Principal Financial Group Inc - Registered Shares

Principal Financial Group Inc - Registered Shares

PFG

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Market Cap$22.38B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Principal Financial Group Inc - Registered SharesPrincipal Financial Group Inc - Registered Shares14.73.02%13%2.30.3

Earnings Call Q1 2026

April 24, 2026 - AI Summary

Strong top-line + earnings growth; solid capital return - 1Q 2026 delivered 13% adjusted non-GAAP EPS growth (above the high end of management’s target range). - Performance driven by favorable underwriting + improved mortality in Benefits & Protection, and positive market conditions supporting fee-based businesses. - $375M capital returned in the quarter, including $200M share repurchases and $174M dividends. - Dividend increased 8% (for the 12th consecutive quarter) and remains aligned with a ~40% dividend payout ratio.
Earnings quality + margin expansion; key accounting change (non-adjusted only) - Non-GAAP operating earnings: $456M, +10% YoY (and $2.07/share, +14%). - Excluding “significant variances,” earnings: $479M (+9% YoY). - Margin expanded ~190 bps to 30% due to 6% YoY net revenue growth + disciplined expense management. - Surprising/important nuance: Management reclassified depreciation/presentation for core real estate alternatives effective 1Q (changes *reported* variable investment income presentation), but stated adjusted results are unaffected. This helps better align depreciation with gain recognition.
Strategy momentum: retirement ecosystem + SMB + global asset management - Retirement ecosystem: $12B transfer deposits (+35% YoY); recurring deposits +7% YoY; 3% increase in participant deferrals and +3%+ average deferrals; $1.7B roll-ins in the quarter. - DCIO: $1B in the quarter and ~$8B over trailing 12 months (positive traction with third-party platforms). - SMB: recurring deposits +6% YoY and +7% on a trailing basis; positive account value net cash flow of ~$600M; Specialty Benefits record sales +24% YoY. - Global Asset Management: record gross sales $37B (+21% YoY); private markets net inflows $400M (and $3B TTM); private markets AUM +11% YoY; active ETF net inflows $400M (and $1.8B TTM).

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$101.40

Target Price by Analysts

0.2% upsidePrincipal Financial Group- Registered Shares Target Price DetailsTarget Price
$122.63

Current Fair Value

21.2% upside

Undervalued by 21.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$22.38 Billion
Enterprise Value$22.32 Billion
Dividend Yield$3.13 (3.02%)
Earnings per Share$5.32
Beta0.9
Outstanding Shares220,297,000

Return

Return on Equity13.12%ROE
Return on Assets0.47%
Return on Invested Capital0.37%

Valuation & Multiples

P/E Ratio14.73P/E Ratio
PEG1.94PEG
Price to Sales2.3Price to Sales
Price to Book Ratio1.81Price to Book Ratio
Enterprise Value to Revenue2.26
Enterprise Value to EBIT19.34
Enterprise Value to Net Income14
Total Debt to Enterprise0.18
Debt to Equity0.34Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 23, 2026
EPS Estimate
$2.01
Average shareholder expectation
Revenue Estimate
$4.12 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 27, 2026
EPS Estimate
$2.33
Average shareholder expectation
Revenue Estimate
$4.13 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.5176▲ 35.61%
Total Calls81,340▼ 36.25%
Total Puts42,100▲ 104.37%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %74.47%▲ 2.79%
Total Invested$15.14B▲ 6.86%
Investors Holding916▲ 19.00%

ESG Score

No data

About Principal Financial Group Inc

17,600 employees
CEO: Larry Zimpleman

Principal helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. Its employees are passionate about helping cli...

Relevant Senate Committees

Joint Committee on Taxation

Provides critical analysis and scoring for tax legislation, directly influencing corporate tax structures and the tax implications of financial products, which are central to PFG's business model and client offerings.

Finance

Controls tax policy, which directly affects PFG's corporate profitability, investment returns for clients, and the broader economic landscape influencing retirement and insurance products.

Health, Education, Labor, and Pensions

This committee directly oversees pension regulations (a core PFG business), health policy (affecting insurance products), and labor laws (impacting PFG as an employer and its corporate clients).

Banking, Housing, and Urban Affairs

This committee directly regulates the financial system, including the SEC (relevant for asset management) and broader banking/financial institution oversight, making it a primary regulatory body for PFG's operations.