Piper Sandler Reiterates Buy Rating on Principal Financial Group
Piper Sandler maintains its buy rating on Principal Financial Group with a $125 target, a 16.01% upside from the current price.
Key Points
- Piper Sandler reiterated its buy rating on Principal Financial Group, Inc. (PFG) with a price target of $125 on June 24, 2026.
- Piper Sandler's $125 price target implies 16.01% upside from Principal Financial Group, Inc.'s ($PFG) current $107.75 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.
- Recent insider activity at Principal Financial Group includes multiple transactions by CEO Deanna Strable-Soethout in June 2026.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Piper Sandler reiterated its buy rating on Principal Financial Group, Inc. (NasdaqGS:PFG) on June 24, 2026, maintaining a price target of $125. Analyst Paul Newsome expressed continued confidence in the company's prospects as PFG shares traded near $112.36 on Wednesday.
Piper Sandler vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Principal Financial Group, Inc. Stock Down 3.3%
Shares of Principal Financial Group, Inc. (NasdaqGS:PFG) traded around $112.36 on Wednesday. The company, with a market cap of approximately $24.03 billion, has a P/E ratio of 15.96 and a forward P/E of 10.89. Its beta of 0.896 suggests lower volatility compared to the broader market. 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.
$PFG price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Analysts Set New Price Targets
On June 24, 2026, Piper Sandler maintained its buy rating on Principal Financial Group with a price target of $125. B of A Securities, on the same day, downgraded the stock to a sell rating with a $95 target. Earlier, on May 21, 2026, Morgan Stanley maintained a hold rating with a target of $107, while Raymond James downgraded it to a buy with a target of $111 on May 19, 2026. The consensus outlook, based on 12 analyst opinions, remains a hold with an average price target of $101.50.
Insider Buying and Selling at Principal Financial Group, Inc.
Recent insider activity at Principal Financial Group saw CEO Deanna Strable-Soethout involved in several transactions. On June 12, 2026, she bought and sold 30,708 shares at an average price of $62.78. On June 11, 2026, she also executed trades involving 19,767 shares at prices of $110.06 and $62.78, without any of these being under a Rule 10b5-1 plan.
About Principal Financial Group
Principal Financial Group, Inc. is a financial services company based in Des Moines, Iowa. It offers retirement, asset management, and insurance products and services globally. The company operates through segments such as Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection. Under the leadership of CEO Deanna Dawnette Strable-Soethout, Principal serves a wide range of clients, including businesses and individuals, through its diverse financial offerings.
Bottom Line
Piper Sandler's reaffirmation of its buy rating on Principal Financial Group highlights ongoing confidence in the company's future. With shares trading near historical highs and a solid market position, PFG remains a closely watched stock by investors. As always, it's important to remember that analyst ratings and 13F filings are backward-looking and may not reflect current conditions.
Get Principal Financial Group, Inc. alerts
New 13F filings, insider trades, and analyst moves on $PFG, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.