What Principal Financial Group Inc. (PFG) Insiders Are Up To

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Principal Financial Group Inc. (NASDAQ:PFG) finished Wednesday with a subtraction of -$0.78 to close at $76.06, a downside of -1.02 percent. An average of 2,033,080 shares of common stock have been traded in the last five days. There was a fall of -$1.52 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 1,875,735 shares traded, while the 50-day average volume stands at 1,611,830.

PFG stock has decreased by -0.42% in the last month. The company shares reached their 1-month lowest point of $73.16 on 09/07/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $61.04 and a high of $80.36 in 52 weeks. It has reached a new high 10 times so far this year and achieved 5.16% or $3.73 in price. In spite of this, the price is down -5.35% from the 52-week high.


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Insider Transactions

9 days have passed since Principal Financial Group Inc. (PFG) last reported insider trading activity. Cheong Wee Yee, who is EVP, Principal Asia, most recently acquired $2,447 shares at $78.45 per share on Sep 13. In this transaction, the insider spent $191,967. EVP, Principal Latin American, Walker Roberto, disposed of 9,000 shares at a price of $76.95 on Aug 22. The insider now owns more than $692,550 worth of shares. Prior to that, EVP, Principal Latin American Walker Roberto went on to Sale 12,975 shares at $78.04 each on Aug 19. An amount of $1,012,569 was transacted.

Valuation Metrics

Principal Financial Group Inc. (PFG) has a trailing price-to-earnings (P/E) ratio of 4.63. The stock’s beta is 1.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.34, the price-to-book (PB) ratio at 1.74, and the price-to-cash flow ratio at 8.98.

The company has a payout ratio of 15.30%. The company’s most recent quarterly dividend payment was $0.64 a share, without any change from last year. Its latest increase dividend $0.01 reported on Tuesday October 26 2021.

Financial Health

Further, the company has a long term debt to equity ratio of 0.39 and a total debt to equity ratio of 0.39 for the quarter ending March 30. Its gross profit as reported stood at $2.08 billion compared to revenue of $14.26 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Principal Financial Group Inc.’s return on assets was 1.40%.

Earnings Surprise

For the three-month period that ended March 30, Principal Financial Group Inc. had $4.28 billion in total debt. The analyst consensus anticipated Principal Financial Group Inc.’s latest quarter earnings to come in at $1.56 per share, but it turned out to be $1.63, a 4.50% surprise. For the quarter, EBITDA amounted to $3.9 billion. At the end of the quarter ending March 30, Principal Financial Group Inc.’s stock balance sheet showed total debt was $4.76 billion. Shareholders own equity worth $249.24 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Principal Financial Group Inc. (PFG) price momentum. RSI 9-day as of the close on 21 September was 45.61%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.79%.

As of today, PFG’s price is $76.96 -1.96% or -$1.52 from its 5-day moving average. PFG is currently trading -0.05% lower than its 20-day SMA and +7.67% higher than its 100-day SMA. However, the stock’s current price level is +15.72% above the SMA50 and +9.95% above the SMA200.

The stochastic %K and %D were 54.47% and 58.70%, respectively, and the average true range (ATR) was 1.75. With the 14-day stochastic at 43.67% and the average true range at 1.75, the RSI (14) stands at 51.14%. The stock has reached -0.76 on the 9-day MACD Oscillator while the 14-day reading was at 0.10.

Analyst Ratings

Credit Suisse downgraded Principal Financial Group Inc. (NASDAQ: PFG) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Principal Financial Group Inc. (PFG) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell PFG, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.

What is PFG’s price target for the next 12 months?

Analysts predict a range of price targets between $59.00 and $86.00, with a median target of $75.00. Taking a look at these predictions, the average price target given by analysts for Principal Financial Group Inc. (PFG) stock is $72.57.

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