Analysts Offer Insights on Financial Companies: Principal Financial (PFG) and Pennantpark $ (PFLT)
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Principal Financial Group Inc is a leader in Global investment management offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through diverse family of financial services companies. It operates in four business segments that are Retirement and Income Solutions, Principal Global Investors, Principal International, and United States Insurance Solutions. The company receives maximum revenue in the form of premiums.
Principal Finl Gr trades on the NASDAQ stock market under the symbol PFG.
As of May 10, 2024, PFG stock price climbed to $83.96 with 711,334 million shares trading.
PFG has a beta of 0.85, meaning it tends to be less sensitive to market movements. PFG has a correlation of 0.23 to the broad based SPY ETF.
PFG has a market cap of $19.73 billion. This is considered a Large Cap stock.
Last quarter Principal Finl Gr reported $4 billion in Revenue and $1.65 earnings per share. This beat revenue expectation by $125 million and missed earnings estimates by -$.08.
In the last 3 years, PFG stock traded as high as $96.17 and as low as $58.66.
The top ETF exchange traded funds that PFG belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
PFG stock has underperformed the market in the last year with a return of +22.8%, while SPY returned +28.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PFG shares. However, PFG has outperformed the market in the last 3 month and 2 week periods, returning +8.2% and +3.6%, while SPY returned +4.2% and +3.4%, respectively. This indicates PFG has been having a stronger performance recently.
PFG support price is $82.50 and resistance is $84.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PFG stock will trade within this expected range on the day.