Principal Financial Group (PFG) has seen various movements on every front in the recent period. The company, with a significant 72% ownership by institutional shareholders, has noted positive and negative shifts from multiple entities. The Retirement Systems of Alabama, Russell Investments Group Ltd, New York Life Investment Management LLC, New York State Common Retirement Fund, and Swiss National Bank all reduced their holdings. On the counter side, International Assets Investment Management LLC, First Trust Direct Indexing L.P., and Cwm LLC all increased their stake in the PFG. The company announced its quarterly dividend of $0.71 and stated that it was increasing its dividend. Their Q1 2024 earning call affirmed this position as they surpassed analyst forecasts. Their full year 2023 earnings indicated significant revenues but falling somewhat short on EPS. Yet, it seems to have shown a positive 2024 outlook. Despite some underperformance when compared to competitors, it was noted by analysts that PFG is undervalued by up to 26.01%. Closing note on the company indicates that it was trading positively due to strong trading days, although in some instances has underperformed the market. However, despite the fluctuations, PFG is still viewed as a great dividend stock and an excellent value choice for investors.
Principal Financial Group PFG News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Tue, 07 May 2024 21:10:00 GMT -
Rating 5
- Innovation 1
- Information 7
- Rumor -2
