Research Analysts’ Weekly Ratings Changes for Principal Financial Group (PFG)

Several brokerages have updated their recommendations and price targets on shares of Principal Financial Group (NYSE: PFG) in the last few weeks:

• 2/19/2025 – Principal Financial Group had its price target raised by analysts at Wells Fargo & Company from $69.00 to $74.00. They now have an “underweight” rating on the stock.
• 2/12/2025 – Principal Financial Group had its price target raised by analysts at Keefe, Bruyette & Woods from $90.00 to $92.00. They now have a “market perform” rating on the stock.
• 2/10/2025 – Principal Financial Group had its price target raised by analysts at Piper Sandler from $90.00 to $93.00. They now have an “overweight” rating on the stock.
• 2/7/2025 – Principal Financial Group had its price target raised by analysts at Barclays PLC from $77.00 to $80.00. They now have an “underweight” rating on the stock.
• 1/23/2025 – Principal Financial Group is now covered by analysts at BMO Capital Markets. They set a “market perform” rating and a $93.00 price target on the stock.
• 1/16/2025 – Principal Financial Group had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $91.00 price target on the stock.
• 1/14/2025 – Principal Financial Group had its price target lowered by analysts at Wells Fargo & Company from $75.00 to $69.00. They now have an “underweight” rating on the stock.
• 1/10/2025 – Principal Financial Group had its price target lowered by analysts at Keefe, Bruyette & Woods from $93.00 to $90.00. They now have a “market perform” rating on the stock.
• 1/7/2025 – Principal Financial Group was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $92.00 price target on the stock, down previously from $95.00.

Principal Financial Group Price Performance

PFG opened at $85.36 on Wednesday. Principal Financial Group, Inc. has a twelve month low of $72.21 and a twelve month high of $91.97. The firm has a market cap of $19.25 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 0.76 and a beta of 1.22. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $80.97 and a 200 day simple moving average of $82.70.

Principal Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Wednesday, March 12th. This is a positive change from Principal Financial Group’s previous quarterly dividend of $0.73. Principal Financial Group’s dividend payout ratio (DPR) is 44.91%.

Hedge Funds Weigh In On Principal Financial Group

A number of institutional investors have recently made changes to their positions in the business. Ameriflex Group Inc. bought a new stake in shares of Principal Financial Group in the fourth quarter worth $37,000. CTC Alternative Strategies Ltd. bought a new stake in shares of Principal Financial Group in the 4th quarter worth about $209,000. EDENTREE ASSET MANAGEMENT Ltd bought a new stake in shares of Principal Financial Group in the 4th quarter worth about $8,308,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Principal Financial Group by 12.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,877,246 shares of the company’s stock valued at $145,318,000 after purchasing an additional 209,885 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of Principal Financial Group by 2.0% during the fourth quarter. Voloridge Investment Management LLC now owns 879,704 shares of the company’s stock worth $68,098,000 after purchasing an additional 17,600 shares during the last quarter. 75.08% of the stock is owned by institutional investors and hedge funds.

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 Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.