Principal Financial GroupPFG
Market Cap: $18B
About: Principal Financial Group Inc is a leader in Global investment management offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through diverse family of financial services companies. It operates in four business segments that are Retirement and Income Solutions, Principal Global Investors, Principal International, and United States Insurance Solutions. The company receives maximum revenue in the form of premiums.
Employees: 19,800
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
46% more first-time investments, than exits
New positions opened: 92 | Existing positions closed: 63
11% more repeat investments, than reductions
Existing positions increased: 279 | Existing positions reduced: 251
4% more funds holding
Funds holding: 748 [Q1] → 777 (+29) [Q2]
3% more call options, than puts
Call options by funds: $13.5M | Put options by funds: $13.1M
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
0.02% less ownership
Funds ownership: 70.59% [Q1] → 70.57% (-0.02%) [Q2]
10% less capital invested
Capital invested by funds: $14.4B [Q1] → $13B (-$1.38B) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Barclays Alex Scott 89% 1-year accuracy 33 / 37 met price target | 5%downside $74 | Underweight Initiated | 4 Sept 2024 |
Morgan Stanley Bob Huang 100% 1-year accuracy 6 / 6 met price target | 7%upside $83 | Equal-Weight Maintained | 19 Aug 2024 |
Keefe, Bruyette & Woods Ryan Krueger 100% 1-year accuracy 13 / 13 met price target | 11%upside $86 | Market Perform Maintained | 30 Jul 2024 |
RBC Capital Scott Heleniak 94% 1-year accuracy 45 / 48 met price target | 12%upside $87 | Sector Perform Maintained | 29 Jul 2024 |
Wells Fargo Edward Kelly 33% 1-year accuracy 6 / 18 met price target | 10%upside $85 | Equal-Weight Maintained | 29 Jul 2024 |
Financial journalist opinion
Based on 4 articles about PFG published over the past 30 days