DOWLING & PARTN Brokers Decrease Earnings Estimates for PFG

Principal Financial Group, Inc. (NASDAQ:PFG) – Analysts at DOWLING & PARTN dropped their FY2026 EPS estimates for shares of Principal Financial Group in a research report issued on Tuesday, October 13th. DOWLING & PARTN analyst J. Hurwitz now forecasts that the company will earn $9.20 per share for the year, down from their prior estimate of $9.55. The consensus estimate for Principal Financial Group’s current full-year earnings is $9.56 per share. DOWLING & PARTN also issued estimates for Principal Financial Group’s FY2027 earnings at $10.25 EPS and FY2028 earnings at $11.30 EPS.

Several other research analysts have also recently weighed in on the stock. Atlantic Securities set a $94.00 price target on shares of Principal Financial Group in a report on Wednesday, July 15th. Wells Fargo & Company dropped their price objective on Principal Financial Group from $115.00 to $113.00 and set an “equal weight” rating for the company in a research note on Monday. Morgan Stanley lifted their price objective on Principal Financial Group from $107.00 to $112.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Bank of America boosted their target price on Principal Financial Group from $94.00 to $104.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings upgraded Principal Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Principal Financial Group has an average rating of “Hold” and an average price target of $108.75.

Principal Financial Group Stock Up 1.6%

PFG opened at $108.96 on Friday. The company has a fifty day moving average price of $112.91 and a 200-day moving average price of $107.41. The firm has a market capitalization of $23.33 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 1.02 and a beta of 0.86. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.28 and a quick ratio of 0.28. Principal Financial Group has a one year low of $77.90 and a one year high of $121.18.

Principal Financial Group (NASDAQ:PFG) last posted its earnings results on Wednesday, July 29th. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.17. Principal Financial Group had a net margin of 9.93% and a return on equity of 16.49%. The business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the prior year, the company posted $2.16 EPS.

Institutional Investors Weigh In On Principal Financial Group

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Principal Financial Group in the 2nd quarter worth approximately $2,157,181,000. State Street Corp lifted its holdings in shares of Principal Financial Group by 0.8% during the 2nd quarter. State Street Corp now owns 10,264,856 shares of the company’s stock worth $1,106,346,000 after acquiring an additional 85,014 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Principal Financial Group by 5.0% during the 1st quarter. Bank of America Corp DE now owns 8,819,452 shares of the company’s stock worth $794,721,000 after acquiring an additional 420,319 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Principal Financial Group by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,886,509 shares of the company’s stock worth $350,187,000 after acquiring an additional 119,327 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Principal Financial Group by 12.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,216,125 shares of the company’s stock worth $238,854,000 after acquiring an additional 244,550 shares in the last quarter. 75.08% of the stock is currently owned by institutional investors.

Principal Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 3rd were given a dividend of $0.84 per share. The ex-dividend date was Thursday, September 3rd. This is a boost from Principal Financial Group’s previous quarterly dividend of $0.82. This represents a $3.36 annualized dividend and a yield of 3.1%. Principal Financial Group’s dividend payout ratio (DPR) is presently 47.73%.

About Principal Financial Group

Principal Financial Group, Inc is a global financial services company headquartered in Des Moines, Iowa. Founded in 1879, the company provides retirement, investment, insurance and financial wellness solutions to individuals, businesses and institutional clients.

Its offerings include employer-sponsored retirement plans, individual retirement accounts, pension and income solutions, group benefits, life insurance and specialty benefits. Through its investment management operations, Principal also provides asset management and related services to retirement plans, institutions and individual investors.

Principal Financial Group serves customers in the United States and selected international markets, including countries in Latin America and Asia.