The stock price of Principal Financial Group Inc (NASDAQ: PFG) has plunged by -0.32 when compared to previous closing price of 86.64, but the company has seen a 0.42% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-07 that AUSTIN, Texas, Nov. 7, 2024 /PRNewswire/ — PerfectQuote, Inc., a leading group health digital quoting platform, announced its collaboration with Principal Financial Group ®, to provide PerfectQuote customers with direct, underwritten proposals for dental, vision, life, disability and voluntary benefits delivered through its Request-for-Proposal (“RFP”) toolset. With a critical mass of firms and general agencies leveraging the PerfectQuote platform (including 14 of the top 20 largest U.S.- based firms) servicing almost 80,000 employers through the platform, insurance carriers are leveraging a frictionless digital distribution experience to deliver underwritten and bindable quotes; allowing PerfectQuote to continue its mission to enable distribution at scale to thousands of brokers nationwide along with reporting insights to help carrier sales and underwriting teams optimize their operations.
Is It Worth Investing in Principal Financial Group Inc (NASDAQ: PFG) Right Now?
Moreover, the 36-month beta value for PFG is 1.20. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for PFG is 227.27M and currently, short sellers hold a 1.05% of that float. On November 15, 2024, PFG’s average trading volume was 1.13M shares.
PFG’s Market Performance
PFG stock saw a decrease of 0.42% in the past week, with a monthly decline of -5.26% and a quarterly a decrease of 11.37%. The volatility ratio for the week is 1.50%, and the volatility levels for the last 30 days are 1.85% for Principal Financial Group Inc (PFG). The simple moving average for the past 20 days is 0.44% for PFG’s stock, with a 5.47% simple moving average for the past 200 days.
Analysts’ Opinion of PFG
Many brokerage firms have already submitted their reports for PFG stocks, with Barclays repeating the rating for PFG by listing it as a “Underweight.” The predicted price for PFG in the upcoming period, according to Barclays is $74 based on the research report published on September 05, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see PFG reach a price target of $99. The rating they have provided for PFG stocks is “Strong Buy” according to the report published on July 09th, 2024.
JP Morgan gave a rating of “Neutral” to PFG, setting the target price at $96 in the report published on July 02nd of the current year.
PFG Trading at 1.10% 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 -6.10% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 1.50%, as shares sank -5.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.36% upper at present.
During the last 5 trading sessions, PFG rose by +0.42%, which changed the moving average for the period of 200-days by +9.18% in comparison to the 20-day moving average, which settled at $85.98. In addition, Principal Financial Group Inc saw 9.78% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PFG starting from KEN MCCULLUM, who proposed sale 4,365 shares at the price of $78.78 back on Sep 05 ’24. After this action, KEN MCCULLUM now owns shares of Principal Financial Group Inc, valued at $343,879 using the latest closing price.
AMY FRIEDRICH TODSUBJECT TO ST, the Officer of Principal Financial Group Inc, proposed sale 23,575 shares at $81.19 during a trade that took place back on Sep 04 ’24, which means that AMY FRIEDRICH TODSUBJECT TO ST is holding shares at $1,914,054 based on the most recent closing price.
Stock Fundamentals for PFG
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 1.0 for the gross margin
The net margin for Principal Financial Group Inc stands at -0.01. The total capital return value is set at 0.01. Equity return is now at value -1.88, with -0.07 for asset returns.
Based on Principal Financial Group Inc (PFG), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 1.03. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is -293.77.
When we switch over and look at the enterprise to sales, we see a ratio of 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.54.
Conclusion
To wrap up, the performance of Principal Financial Group Inc (PFG) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
