Should You Invest in Principal Financial Group Inc (PFG) Now?

Principal Financial Group Inc (NASDAQ: PFG) has a higher price-to-earnings ratio of 35.41x compared to its average ratio, The 36-month beta value for PFG is at 1.23. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”

The public float for PFG is 234.46M, and currently, shorts hold a 1.46% of that float. The average trading volume for PFG on April 04, 2024 was 1.19M shares.

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PFG) stock’s latest price update

The stock of Principal Financial Group Inc (NASDAQ: PFG) has increased by 0.50 when compared to last closing price of 85.34. Despite this, the company has experienced a 1.51% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Principal Financial (PFG) have what it takes?

PFG’s Market Performance

Principal Financial Group Inc (PFG) has seen a 1.51% rise in stock performance for the week, with a 6.31% gain in the past month and a 8.42% surge in the past quarter. The volatility ratio for the week is 1.45%, and the volatility levels for the past 30 days are at 1.57% for PFG. The simple moving average for the last 20 days is 3.62% for PFG stock, with a simple moving average of 11.88% for the last 200 days.

Analysts’ Opinion of PFG

Many brokerage firms have already submitted their reports for PFG stocks, with Morgan Stanley repeating the rating for PFG by listing it as a “Equal-Weight.” The predicted price for PFG in the upcoming period, according to Morgan Stanley is $75 based on the research report published on February 15, 2024 of the current year 2024.

Evercore ISI, on the other hand, stated in their research note that they expect to see PFG reach a price target of $83, previously predicting the price at $82. The rating they have provided for PFG stocks is “In-line” according to the report published on January 04th, 2024.

Jefferies gave a rating of “Hold” to PFG, setting the target price at $65 in the report published on June 23rd of the previous year.

PFG Trading at 6.10% from the 50-Day Moving Average

After a stumble in the market that brought PFG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.15% of loss for the given period.

Volatility was left at 1.57%, however, over the last 30 days, the volatility rate increased by 1.45%, as shares surge +5.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.21% upper at present.

During the last 5 trading sessions, PFG rose by +1.51%, which changed the moving average for the period of 200-days by +15.75% in comparison to the 20-day moving average, which settled at $83.01. In addition, Principal Financial Group Inc saw 9.03% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for PFG

Current profitability levels for the company are sitting at:

  • 0.06 for the present operating margin
  • 1.0 for the gross margin

The net margin for Principal Financial Group Inc stands at 0.05. The total capital return value is set at 0.0. Equity return is now at value 5.96, with 0.22 for asset returns.

Based on Principal Financial Group Inc (PFG), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.95. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 136.59.

Currently, EBITDA for the company is -76.0 million with net debt to EBITDA at -0.31. When we switch over and look at the enterprise to sales, we see a ratio of 1.43. The receivables turnover for the company is 0.56for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.

Conclusion

In conclusion, Principal Financial Group Inc (PFG) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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