FY2026 Earnings Estimate for PFG Issued By DOWLING & PARTN

Key Points

• DOWLING & PARTN set FY2026 EPS for Principal Financial Group (NASDAQ:PFG) at $9.35, essentially in line with the consensus estimate of $9.36. The firm also projected EPS of $10.25 for FY2027 and $11.30 for FY2028.
• Analyst sentiment on PFG remains mixed, with a consensus rating of Hold and an average price target of $98.10. Recent target changes ranged from $87 to $107, reflecting differing views on the stock’s upside.
• Principal Financial Group recently beat quarterly EPS estimates with $2.07 per share, while also raising its quarterly dividend to $0.82 from $0.80. The new dividend implies an annualized yield of about 3.1%.

Principal Financial Group, Inc. (NASDAQ:PFG - Free Report) - Research analysts at DOWLING & PARTN issued their FY2026 earnings per share estimates for Principal Financial Group in a research report issued on Wednesday, May 20th. DOWLING & PARTN analyst J. Hurwitz anticipates that the company will post earnings of $9.35 per share for the year. The consensus estimate for Principal Financial Group's current full-year earnings is $9.36 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.

PFG has been the topic of several other reports. Keefe, Bruyette & Woods restated a "hold" rating and set a $92.00 price target on shares of Principal Financial Group in a report on Thursday, March 26th. Morgan Stanley boosted their price target on Principal Financial Group from $95.00 to $107.00 and gave the stock an "equal weight" rating in a report on Thursday, May 21st. Wells Fargo & Company reduced their price target on Principal Financial Group from $91.00 to $87.00 and set an "equal weight" rating on the stock in a report on Friday, April 10th. UBS Group boosted their price target on Principal Financial Group from $92.00 to $94.00 and gave the stock a "neutral" rating in a report on Thursday, April 9th. Finally, Barclays boosted their price target on Principal Financial Group from $85.00 to $87.00 and gave the stock an "underweight" rating in a report on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Principal Financial Group has a consensus rating of "Hold" and an average price target of $98.10.

Principal Financial Group Stock Performance

NASDAQ:PFG opened at $104.57 on Thursday. The stock has a market cap of $22.59 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 0.99 and a beta of 0.89. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.33. The stock's 50-day moving average is $95.70 and its 200-day moving average is $91.85. Principal Financial Group has a 1-year low of $75.00 and a 1-year high of $105.00.

Principal Financial Group (NASDAQ:PFG - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.06. The company had revenue of $3.53 billion for the quarter, compared to analysts' expectations of $4.11 billion. Principal Financial Group had a return on equity of 16.25% and a net margin of 10.10%.During the same period in the previous year, the business posted $1.81 earnings per share.

Hedge Funds Weigh In On Principal Financial Group

A number of institutional investors have recently modified their holdings of the company. Prosperity Consulting Group LLC raised its position in shares of Principal Financial Group by 1.6% during the first quarter. Prosperity Consulting Group LLC now owns 6,921 shares of the company's stock worth $624,000 after purchasing an additional 111 shares during the period. Aptus Capital Advisors LLC raised its position in shares of Principal Financial Group by 3.5% during the third quarter. Aptus Capital Advisors LLC now owns 3,444 shares of the company's stock worth $286,000 after purchasing an additional 118 shares during the period. Blue Trust Inc. raised its position in shares of Principal Financial Group by 14.8% during the first quarter. Blue Trust Inc. now owns 921 shares of the company's stock worth $83,000 after purchasing an additional 119 shares during the period. Parallel Advisors LLC raised its position in shares of Principal Financial Group by 7.6% during the fourth quarter. Parallel Advisors LLC now owns 1,686 shares of the company's stock worth $149,000 after purchasing an additional 119 shares during the period. Finally, Beacon Financial Group raised its position in shares of Principal Financial Group by 2.8% during the first quarter. Beacon Financial Group now owns 4,451 shares of the company's stock worth $401,000 after purchasing an additional 120 shares during the period. 75.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, General Counsel George Djurasovic sold 2,571 shares of the company's stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $100.83, for a total transaction of $259,233.93. Following the transaction, the general counsel directly owned 21,906 shares of the company's stock, valued at $2,208,781.98. This represents a 10.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Wee Yee Cheong sold 9,183 shares of the company's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $101.26, for a total value of $929,870.58. Following the transaction, the insider directly owned 77,188 shares in the company, valued at $7,816,056.88. The trade was a 10.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,317 shares of company stock worth $2,884,902 over the last ninety days. 1.13% of the stock is owned by insiders.

Principal Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 3.1%. This is a boost from Principal Financial Group's previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Monday, June 1st. Principal Financial Group's payout ratio is presently 45.78%.

About Principal Financial Group

Principal Financial Group NASDAQ: PFG is a global financial services company headquartered in Des Moines, Iowa, that provides a range of retirement, investment and insurance solutions to individuals, employers and institutional clients. The firm's business is organized around retirement services, asset management, and insurance products designed to help clients plan, invest for, and protect income over the long term.

Principal's product and service offerings include retirement plan recordkeeping and administration for employer-sponsored plans, individual and group retirement annuities, life and disability insurance, employee benefits solutions, and wealth management services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.