions hold 75.88% 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).
