PFG | 03 May 2024 | AI Stock Analysis & News

Principal Financial Group’s stock price dropped by 7.1% following a disappointing earnings announcement.

Stock AI’s forecasts:
🔴 -7.1% short-term ⬇️
🔴 -3.8% long-term ⬇️

Stock AI’s (PFG) Forecast get (+2.0% Profit)

StockAI’s analysis delivers real-world results. On 15 February 2024, $PFG ($81.02), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $79.41 (🔴-2.0%). Selling PFG on this signal yielded a +2.0% profit 💰💰.

PFG-Principal Financial Group, Inc. News

🔴 Principal Financial Group (PFG) missed analysts’ consensus estimates for the quarter ended March 2024, leading to a gap down in share price.

🟢 Morgan Stanley raised PFG’s price target from $81.00 to $82.00, maintaining an equal weight rating on the stock.

🔴 Tobam reduced its stake in PFG by 65.7% during the 4th quarter, signaling a lack of confidence in the company.

🔴 Clarius Group LLC decreased its holdings in PFG by 17.1% in the 4th quarter, potentially impacting the stock’s performance.

🔴 California Public Employees Retirement System lessened its position in PFG by 4.9% in the 4th quarter, which could have a negative impact on the stock.

🟢 Piper Sandler raised PFG’s target price from $85.00 to $90.00, indicating a positive outlook for the stock.

The recent news surrounding Principal Financial Group (PFG) has been a mix of positive and negative developments. While the company missed analyst estimates for the quarter, leading to a decline in share price, there have been some positive updates such as an increase in price target by Morgan Stanley and Piper Sandler. However, the reduction in stakes by Tobam and Clarius Group LLC, as well as California Public Employees Retirement System, could potentially weigh down on the stock’s performance. Investors will need to closely monitor these developments to gauge the overall impact on PFG’s stock price in the short and long term.

PFG-Principal Financial Group, Inc. Analyst Ratings

In recent analyst ratings for Principal Financial Group, Inc. stock, there have been several changes noted:

📉 Wells Fargo & Company lowered their price target on PFG from $91.00 to $85.00.
📈 Evercore ISI increased their price target on PFG from $84.00 to $86.00.
📉 Piper Sandler raised their target price on PFG from $85.00 to $90.00.

1. ETF Daily News – Wells Fargo & Company
2. ETF Daily News – Evercore ISI
3. ETF Daily News – Piper Sandler


Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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