Bank of America Issues Positive Forecast for Principal Financial Group (NYSE:PFG) Stock Price

Principal Financial Group (NYSE:PFG) had its price objective boosted by equities research analysts at Bank of America from $95.00 to $96.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Bank of America‘s target price suggests a potential upside of 0.07% from the company’s current price.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $103.00 target price on shares of Principal Financial Group in a report on Monday, January 5th. Morgan Stanley set a $93.00 target price on Principal Financial Group in a research report on Monday, December 15th. Keefe, Bruyette & Woods increased their price target on shares of Principal Financial Group from $90.00 to $91.00 and gave the company a “market perform” rating in a research report on Thursday, October 30th. UBS Group lifted their price objective on shares of Principal Financial Group from $88.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Finally, Wells Fargo & Company upped their target price on shares of Principal Financial Group from $74.00 to $85.00 and gave the company an “underweight” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $93.22.

Principal Financial Group Stock Performance

Shares of NYSE:PFG opened at $95.93 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.36. Principal Financial Group has a 1-year low of $68.39 and a 1-year high of $97.88. The stock has a market capitalization of $21.37 billion, a P/E ratio of 14.36, a P/E/G ratio of 0.76 and a beta of 0.89. The business has a 50-day moving average price of $90.62 and a two-hundred day moving average price of $84.38.

Principal Financial Group (NYSE:PFG) last issued its quarterly earnings results on Monday, February 9th. The company reported $2.19 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.03). Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%.During the same quarter last year, the firm posted $1.94 EPS. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. Equities analysts predict that Principal Financial Group will post 8.5 earnings per share for the current year.

Insiders Place Their Bets

In other Principal Financial Group news, EVP Wee Yee Cheong sold 1,887 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $85.04, for a total transaction of $160,470.48. Following the completion of the transaction, the executive vice president owned 81,421 shares in the company, valued at approximately $6,924,041.84. This represents a 2.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Deanna D. Strable-Soethout sold 9,300 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $95.12, for a total value of $884,616.00. Following the transaction, the chief executive officer directly owned 144,168 shares of the company’s stock, valued at $13,713,260.16. This represents a 6.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 26,852 shares of company stock valued at $2,512,930. Company insiders own 1.08% of the company’s stock.

Institutional Trading of Principal Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Traub Capital Management LLC acquired a new position in Principal Financial Group during the second quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Principal Financial Group during the 4th quarter worth about $26,000. Capital A Wealth Management LLC boosted its stake in shares of Principal Financial Group by 5,533.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 338 shares of the company’s stock worth $27,000 after buying an additional 332 shares during the last quarter. Curio Wealth LLC grew its holdings in shares of Principal Financial Group by 37,800.0% in the 2nd quarter. Curio Wealth LLC now owns 379 shares of the company’s stock valued at $30,000 after acquiring an additional 378 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. increased its position in shares of Principal Financial Group by 343.6% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 346 shares of the company’s stock valued at $30,000 after acquiring an additional 268 shares during the last quarter. 75.08% of the stock is currently owned by institutional investors and hedge funds.

About Principal Financial Group

Principal Financial Group, commonly known as Principal, is a global financial services company headquartered in Des Moines, Iowa. The firm provides a broad range of retirement, investment management and insurance solutions for individual, employer and institutional clients. Its core businesses include retirement plan services and recordkeeping, asset management, and life and disability insurance, supported by distribution through employers, financial advisors and direct channels.

On the retirement side, Principal offers 401(k) and other workplace retirement plans, individual retirement accounts and annuity products designed to help clients accumulate and manage retirement savings.