Principal Financial Group Inc - Registered Shares

Principal Financial Group Inc - Registered Shares

PFG

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Market Cap$24.4B
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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 Shares16.22.81%13%2.50.4

Earnings Call Q2 2026

July 28, 2026 - AI Summary

Strong Q2 profitability & EPS growth (above target range): Adjusted non‑GAAP EPS +15% YTD and up (mid-teens) YoY; non‑GAAP operating earnings $547M (+12% YoY) and non‑GAAP EPS $2.50 (+16% YoY). Enterprise earnings growth +13% with 6% net revenue growth and 200 bps margin expansion. Margin/ROE: non‑GAAP operating ROE (ex. variances) 16.4%, up 120 bps YoY (above the 15–17% target range midpoint).
Capital return continues; dividend raised; buybacks active: Returned about $430M of capital in Q2 (including $250M share repurchases and $180M dividends; CFO later referenced $427M with $177M dividends). Total capital returned through first half: $800M. Common dividend increased 8% for the 13th consecutive quarter. Dividend policy: ~40% payout ratio. Declared $0.84/share dividend payable in Q3 (+$0.02 vs prior quarter, +8% YoY). Excess available capital: $1.6B; risk-based capital ratio ~400% (vs 375% target).
Business strength—especially Benefits/Protection and retirement momentum: - RIS: Pretax operating earnings +8% YoY; 5% net revenue growth with expense discipline; operating margin 41% (+120 bps YoY). - Benefits & Protection: Pretax operating earnings $191M (+29% YoY) driven by improved specialty benefits underwriting and life mortality. Specialty benefits loss ratio 57.4% improved ~280 bps; management expects full-year underwriting results to emerge below the low end of guidance (loss ratio range referenced: 60–64%). - Retirement ecosystem: Transfer deposits +30% YoY; recurring deposits +6% YoY; roll-ins $1.7B in Q2 / >$7B trailing 12 months (~+20%). DCIO sales $2B in Q2 / ~$8B trailing 12 months; PRT sales $500M (noted “slow start” earlier in the year).

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$102.90

Target Price by Analysts

10.7% downsidePrincipal Financial Group- Registered Shares Target Price DetailsTarget Price
$311.98

Current Fair Value

170.7% upside

Undervalued by 170.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$24.40 Billion
Enterprise Value$23.50 Billion
Dividend Yield$3.19 (2.81%)
Earnings per Share$5.32
Beta0.89
Outstanding Shares218,704,000

Return

Return on Equity12.74%ROE
Return on Assets0.46%
Return on Invested Capital0.36%

Valuation & Multiples

P/E Ratio16.15P/E Ratio
PEG-2342.99PEG
Price to Sales2.51Price to Sales
Price to Book Ratio1.99Price to Book Ratio
Enterprise Value to Revenue2.33
Enterprise Value to EBIT20.53
Enterprise Value to Net Income15
Total Debt to Enterprise0.19
Debt to Equity0.36Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 27, 2026
EPS Estimate
$2.34
Average shareholder expectation
Revenue Estimate
$4.14 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 26, 2026
EPS Estimate
$2.53
Average shareholder expectation
Revenue Estimate
$4.24 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000▼ 51.76%
Total Calls-▼ 100.00%
Total Puts-▼ 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %11.66%▼ 64.66%
Total Invested$2.77B▼ 81.72%
Investors Holding398▼ 528.00%

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.