Principal Financial Group, Inc. (NASDAQ:PFG – Get Rating) – Equities research analysts at Jefferies Financial Group raised their Q4 2022 earnings per share (EPS) estimates for shares of Principal Financial Group in a research note issued on Tuesday, January 17th. Jefferies Financial Group analyst S. Kamath now expects that the company will post earnings of $1.55 per share for the quarter, up from their prior estimate of $1.48. The consensus estimate for Principal Financial Group’s current full-year earnings is $6.48 per share. Jefferies Financial Group also issued estimates for Principal Financial Group’s FY2026 earnings at $8.80 EPS.
Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods lowered Principal Financial Group from a “market perform” rating to an “underperform” rating and upped their target price for the stock from $75.00 to $77.00 in a research note on Monday, October 31st. Piper Sandler upped their target price on Principal Financial Group to $90.00 in a research note on Tuesday, November 1st. Citigroup upped their target price on Principal Financial Group from $62.00 to $65.00 in a research note on Wednesday, November 16th. StockNews.com initiated coverage on Principal Financial Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Barclays lowered Principal Financial Group from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $81.00 to $89.00 in a research note on Tuesday, November 1st. Eight investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $78.25.
Principal Financial Group Stock Performance
Principal Financial Group (NASDAQ:PFG – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.24. Principal Financial Group had a return on equity of 14.61% and a net margin of 28.67%. The company had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.05 billion.
Institutional Investors Weigh In On Principal Financial Group
Institutional investors have recently bought and sold shares of the stock. Asset Dedication LLC boosted its holdings in Principal Financial Group by 5,666.7% during the 3rd quarter. Asset Dedication LLC now owns 346 shares of the company’s stock valued at $25,000 after acquiring an additional 340 shares during the period. MinichMacGregor Wealth Management LLC purchased a new stake in Principal Financial Group during the 4th quarter valued at about $25,000. Align Wealth Management LLC purchased a new stake in Principal Financial Group during the 4th quarter valued at about $32,000. Clear Street Markets LLC boosted its holdings in Principal Financial Group by 397.0% during the 2nd quarter. Clear Street Markets LLC now owns 492 shares of the company’s stock valued at $33,000 after acquiring an additional 393 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in Principal Financial Group during the 2nd quarter valued at about $33,000. 74.21% of the stock is currently owned by hedge funds and other institutional investors.
Principal Financial Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 19th. Stockholders of record on Thursday, December 1st were given a dividend of $0.64 per share. The ex-dividend date was Wednesday, November 30th. This represents a $2.56 annualized dividend and a dividend yield of 2.91%. Principal Financial Group’s dividend payout ratio (DPR) is presently 12.41%.
About Principal Financial Group
Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.
- Get a free copy of the StockNews.com research report on Principal Financial Group (PFG)
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