Recent updates on Principal Financial Group (PFG):
JPMorgan upgraded it from underweight to neutral with a price target of $96.
Other firms like Royal Bank of Canada and Jefferies increased their targets, while Citigroup lowered theirs.
Currently, there are two sell ratings, nine hold ratings, and one strong buy, giving an average rating of Hold and a target price of $85.42 according to MarketBeat.com.
Get Our Latest Stock Report on PFG
Institutional Activity
Institutional investors are adjusting their stakes in PFG.
For example, Clarity Asset Management bought new shares worth $95,000, while Goldman Sachs increased theirs to over $169 million.
Currently, institutional investors hold 75.08% of the stock.
PFG Stock Performance
PFG shares rose by 2.0%. It has a market cap of $20.66 billion, a P/E ratio of 17.32, and a dividend yield of 3.23%.
In its latest earnings report, PFG posted an EPS of $1.63, missing estimates, but revenue was above expectations at $4.31 billion.
Dividend Increase
PFG declared a quarterly dividend of $0.72, up from $0.71, with a record date of September 5th, translating to a $2.88 annual dividend.
Company Overview
Principal Financial Group offers retirement, asset management, and insurance services globally, operating through various segments, including Retirement and Income Solutions.
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