Principal Financial Group (PFG) has been under close observation by market analysts and investors, showing a mixed performance. It experienced a series of underperformances when compared to its competitors throughout the week, despite daily gains, leading to downgraded ratings from Piper Sandler, Morgan Stanley, and Wells Fargo. PFG announced a dividend, which is larger than last year’s and also reported its third quarter results of 2024, which resulted in a net loss of $220M. The company is facing lowered EPS estimates for 2025 and 2026. However, it reported $740.6 Billion in Assets Under Management evidencing strong AUM growth. Notably,
Deanna Strable was appointed as the next CEO. Also, Lisa Coulson was appointed as the new Chief HR Officer, following a 17-year tenure with the company. The company calls for market optimism in 2025 and has won awards for being a great place to work for 13 consecutive years. Despite challenges, PFG is also focusing on its sustainability efforts. Lastly, the company experienced several buying and selling activities from financial institutional investors. Investment experts are advising to keep an eye on the company's performance in the upcoming quarter.
Principal Financial Group PFG News Analytics from Thu, 02 May 2024 07:00:00 GMT to Fri, 20 Dec 2024 23:43:00 GMT -
Rating -3
- Innovation 2
- Information 5
- Rumor -6
