Principal Financial (PFG) Gets a Hold Rating from Morgan Stanley


In a report released today, Nigel Dally from Morgan Stanley maintained a Hold rating on Principal Financial (PFG), with a price target of $56.00. The company’s shares closed last Friday at $53.24, close to its 52-week high of $57.16.

According to TipRanks.com, Dally is a 4-star analyst with an average return of 15.4% and a 63.6% success rate. Dally covers the Financial sector, focusing on stocks such as Brighthouse Financial, Ameriprise Financial, and Prudential Financial.

Principal Financial has an analyst consensus of Moderate Buy, with a price target consensus of $50.50, which is a -4.4% downside from current levels. In a report issued on January 8, Evercore ISI also upgraded the stock to Hold.

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The company has a one-year high of $57.16 and a one-year low of $23.31. Currently, Principal Financial has an average volume of 1.51M.

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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.

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