In a report released today, Nigel Dally from Morgan Stanley maintained a Hold rating on Principal Financial (PFG), with a price target of $61. The company’s shares closed yesterday at $48.58, close to its 52-week low of $45.20.
According to TipRanks.com, Dally is a 4-star analyst with an average return of 13.7% and a 62.9% success rate. Dally covers the Financial sector, focusing on stocks such as Brighthouse Financial Inc, Prudential Financial Inc, and Lincoln National Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Principal Financial with a $61.75 average price target, a 27.1% upside from current levels. In a report released yesterday, UBS also maintained a Hold rating on the stock with a $53.49 price target.
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Principal Financial’s market cap is currently $13.78B and has a P/E ratio of 6.56. The company has a Price to Book ratio of 1.18.
Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PFG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
The Principal Financial Group, Inc. is a global financial company, which offers businesses, individuals and institutional clients financial products and services. It specializes in retirement solutions, insurance, and investment products through the company’s diverse family of financial services companies and national network of financial professionals.
