Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Principal Financial (PFG – Research Report) today and set a price target of $72.00. The company’s shares closed last Friday at $78.45.
Greenspan covers the Financial sector, focusing on stocks such as Allstate, Everest Group, and American International Group. According to TipRanks, Greenspan has an average return of 10.7% and a 61.49% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Principal Financial with a $75.29 average price target.
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Based on Principal Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.6 billion and a net profit of $1.25 billion. In comparison, last year the company earned a revenue of $4.6 billion and had a net profit of $1.32 billion
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Principal Financial (PFG) Company Description:
Principal Financial Group, Inc. is a financial company, which offers financial products and services to businesses, individuals and institutional clients. It specializes in retirement solutions, insurance, and investment products through its diverse family of financial services companies and national network of financial professionals. It operates its business through following segments: Retirement and Income Solutions, Principal Global Investors, Principal International, U.S. Insurance Solutions and Corporate. The Retirement and Income Solutions segment provides retirement and related financial products and services primarily to businesses, their employees and other individuals. The Principal Global Investors segment provides asset management services to asset accumulation business, insurance operations, corporate segment and third party clients and also refers to mutual fund business. The Principal International segment offers pension accumulation products and services, mutual funds, asset management, income annuities and life insurance accumulation products. The U.S. Insurance Solutions segment operates through two divisions. Specialty benefits insurance division consists of group dental and vision insurance, individual and group disability insurance, group life insurance and non-medical fee-for-service claims administration. Individual life insurance division provides solutions for small & medium-sized businesses. The Corporate segment manages the assets representing capital that has not been allocated to any other segment. The company was founded by Edward A. Temple in 1879 and is headquartered in Des Moines, IA.
Read More on PFG:
- Principal Financial price target raised to $72 from $71 at Morgan Stanley
- Principal Financial price target lowered to $74 from $75 at Barclays
- Principal Financial price target lowered to $74 from $80 at Piper Sandler
- Principal sees two large institutional outflows to impact net cash flow by $5B
- Principal Financial reports Q3 adjusted EPS $1.72, consensus $1.64
