Principal Financial Group, Inc.’s stock price soars to $80.87, marking a significant 3.07% increase

Principal Financial Group, Inc. (PFG)

80.87 USD +2.41 (+3.07%) Volume: 1.87M

Principal Financial Group, Inc.’s stock price is currently performing strong at 80.87 USD, marking a positive shift of +3.07% this trading session. With a trading volume of 1.87M and a year-to-date percentage increase of +2.80%, PFG’s stock continues to show promising growth potential, making it a noteworthy consideration for investors.

Latest developments on Principal Financial Group, Inc.

Principal Financial Group Inc. has been actively involved in various stock transactions recently, acquiring shares in companies like Redfin Co., Luminar Technologies, and Alignment Healthcare, among others. The company also made new investments in Applied Digital Co. and Vera Bradley Inc. Additionally, Principal Financial Group Inc. has been strategically trimming its positions in companies like MFA Financial Inc. and Chegg Inc. These activities have led to fluctuations in the stock price of Principal Financial Group Inc., with Raymond James recently upgrading the company to a “Strong Buy” rating, resulting in a 2.9% increase in their stock shares. Despite facing some underperformance compared to competitors, Principal Financial Group Inc. continues to make strategic moves in the market.

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

Looking at the Smartkarma Smart Scores for Principal Financial, the company seems to have a balanced outlook across different factors. With moderate scores in Value, Dividend, Growth, and Momentum, it indicates a stable performance in these areas. The higher Resilience score suggests that the company is well-positioned to weather market fluctuations and economic challenges in the long term.

Principal Financial Group, Inc. provides a variety of financial services to a wide range of clients, including businesses, individuals, and institutions. With a focus on retirement solutions, insurance, wellness programs, and investment products, the company aims to meet the diverse needs of its customers. The Smartkarma Smart Scores offer a snapshot of the company’s overall outlook, highlighting its strengths in resilience and a solid foundation for future growth.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma