B of A Securities Downgrades Principal Financial Group to Sell
B of A Securities cuts Principal Financial Group's rating to 'sell' with a $95 target, a 9.90% downside from the current price.
Key Points
- On June 24, 2026, B of A Securities analyst Joshua Shanker downgraded Principal Financial Group, Inc. (PFG) to a 'sell' rating with a price target of $95.
- B of A Securities's $95 price target implies 9.90% downside from Principal Financial Group, Inc.'s ($PFG) current $105.44 share price.
- Shares of NasdaqGS:PFG traded near $112.36 on Wednesday, with a market cap of approximately $24.03 billion and a P/E ratio of 15.96.
- Insider activity shows mixed trades by CEO Deanna Strable-Soethout, while analysts have varied ratings with a consensus 'hold' and target mean price of $101.5.
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On June 24, 2026, B of A Securities analyst Joshua Shanker downgraded Principal Financial Group, Inc. (NasdaqGS:PFG) to a 'sell' rating and set a price target of $95. This move reflects a more cautious outlook on the financial services company, which provides retirement, asset management, and insurance products globally.
B of A Securities vs. the S&P 500
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Principal Financial Group, Inc. Stock Down 5.4%
Shares of NasdaqGS:PFG traded near $112.36 on Wednesday. The company has a market cap of approximately $24.03 billion and a P/E ratio of 15.96. The stock's 52-week range has been between $75.00 and $112.23, with a 50-day moving average of $101.57 and a 200-day moving average of $90.71. Principal Financial Group maintains a current ratio of 1.53 and a debt-to-equity ratio of 33.62.
$PFG price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Principal Financial Group reported revenue of about $15.46 billion, though it experienced a slight decline in revenue growth at -4.5%. The company holds a net margin of 10.1% and a return on equity of 13.4%. The next earnings report is anticipated on July 27, 2026.
Dividend
Principal Financial Group offers a dividend rate of $3.28 per share, yielding approximately 2.99% with a payout ratio of 44.91%. This provides investors with a steady income stream alongside their equity investment.
Insider Buying and Selling at Principal Financial Group, Inc.
CEO Deanna Strable-Soethout engaged in several transactions in June 2026. On June 12, she bought and sold 30,708 shares at an average price of $62.78 and $110.59, respectively. Additionally, she bought 19,767 shares on June 11 at $110.06. These trades were not part of a Rule 10b5-1 plan.
Analysts Set New Price Targets
On June 24, 2026, B of A Securities downgraded the stock to 'sell' with a $95 target. Previously, Morgan Stanley maintained a 'hold' rating with a $107 target on May 21, while Raymond James downgraded it to 'buy' with a $111 target on May 19. The consensus recommendation remains 'hold', with an average target price of $101.5 based on 12 analyst opinions.
About Principal Financial Group
Principal Financial Group, Inc. is a financial services company headquartered in Des Moines, Iowa. It provides a range of retirement, asset management, and insurance products to individuals, businesses, and institutions worldwide. The company operates through several segments, including Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection. Founded in 1879, Principal Financial Group is led by CEO Deanna Dawnette Strable-Soethout and employs approximately 19,700 people.
Bottom Line
B of A Securities' downgrade of Principal Financial Group to 'sell' signals a cautious stance on the company's future performance. Investors may keep an eye on upcoming earnings and insider activities for further insights. Remember, analyst ratings are backward-looking and should be considered as part of broader research.
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