Principal Financial Group Inc. (PFG) has seen a varied performance in the stock market, at times underperforming competitors, but also experiencing strong trading days. Barclays issued a underweight recommendation with a $74 target for PFG. Despite challenging moments, the group reported surpassing analyst forecasts for Q1 2024 earnings and displaying a positive outlook for 2024. The company is largely controlled by institutional shareholders, owning 72% of the entity. PFG has increased dividend payouts and outperformed with an 11% CAGR for shareholders over the past five years. However, scrutiny of its practices remains. Continuing their commitment to sustainability, PFG released the 2023 Sustainability Report, emphasizing their global approach to ESG integration, advocating financial inclusion and prioritizing consumer and product impact. In terms of leadership, Deanna Strable was named President and COO, and Joel Pitz has been appointed Interim CFO. PFG also announced the acquisition of the ESOP business from Ascensus and was upgraded by both Raymond James and J.P. Morgan. Kaskela Law announced an investigation into PFG, urging investors to make contact. Ultimately, investors are encouraged to retain PFG.
Principal Financial Group PFG News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Fri, 06 Sep 2024 21:12:00 GMT -
Rating 2
- Innovation -1
- Information 8
- Rumor 0
