Principal Financial Group Inc
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- Market Cap.:
- $18.19 billion
- Book Value:
- Revenue TTM:
- $14.11 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $11.03 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Principal Financial Group Inc had its IPO on 2001-10-23 under the ticker symbol PFG.
The company operates in the Financial Services sector and Asset Management industry. Principal Financial Group Inc has a staff strength of 19,300 employees.
Shares of Principal Financial Group Inc opened at $75.27 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $74.87 - $76.53, and closed at $76.03.
This is a +1.01% increase from the previous day's closing price.
A total volume of 823,809 shares were traded at the close of the day’s session.
In the last one week, shares of Principal Financial Group Inc have slipped by -2.24%.
Principal Financial Group Inc's Key Ratios
Principal Financial Group Inc has a market cap of $18.19 billion, indicating a price to book ratio of 2.2813 and a price to sales ratio of 1.1412.
In the last 12-months Principal Financial Group Inc’s revenue was $14.11 billion with a gross profit of $11.03 billion and an EBITDA of $2.14 billion. The EBITDA ratio measures Principal Financial Group Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Principal Financial Group Inc’s operating margin was 12.97% while its return on assets stood at 0.39% with a return of equity of 14.85%.
In Q2, Principal Financial Group Inc’s quarterly earnings growth was a negative -87% while revenue growth was a negative 46.6%.
Principal Financial Group Inc’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $6.56 per share while it has a forward price to earnings multiple of 12.3153 and a PEG multiple of 1.5. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Principal Financial Group Inc’s profitability.
Principal Financial Group Inc stock is trading at a EV to sales ratio of 1.1569 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 1.1412.
Principal Financial Group Inc stock pays annual dividends of $2.56 per share, indicating a yield of 3.45% and a payout ratio of 40.16%.
Balance sheet and cash flow metrics
- Total Assets
- $10.64 billion
- Total Liabilities
- $19.96 billion
- Operating Cash Flow
- $21.70 million
- Capital Expenditure
- $20.90 million
- Dividend Payout Ratio
Principal Financial Group Inc ended 2023 with $10.64 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $10.64 billion while shareholder equity stood at $10.39 billion.
Principal Financial Group Inc ended 2023 with $1.41 billion in deferred long-term liabilities, $19.96 billion in other current liabilities, 4900000.00 in common stock, $16.63 billion in retained earnings and $1.64 billion in goodwill. Its cash balance stood at $4.07 billion and cash and short-term investments were $4.07 billion. The company’s total short-term debt was $26,300,000 while long-term debt stood at $23.91 billion.
Principal Financial Group Inc’s total current assets stands at $4.07 billion while long-term investments were $97.57 billion and short-term investments were $64.24 billion. Its net receivables were $24.15 billion compared to accounts payable of $19.92 billion and inventory worth $0.
In 2023, Principal Financial Group Inc's operating cash flow was $21.70 million while its capital expenditure stood at $20.90 million.
Comparatively, Principal Financial Group Inc paid $0.40 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Principal Financial Group Inc stock is currently trading at $76.03 per share. It touched a 52-week high of $92.9619 and a 52-week low of $92.9619. Analysts tracking the stock have a 12-month average target price of $75.62.
Its 50-day moving average was $77.7 and 200-day moving average was $78.22 The short ratio stood at 4.1 indicating a short percent outstanding of 0%.
Around 78.7% of the company’s stock are held by insiders while 7530.1% are held by institutions.
Frequently Asked Questions About Principal Financial Group Inc
Similar Industry Stocks (Asset Management)
Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services. It offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit plans, nonqualified executive benefit plans, employee stock ownership plans, equity compensation, and pension risk transfer services; individual retirement accounts; investment only products; and mutual funds, individual variable annuities, and bank products, as well as trust and custody services. The Principal Global Investors segment provides equity, fixed income, real estate, and other alternative investments, as well as asset allocation, stable value management, and other structured investment strategies. The Principal International segment offers pension accumulation products and services, mutual funds, asset management, income annuities, and life insurance accumulation products, as well as voluntary savings plans in Brazil, Chile, Mexico, China, Hong Kong Special Administrative Region, and Southeast Asia. The U.S. Insurance Solutions segment provides specialty benefits, such as group dental and vision insurance, group life insurance, and group and individual disability insurance, as well as administers group dental, disability, and vision benefits; and individual life insurance products comprising universal, variable universal, indexed universal, and term life insurance products in the United States. It also offers insurance solutions for small and medium-sized businesses and their owners, as well as executives. Principal Financial Group, Inc. was founded in 1879 and is based in Des Moines, Iowa.