Citigroup Maintains Sell on Principal Finl Gr, Raises Price Target to $70
$PFG
Accident &Health Insurance
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Citigroup analyst Michael Ward maintains Principal Finl Gr (NASDAQ:PFG) with a Sell and raises the price target from $68 to $70.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/5/2024 | $74.00 | Underweight | Barclays |
| 7/9/2024 | $99.00 | Mkt Perform → Strong Buy | Raymond James |
| 7/2/2024 | $88.00 → $96.00 | Underweight → Neutral | JP Morgan |
| 2/15/2024 | $75.00 | Underweight → Equal-Weight | Morgan Stanley |
| 1/4/2024 | $82.00 → $83.00 | Underperform → In-line | Evercore ISI |
| 6/23/2023 | $60.00 → $65.00 | Underperform → Hold | Jefferies |
| 6/9/2023 | $77.00 → $75.00 | Underperform → Mkt Perform | Keefe Bruyette |
| 5/1/2023 | $81.00 → $78.00 | Buy → Neutral | BofA Securities |
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Barclays initiated coverage of Principal Fincl with a rating of Underweight and set a new price target of $74.00
Raymond James upgraded Principal Fincl from Mkt Perform to Strong Buy and set a new price target of $99.00
JP Morgan upgraded Principal Fincl from Underweight to Neutral and set a new price target of $96.00 from $88.00 previously
Citigroup analyst Michael Ward maintains Principal Finl Gr (NASDAQ:PFG) with a Sell and raises the price target from $68 to $70.
Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Principal Finl Gr (NASDAQ:PFG) in the last three months. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 5 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 3 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $88.0, a high estimate of $99.00, and
Jefferies analyst Suneet Kamath maintains Principal Finl Gr (NASDAQ:PFG) with a Hold and raises the price target from $73 to $76.
Raises fourth quarter 2024 common stock dividend Principal Financial Group® (NASDAQ:PFG) announced results for third quarter 2024. Third Quarter 2024 Highlights Net loss attributable to Principal Financial Group (PFG) of $220 million, or $0.95 per diluted share, driven by the loss from exited business Non-GAAP net income attributable to PFG, excluding exited business, of $419 million, or $1.78 per diluted share Non-GAAP operating earnings1 of $412 million, or $1.76 per diluted share; excluding impacts of the 3Q24 significant variances2, non-GAAP operating earnings of $480 million, or $2.05 per diluted share Returned $416 million of capital to shareholders, including $251 millio
Results will be released October 24, Conference call scheduled for October 25 Principal Financial Group® (NASDAQ:PFG) announced today that it will release third quarter 2024 financial results 15 minutes after U.S. markets close on Thursday, October 24, 2024. On Friday, October 25, 2024, at 10 a.m. ET, Dan Houston, chairman and chief executive officer, and Deanna Strable, president and chief operating officer, will discuss the results during a live conference call. Other members of senior management will be available for a question and answer session. Additional information about quarterly financial results, including the earnings release, supplement, and slides will be available on our we
Raises third quarter 2024 common stock dividend Principal Financial Group® (NASDAQ:PFG) announced results for second quarter 2024. Second Quarter 2024 Highlights Net income attributable to Principal Financial Group (PFG) of $353 million, or $1.49 per diluted share Non-GAAP net income attributable to PFG, excluding exited business, of $356 million, or $1.50 per diluted share Non-GAAP operating earnings1 of $386 million, or $1.63 per diluted share Returned $415 million of capital to shareholders, including $250 million of share repurchases and $165 million of common stock dividends Raised third quarter 2024 common stock dividend to $0.72 per share, a 1 cent increase over th
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Dan Houston to remain executive chair of the Board Principal Financial Group® (NASDAQ:PFG) today announced the Board of Directors has appointed president and chief operating officer Deanna Strable as the company's next president and chief executive officer, effective January 7, 2025. Strable succeeds Dan Houston, who will continue to serve as executive chair of the Board. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112003177/en/Deanna Strable. (Photo: Business Wire) "I'm incredibly proud of the company we have built, the culture of care and expertise developed, and our unwavering commitment to clients. It has been an hon
New offering expands flagship capabilities to meet client demand in the market Principal Asset Management℠ announced the launch of the International Equity ETF (PIEQ). This ETF will be a large-cap portfolio managed by the Principal equities team. Principal equities, with $154.8 billion in AUM1, has a focused investment strategy combining global insights with local knowledge to deliver a wide range of specialized equity investment solutions. Demand for active ETFs was the strongest ever in 2023, reaching an all-time high of $349 billion in the category2. This is expected to continue as advisor allocations to active ETFs are expected to increase by 45% over the next two years3. The Intern
AUSTIN, Texas, Nov. 7, 2024 /PRNewswire/ -- PerfectQuote, Inc., a leading group health digital quoting platform, announced its collaboration with Principal Financial Group®, to provide PerfectQuote customers with direct, underwritten proposals for dental, vision, life, disability and voluntary benefits delivered through its Request-for-Proposal ("RFP") toolset. With a critical mass of firms and general agencies leveraging the PerfectQuote platform (including 14 of the top 20 largest U.S.- based firms) servicing almost 80,000 employers through the platform, insurance carriers are leveraging a frictionless digital distribution experience to deliver underwritten and bindable quotes; allowing P
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A collaboration to equip young women with financial literacy skills Principal Financial Group® and Girl Scouts of Greater Iowa (GSGI) announced a collaboration today unveiling two initiatives designed to empower young women and enhance community involvement: Girl Scout Takeover Day and the DataSetGold program. Girl Scout Takeover Day at Principal Principal will host a Takeover Day set to inspire and engage girls in grades 6-12 with a variety of enriching activities on Friday, September 27, 2024, from 10 a.m. to 2 p.m. at Principal world headquarters in Des Moines, Iowa. This collaboration with GSGI is open to Girl Scout Cadettes, Seniors and Ambassadors as well as young women in grade
Mansi Patel joins as head of infrastructure debt Principal Asset Management℠ today announced the launch of its new private infrastructure debt capability (the capability) and the hiring of Mansi Patel as senior managing director, head of infrastructure debt to lead its launch and implementation. This new capability adds to the firm's long-standing expertise in public listed infrastructure, real estate debt, and alternative credit. The capability will focus on investing in a diversified portfolio of private infrastructure debt, targeting thematic investments in globalization, decarbonization, and electrification. By doing so, it aims to generate a higher risk premium relative to its publ
Annual PGA TOUR Champions event raised more than $7.3 million for Iowa children's charities The Principal Charity Classic today announced its 2021 tournament raised more than $7.3 million in support of Iowa children's charities, surpassing the event's previous record of $6.7 million set in 2020 despite the tournament being canceled due to COVID-19. The annual PGA TOUR Champions event in Des Moines has now raised more than $37 million for Iowa children's charities since Principal Financial Group® became the title sponsor in 2007. "The record levels of generosity have brought the Principal Charity Classic to new heights. It's a true testament to the sponsors, volunteers, players, fans, and