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Principal Financial Group Inc

Principal Financial Group Inc

PFG
$113.95USD↑+0.73%+0.83 today

MARKET CAP

24.6B

P/E (TTM)

13.4x

FWD P/E

11.7x

DAY RANGE

$112 – $114

52W RANGE

$75
$115

AI Summary

Stalk
StalkMedium

PFG remains in a high-confidence Stage 2 advancing regime underpinned by rising EMAs and clear higher highs/lows, but near-term entries are deferred due to an active Bullish Exhaustion signal at fresh highs and extreme overbought readings. The Value + EPS strategy favors defensive, stability-oriented entries, so we will stalk for a deeper pullback into the rising 9/20 EMA support zone and evidence of acceptance before initiating new positions.

  • ↑Posted 13% YoY rise in adjusted EPS to $2.07, driven by underwriting strength.
  • ↑Returned $375 M to shareholders this quarter, including $200 M buybacks; dividends +8%.
  • ↓Weak revenue momentum amid volatile market returns pressures growth outlook.
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The case for & against

Bull & Bear analysis

Bullish

Principal Financial Group (NASDAQ: PFG) is a leading diversified financial services organization focused on insurance, retirement solutions, and asset management. The company has carved out a competitive edge by offering a broad range of products tailored to both individual and institutional clients, particularly small and mid-sized businesses (SMBs). Principal operates within growing themes such as retirement planning and asset management, driven by the evolving needs of a workforce seeking greater financial security.

Bull says

  • ↑Posted 13% YoY rise in adjusted EPS to $2.07, driven by underwriting strength.
  • ↑Returned $375 M to shareholders this quarter, including $200 M buybacks; dividends +8%.
  • ↑Acquired Beam Benefits and expanded Principal Income Suite to boost SMB benefits.
  • ↑Retirement transfer deposits reached $12 B (+35% YoY), highlighting strong demand.
  • ↑Operating margin expanded to 30%, reflecting disciplined cost management.
  • ↑Exhibits strong momentum and high earnings yield; benefits from rising energy prices.

Bear says

  • ↓Weak revenue momentum amid volatile market returns pressures growth outlook.
  • ↓Profit conversion under pressure, with profitability ratios lagging peers.
  • ↓Trading at all-time highs; limited upside without further earnings surprise.
  • ↓Elevated short interest suggests investor skepticism on upward trajectory.
  • ↓Potential retirement‐plan regulatory changes could disrupt asset and benefits growth.
  • ↓Persistent market volatility may reduce fee-based income in asset management.

Investment themes with PFG

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM
L&H Insurance↑ +0.32%

PGR · TRV · ALL

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-24-2026neutral

Transcript signals

Bull points

  • we delivered 13% adjusted non-GAAP earnings per share growth in the first quarter, above the high end of our target range.
  • This performance was primarily driven by favorable underwriting results and improved mortality within our benefits and protection business, as well as positive market conditions for our fee-based businesses.
  • Strong performance and capital generation enabled us to return approximately $375 million of capital to shareholders in the quarter, including $200 million of share repurchases.

Bear points

  • I think our stance is it's going to take time. It's going to be slow. And ultimately, as we talk to our customers, they're intrigued but are not pushing to move at a fast rate for inclusion.
  • performance fees from an investment management perspective are expected to be similar to 2025, but they were lower in the current quarter, indicating potential concerns about revenue inconsistency.
  • Lower variable investment income was primarily driven by timing of real estate transactions and slightly lower returns in our other alternatives portfolio.
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