As of Friday close, Principal Financial Group Inc.’s (NASDAQ:PFG) stock was down -$0.15, moving down -0.20 percent to $76.47. The average number of shares traded per day over the past five days has been 901,320 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.50 fall in that time frame. In the last twenty days, the average volume was 1,063,240, while in the previous 50 days, it was 1,113,444.
Since last month, PFG stock retreated -8.45%. Shares of the company fell to $76.07 on 08/18/23, the lowest level in the past month. A 52-week high of $96.17 was reached on 02/08/23 after having rallying from a 52-week low of $65.17. Since the beginning of this year, PFG’s stock price has dropped by -8.88% or -$7.45, and marked a new high 10 times. However, the stock has declined by -20.48% since its 52-week high.
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PFG stock investors should be aware that Principal Financial Group Inc. (PFG) stock had its last reported insider trading activity 304 days ago on Oct 19. HELTON SANDRA L, the Director of the company, disposed of 1,000 shares for $80.02 on Oct 19. It resulted in a $80,020 divestment by the insider. HELTON SANDRA L sold 14,033 shares at an average price of $80.05 on Oct 18. The insider now owns 18,245 shares following the transaction. On Sep 13, EVP, Principal Asia Cheong Wee Yee sold 2,447 shares at $78.45 apiece. The transaction was valued at $191,967.
Valuation Metrics
Right now, Principal Financial Group Inc. (PFG) has a P/E ratio of about 11.82. The stock’s beta is 1.30. Besides these, the trailing price-to-sales (P/S) ratio of 1.31, the price-to-book (PB) ratio of 1.79, and the price-to-cash flow ratio of 4.57 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.39, and the total debt-to-equity ratio was 0.39. In the year ended June 29, operating margins totaled 13.60%. Based on annual data, PFG earned $6.06 billion in gross profit and brought in $17.49 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.30%. Return on equity (ROE) for the past 12 months was 16.30%.
In Principal Financial Group Inc.’s quarter-end financial report for June 29, it reported total debt of $3.99 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PFG’s revenue fell -87.18% to $2.82 billion during the quarter, while net income inched up to $3.56 billion. While analysts expected Principal Financial Group Inc. to report $1.65 quarterly earnings, the actual figure was $1.53 per share, beating the consensus estimate by -7.30%. During the quarter, the company generated $453.6 million in EBITDA. The value of shareholders’ equity is $241.72 million.
Technical Picture
This quick technical analysis looks at Principal Financial Group Inc.’s (PFG) price momentum. With a historical volatility rate of 12.03%, the RSI 9-day stood at 35.80% on 18 August.
With respect to its five-day moving average, the current Principal Financial Group Inc. price is down by -1.92% percent or -$1.50. At present, PFG shares trade -8.59% below its 20-day simple moving average and +5.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.30% above its SMA50 and -13.23% below its SMA200.
Stochastic coefficient K was 11.49% and Stochastic coefficient D was 9.88%, while ATR was 1.39. Given the Stochastic reading of 10.26% for the 14-day period, the RSI (14) reading has been calculated as 41.76%. As of today, the MACD Oscillator reading stands at -0.68, while the 14-day reading stands at -1.27.
Analyst Ratings
Jefferies upgraded its rating on Principal Financial Group Inc. (NASDAQ: PFG) to a Hold in a note to investors on June 23, 2023. The analysts firm previously had an Underperform rating on the stock.Principal Financial Group Inc. (PFG) has been rated Underweight by analysts. According to 6 brokerage firms, PFG is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Principal Financial Group Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $78.00, the current consensus forecast for the stock is $64.00 – $87.00. Based on these forecasts, analysts predict Principal Financial Group Inc. (PFG) will achieve an average price target of $77.71.
