Is Principal Financial Group Inc (NASDAQ: PFG) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Principal Financial Group® Announces Full Year and Fourth Quarter 2023 Results as well as 2024 Outlook.

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Stocks Info

This NASDAQ-listed company operates within the Asset Management industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $80.30 and fluctuated between $80.71 as its day high and $79.33 as its day low. The current market capitalization of Principal Financial Group Inc is $19.14B. A total of 0.96 million shares were traded on the day, compared to an average of 1.10M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, PFG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 107 BUYs and 9 SELLs from insiders. Insiders purchased 363,881 shares during that period but sold 142,637.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Principal Financial Group Inc pays an annual dividend of $2.60, resulting in a dividend yield of 3.24%, and it has a price to earnings (P/E) ratio of 32.16.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for PFG in the last 3 months, the mean price target is $81.64 with high estimates of $88.00 and low estimates of $68.00. In terms of 52-week highs and lows, PFG has a high of $91.57 and a low of $65.17.

As of this writing, PFG has an earnings estimate of $Procter & Gamble Company (The) per share for the current quarter. EPS was calculated based on a consensus of Pfizer, Inc. estimates, with a high estimate of $Principal Financial Group Inc per share and a lower estimate of $Pacific Gas & Electric Co.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PFG’s latest balance sheet shows that the firm has $80.49B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $46.18, while its Total Shareholder’s Equity was $16.46B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PFG is Buy with a score of 2.57.

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