Principal Financial Group, Inc.’s Stock Price Soars to $82.33, Marking a Noteworthy 2.91% Increase

Principal Financial Group, Inc. (PFG)

82.33 USD +2.33 (+2.91%) Volume: 2.93M

Principal Financial Group, Inc.’s stock price is currently standing at 82.33 USD, witnessing a positive trading session with a percentage change of +2.91% and a trading volume of 2.93M. With a year-to-date percentage change of +6.36%, PFG’s stock performance continues to show promising growth in the financial market.

Latest developments on Principal Financial Group, Inc.

Today, Principal Financial Group, Inc. (NYSE:PFG) experienced stock price movements following a series of key events. The company reported Q4 earnings missing expectations but with revenues up year-over-year and a raised dividend. Despite this, shares were sold by Pacer Advisors Inc. and Robeco Institutional Asset Management B.V. However, Columbus Macro LLC increased its stake in the company. Principal Financial also delivered double-digit earnings growth, resulting in massive shareholder returns. The Q4 profit climbed due to strength in the specialty benefits business, with earnings beating estimates by $0.10 and revenue surpassing expectations. The company’s board approved a new share buyback authorization of $1.5 billion, with $800 million remaining under a prior repurchase program. These developments have impacted Principal Financial‘s stock price today.

A look at Principal Financial Group, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Principal Financial Group, Inc. offers a range of financial products and services to businesses, individuals, and institutional clients. According to Smartkarma Smart Scores, the company has a solid overall outlook, with high scores in Resilience and Dividend. This suggests that Principal Financial is well-positioned to weather economic downturns and provide consistent returns to investors through dividends.

While Principal Financial scores lower in Value and Growth, its strong performance in Resilience and Dividend indicates a stable and reliable financial institution. With a focus on retirement solutions, insurance, wellness programs, and investment products, Principal Financial continues to provide essential financial services to its clients. Overall, the company’s outlook remains positive, supported by its strong scores in key areas.

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