Principal Financial Group (PFG) has been in the market headlines lately for various reasons, showing a strong performance in the past five years with a continuous increase in share price. Despite being downgraded to neutral by
JP Morgan, PFG has set a new 52-week high and experienced an overall
20% climb in its share price in the last year. PFG continues to receive neutral ratings from both JP Morgan and
Barclays, the latter adjusting its price target from $82 to $85 while maintaining an underweight rating. \n\nDespite the cautious view by analysts due to a softening sector cycle, the stock recently hit a 52-week high at $92.10. PFG has returned to profitability, challenging bearish narratives on earnings quality. The company beat Q3 expectations, raised guidance, showed
strong earnings growth, and addressed core operations' prolonged weakness. The consensus rating stands at 'hold' by brokerages, but with a recent dividend increase and upbeat outlook despite a Q3 earnings miss, there are positive indications for PFG. \n\n
HBK Sorce Advisory LLC and
Assenagon Asset Management S.A. increased their stake in PFG, which also announced a dividend increase to $0.78. The company now reports $784.3 billion in assets under management, further solidifying its position in the financial market.
Principal Financial Group PFG News Analytics from Sat, 26 Apr 2025 07:00:00 GMT to Sat, 10 Jan 2026 13:21:30 GMT -
Rating 7
- Innovation -4
- Information 6
- Rumor -5
