Principal Financial Group Inc (NASDAQ: PFG)’s stock price has dropped by -0.72 in relation to previous closing price of 84.84. Nevertheless, the company has seen a loss of -3.50% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-28 that Happy Thanksgiving! Enjoy the holiday season and dividend raises. Fourteen companies increased dividends this week, with Lancaster Colony extending its 62-year streak by 5.6%. The average dividend increase is 5.5%, and McDonald’s will become a dividend king next year with a 49-year streak. My strategy involves buying, holding, and adding to companies that consistently increase dividends and beat benchmarks, using data from U.S. Dividend Champions and NASDAQ.
Is It Worth Investing in Principal Financial Group Inc (NASDAQ: PFG) Right Now?
PFG has 36-month beta value of 1.20. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for PFG is 227.27M, and currently, short sellers hold a 1.27% ratio of that float. The average trading volume of PFG on December 05, 2024 was 1.18M shares.
PFG’s Market Performance
PFG stock saw an increase of -3.50% in the past week, with a monthly gain of 2.03% and a quarterly increase of 8.64%. The volatility ratio for the week is 1.12%, and the volatility levels for the last 30 days are 1.46% for Principal Financial Group Inc (PFG). The simple moving average for the past 20 days is -1.93% for PFG’s stock, with a 2.27% simple moving average for the past 200 days.
Analysts’ Opinion of PFG
Barclays, on the other hand, stated in their research note that they expect to see PFG reach a price target of $74. The rating they have provided for PFG stocks is “Underweight” according to the report published on September 05th, 2024.
Raymond James gave a rating of “Strong Buy” to PFG, setting the target price at $99 in the report published on July 09th of the current year.
PFG Trading at -2.44% 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 -8.43% of loss for the given period.
Volatility was left at 1.46%, however, over the last 30 days, the volatility rate increased by 1.12%, as shares sank -2.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.42% lower at present.
During the last 5 trading sessions, PFG fell by -4.09%, which changed the moving average for the period of 200-days by +5.10% in comparison to the 20-day moving average, which settled at $85.86. In addition, Principal Financial Group Inc saw 7.06% 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 WEE YEE CHEONG, who proposed sale 18,985 shares at the price of $87.21 back on Nov 25 ’24. After this action, WEE YEE CHEONG now owns shares of Principal Financial Group Inc, valued at $1,655,707 using the latest closing price.
WEE YEE CHEONG, the Officer of Principal Financial Group Inc, proposed sale 510 shares at $87.01 during a trade that took place back on Nov 18 ’24, which means that WEE YEE CHEONG is holding shares at $44,375 based on the most recent closing price.
Stock Fundamentals for PFG
Current profitability levels for the company are sitting at:
- -0.0 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 -0.0. 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.
When we switch over and look at the enterprise to sales, we see a ratio of 1.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.54.
Conclusion
To put it simply, Principal Financial Group Inc (PFG) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
