DOWLING & PARTN Brokers Decrease Earnings Estimates for PFG

Principal Financial Group, Inc. (NASDAQ:PFG) – Equities research analysts at DOWLING & PARTN reduced their FY2026 earnings per share estimates for Principal Financial Group in a research report issued on Tuesday, October 13th. DOWLING & PARTN analyst J. Hurwitz now expects that the company will post earnings per share of $9.20 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.

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

Several other equities research analysts have also issued reports on PFG. Citigroup lowered Principal Financial Group from a “sell” rating to an “underperform” rating in a research report on Wednesday, June 24th. Bank of America boosted their price target on shares of Principal Financial Group from $94.00 to $104.00 and gave the stock an “underperform” rating in a report on Tuesday, July 28th. UBS Group boosted their price target on shares of Principal Financial Group from $98.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, September 10th. Weiss Ratings upgraded shares of Principal Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group increased their price target on shares of Principal Financial Group from $91.00 to $98.00 and gave the company a “hold” rating in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Principal Financial Group currently has a consensus rating of “Hold” and a consensus price target of $108.75.

Principal Financial Group Stock Up 1.6%

PFG stock opened at $108.96 on Friday. The stock has a market cap of $23.33 billion, a P/E ratio of 12.11, a P/E/G ratio of 1.02 and a beta of 0.86. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $112.91 and its two-hundred day simple moving average is $107.41. Principal Financial Group has a 1-year low of $77.90 and a 1-year high of $121.18.

Hedge Funds Weigh In On Principal Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC boosted its holdings in shares of Principal Financial Group by 1.3% in the third quarter. V Square Quantitative Management LLC now owns 21,194 shares of the company’s stock worth $2,373,000 after acquiring an additional 271 shares during the period. QRG Capital Management Inc. raised its stake in shares of Principal Financial Group by 12.5% during the 2nd quarter. QRG Capital Management Inc. now owns 5,756 shares of the company’s stock valued at $620,000 after purchasing an additional 641 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in Principal Financial Group by 8.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,377 shares of the company’s stock worth $687,000 after purchasing an additional 493 shares during the period. Envestnet Asset Management Inc. boosted its stake in Principal Financial Group by 15.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 378,972 shares of the company’s stock worth $40,846,000 after purchasing an additional 50,877 shares during the period. Finally, State Street Corp boosted its stake in Principal Financial Group by 0.8% in the 2nd quarter. State Street Corp now owns 10,264,856 shares of the company’s stock worth $1,106,346,000 after purchasing an additional 85,014 shares during the period. 75.08% of the stock is owned by institutional investors.

Principal Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Thursday, September 3rd were paid a $0.84 dividend. The ex-dividend date was Thursday, September 3rd. This is a positive change 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 currently 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.