Principal Financial Group (NYSE:PFG) Given New $95.00 Price Target at Piper Sandler

Principal Financial Group (NYSE:PFG) had its price target hoisted by equities researchers at Piper Sandler from $93.00 to $95.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 10.95% from the stock’s current price.

A number of other analysts have also issued reports on the stock. Wells Fargo & Company increased their price target on shares of Principal Financial Group from $69.00 to $74.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 19th. BMO Capital Markets began coverage on shares of Principal Financial Group in a research note on Thursday, January 23rd. They set a “market perform” rating and a $93.00 target price for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $91.00 price target on shares of Principal Financial Group in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised Principal Financial Group from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $95.00 to $92.00 in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods raised their price target on Principal Financial Group from $90.00 to $92.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $86.08.

Principal Financial Group Stock Up 0.6 %

Shares of PFG stock traded up $0.47 on Wednesday, reaching $85.62. 136,866 shares of the company’s stock traded hands, compared to its average volume of 1,461,274. The company has a market capitalization of $19.31 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 0.76 and a beta of 1.17. Principal Financial Group has a 12-month low of $72.21 and a 12-month high of $91.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.30 and a current ratio of 0.29. The business’s 50 day moving average price is $84.26 and its two-hundred day moving average price is $83.75.

Hedge Funds Weigh In On Principal Financial Group

A number of institutional investors have recently modified their holdings of PFG. Curio Wealth LLC bought a new stake in Principal Financial Group during the fourth quarter valued at about $29,000. BankPlus Trust Department acquired a new position in shares of Principal Financial Group during the 4th quarter worth about $33,000. Navigoe LLC bought a new stake in Principal Financial Group during the 4th quarter valued at approximately $37,000. Ameriflex Group Inc. acquired a new stake in Principal Financial Group in the 4th quarter valued at approximately $37,000. Finally, Covestor Ltd increased its position in Principal Financial Group by 144.3% in the 4th quarter. Covestor Ltd now owns 540 shares of the company’s stock worth $42,000 after buying an additional 319 shares during the period. Institutional investors own 75.08% of the company’s stock.

Principal Financial Group Company Profile

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services.