Principal Financial Group (NYSE:PFG – Get Free Report) updated its FY 2026 earnings guidance on Monday. The company provided EPS guidance of 9.010-9.260 for the period, compared to the consensus EPS estimate of 8.950. The company issued revenue guidance of -.
Analysts Set New Price Targets
PFG has been the topic of several research reports. Keefe, Bruyette & Woods raised their price objective on Principal Financial Group from $90.00 to $91.00 and gave the stock a “market perform” rating in a report on Thursday, October 30th. Barclays reissued an “underweight” rating and set a $85.00 price target on shares of Principal Financial Group in a research report on Thursday, January 8th. UBS Group lifted their price objective on Principal Financial Group from $88.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Piper Sandler upped their price objective on shares of Principal Financial Group from $94.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 23rd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $103.00 target price on shares of Principal Financial Group in a research report on Monday, January 5th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $92.88.
Read Our Latest Stock Analysis on PFG
Principal Financial Group Stock Down 1.4%
Principal Financial Group (NYSE:PFG – Get Free Report) last posted its quarterly earnings data on Monday, February 9th. The company reported $2.19 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.03). Principal Financial Group had a return on equity of 14.68% and a net margin of 9.74%.During the same quarter in the prior year, the business posted $1.94 EPS. Principal Financial Group has set its FY 2026 guidance at 9.010-9.260 EPS. Equities analysts predict that Principal Financial Group will post 8.5 EPS for the current year.
Insiders Place Their Bets
In other Principal Financial Group news, CEO Deanna D. Strable-Soethout sold 7,340 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $95.00, for a total value of $697,300.00. Following the completion of the sale, the chief executive officer owned 136,828 shares of the company’s stock, valued at approximately $12,998,660. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wee Yee Cheong sold 1,887 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $85.04, for a total value of $160,470.48. Following the sale, the executive vice president owned 81,421 shares in the company, valued at $6,924,041.84. The trade was a 2.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,852 shares of company stock valued at $2,512,930 in the last three months. Insiders own 1.08% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFG. FWL Investment Management LLC acquired a new stake in Principal Financial Group during the 3rd quarter worth about $32,000. MUFG Securities EMEA plc purchased a new stake in shares of Principal Financial Group in the second quarter worth about $49,000. Binnacle Investments Inc grew its holdings in Principal Financial Group by 36.7% during the third quarter. Binnacle Investments Inc now owns 1,051 shares of the company’s stock worth $87,000 after acquiring an additional 282 shares during the period. Brown Brothers Harriman & Co. raised its position in Principal Financial Group by 107.4% during the third quarter. Brown Brothers Harriman & Co. now owns 1,340 shares of the company’s stock valued at $111,000 after acquiring an additional 694 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Principal Financial Group by 96.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,278 shares of the company’s stock valued at $181,000 after acquiring an additional 1,117 shares during the period. 75.08% of the stock is currently owned by institutional investors and hedge funds.
Principal Financial Group Company Profile
Principal Financial Group, commonly known as Principal, is a global financial services company headquartered in Des Moines, Iowa. The firm provides a broad range of retirement, investment management and insurance solutions for individual, employer and institutional clients. Its core businesses include retirement plan services and recordkeeping, asset management, and life and disability insurance, supported by distribution through employers, financial advisors and direct channels.
On the retirement side, Principal offers 401(k) and other workplace retirement plans, individual retirement accounts and annuity products designed to help clients accumulate and manage retirement savings.
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