Principal Financial Group
About: Principal Financial Group Inc is a leader in Global investment management offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through diverse family of financial services companies. It operates in four business segments that are Retirement and Income Solutions, Principal Global Investors, Principal International, and United States Insurance Solutions. The company receives maximum revenue in the form of premiums.
Employees: 19,800
0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
62% more call options, than puts
Call options by funds: $16.6M | Put options by funds: $10.2M
5% more capital invested
Capital invested by funds: $13.2B [Q2] → $13.8B (+$605M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
2.41% less ownership
Funds ownership: 71.8% [Q2] → 69.39% (-2.41%) [Q3]
2% less funds holding
Funds holding: 783 [Q2] → 764 (-19) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 250 | Existing positions reduced: 284
20% less first-time investments, than exits
New positions opened: 77 | Existing positions closed: 96
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$75
12%
downside
Avg. target
$84
1%
downside
High target
$91
7%
upside
7 analyst ratings
0 positive
0%
4 neutral
57%
3 negative
43%
Morgan Stanley Bob Huang 100% 1-year accuracy 10 / 10 met price target | 6%downside $80 | Underweight Downgraded | 5 Dec 2024 |
RBC Capital Scott Heleniak 88% 1-year accuracy 22 / 25 met price target | 7%upside $91 | Sector Perform Maintained | 19 Nov 2024 |
Barclays Alex Scott 71% 1-year accuracy 29 / 41 met price target | 9%downside $77 | Underweight Maintained | 25 Oct 2024 |
B of A Securities Joshua Shanker 58% 1-year accuracy 23 / 40 met price target | 7%upside $91 | Neutral Maintained | 10 Oct 2024 |
Wells Fargo Elyse Greenspan 75% 1-year accuracy 51 / 68 met price target | 1%upside $86 | Equal-Weight Maintained | 10 Oct 2024 |
Financial journalist opinion
Based on 6 articles about PFG published over the past 30 days
Positive
Seeking Alpha
6 days ago
14 Upcoming Dividend Increases, Including A King
Happy Thanksgiving! Enjoy the holiday season and dividend raises. Fourteen companies increased dividends this week, with Lancaster Colony extending its 62-year streak by 5.6%. The average dividend increase is 5.5%, and McDonald's will become a dividend king next year with a 49-year streak. My strategy involves buying, holding, and adding to companies that consistently increase dividends and beat benchmarks, using data from U.S. Dividend Champions and NASDAQ.
Neutral
Business Wire
1 week ago
Principal® Appoints Lisa Coulson to Lead Human Resources
DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) today announced Lisa Coulson as the company's next chief human resources officer and senior vice president, effective Nov. 30, 2024. Coulson steps into the role after 17 years with Principal and significant experience helping companies align talent strategy with business objectives and customer needs. “Lisa brings extensive experience across crucial talent functions including leader development, change management, and w.
Positive
Seeking Alpha
2 weeks ago
Principal Financial Upgraded As Growth Indicators And 3% Yield Looks Positive
Principal Financial gets upgraded to a buy, as it shows growth indicators that could drive its insurance premiums and fees revenue, along with positive EPS guidance. Its 3% dividend yield is competitive among its peer group. With strong credit ratings from major agencies, and a low debt-to-equity, the firm has a lower risk profile.
Neutral
Business Wire
3 weeks ago
Principal® names Deanna Strable next president and CEO
DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) today announced the Board of Directors has appointed president and chief operating officer Deanna Strable as the company's next president and chief executive officer, effective January 7, 2025. Strable succeeds Dan Houston, who will continue to serve as executive chair of the Board. “I'm incredibly proud of the company we have built, the culture of care and expertise developed, and our unwavering commitment to clients.
Neutral
PRNewsWire
3 weeks ago
Group Health Life and Benefits Brokers can leverage PerfectQuote's Digital Quoting Platform to receive underwritten quotes directly from Principal Financial Group®.
AUSTIN, Texas , Nov. 7, 2024 /PRNewswire/ -- PerfectQuote, Inc., a leading group health digital quoting platform, announced its collaboration with Principal Financial Group ®, to provide PerfectQuote customers with direct, underwritten proposals for dental, vision, life, disability and voluntary benefits delivered through its Request-for-Proposal ("RFP") toolset. With a critical mass of firms and general agencies leveraging the PerfectQuote platform (including 14 of the top 20 largest U.S.- based firms) servicing almost 80,000 employers through the platform, insurance carriers are leveraging a frictionless digital distribution experience to deliver underwritten and bindable quotes; allowing PerfectQuote to continue its mission to enable distribution at scale to thousands of brokers nationwide along with reporting insights to help carrier sales and underwriting teams optimize their operations.
Neutral
Business Wire
4 weeks ago
Principal to Host Investor Day on November 18, 2024
DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced today that it will host its 2024 Investor Day on Monday, November 18, 2024, from 1 p.m. to 4 p.m. EST in New York City. To view the webcast live and access related material, please register in advance at principal.com/investorday. A replay will also be available on the website following the event. Any questions regarding Principal's 2024 Investor Day may be directed to Principal's Investor Relations team at in.
Neutral
Seeking Alpha
1 month ago
Principal Financial Group, Inc. (PFG) Q3 2024 Earnings Call Transcript
Principal Financial Group, Inc. (NASDAQ:PFG ) Q3 2024 Earnings Conference Call October 25, 2024 10:00 AM ET Company Participants Humphrey Lee - VP, IR Daniel Houston - Chairman, President & CEO Deanna Strable - EVP & CFO Amy Friedrich - President, Benefits and Protection Christopher Littlefield - President, Retirement and Income Solutions Kamal Bhatia - President & CEO, Principal Asset Management Joel Pitz - Interim CFO Conference Call Participants Joel Hurwitz - Dowling & Partners Suneet Kamath - Jefferies Ryan Krueger - KBW John Barnidge - Piper Stanley Wilma Burdis - Raymond James Tom Gallagher - Evercore ISI Wes Carmichael - Autonomous Research Elyse Greenspan - Wells Fargo Josh Shanker - Bank of America Merrill Lynch Alex Scott - Barclays Operator Good morning, and welcome to the Principal Financial Group Third Quarter 2024 Financial Results Conference Call. [Operator Instructions] I would now like to turn the conference call over to Humphrey Lee, Vice President of Investor Relations.
Neutral
Zacks Investment Research
1 month ago
Principal Financial Q3 Earnings Miss on Higher Costs, Dividend Raised
PFG's third-quarter results reflect solid performance across the Retirement and Income Solution and Principal International segments, offset by higher expenses.
Neutral
Zacks Investment Research
1 month ago
Principal Financial (PFG) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Principal Financial (PFG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
1 month ago
Principal Financial (PFG) Lags Q3 Earnings and Revenue Estimates
Principal Financial (PFG) came out with quarterly earnings of $1.76 per share, missing the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $1.72 per share a year ago.
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