Principal Financial Group Inc (PFG) Monthly Report
Publication Date: September 22, 2024
Company Overview
Principal Financial Group Inc (PFG), based in Des Moines, Iowa, stands as a prominent player in the financial services sector, particularly focusing on asset management and life & health insurance. Founded in 1879, PFG provides a comprehensive range of services that include retirement solutions, asset management, and diverse insurance products for businesses, individuals, and institutional clients globally. The company operates through three primary segments: Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection. Their offerings encompass defined contribution plans, individual retirement accounts, mutual funds, along with equity and fixed income investments.
Investment Analysis
Currently, analysts recommend investors hold their positions in PFG, with a target high price of $99.00, signaling potential appreciation while advising caution against aggressive trading moves. The company reports a total revenue of approximately $15.65 billion, showcasing solid financial performance and stability in today’s market. With a total of 231,584,000 shares outstanding and a short interest of only 0.0206%, investor sentiment remains relatively positive, indicating a limited bearish outlook on the stock.
PFG’s current trading price is $85.61, which is above its fifty-day moving average of $80.30, pointing to a potentially bullish trend. The stock has experienced notable volatility over the past year, hitting a fifty-two-week high of $88.26 and a low of $66.21. Despite the promising price action, the absence of EBITDA data complicates a thorough evaluation of the company’s operational efficiency and profitability.
Market Sentiment & Performance
The financial analysis shows a target mean price of $84.00, closely matching a target median price of $85.00, suggesting consensus among analysts regarding the asset’s valuation. With an average recommendation score of 3.0 from 12 analysts, the outlook portrays a neutral stance for PFG’s performance in the near term. As the stock approaches its fifty-two-week high, careful monitoring of market conditions and performance trends remains crucial for investors weighing their next strategic moves.
In summary, while Principal Financial Group Inc demonstrates stable performance and growth potential, caution is warranted as the stock nears historically high values.
| Metric | Value |
|---|---|
| Market Cap | $19.8b |
| Total Debt | $4.3b |
| Total Cash | $5.7b |
| Shares Outstanding | 231.6m |
| Float Shares | 230.3m |
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