Principal Financial Group Inc. (PFG): price, analyst ratings, earnings and fundamentals
Updated 16 October 2026, 06:50 ET
Principal Financial Group Inc. (PFG) closed at $108.96 on 15 October 2026, up 1.6%. The stock is down 6.6% over one month and up 34.0% over one year. It trades 10.1% below its 52-week high of $121.18. Analysts recorded 11 actions in the last 90 days; the median price target of $112 is 2.8% above the last close. The company last reported on 27 July 2026 for Q2 2026: EPS of $2.50 against an estimate of $2.32, a beat of 7.8%, on revenue of $3.9 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open PFG in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 11 analyst actions on PFG from 8 firms: 11 maintained or reiterated a view. Price targets were 5 raised and 6 lowered. The most recent targets from 11 firms range from $86 to $128, with a median of $112, 2.8% above the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 15 Oct 2026 | JP Morgan | Maintains Neutral | $107.00 to $106.00 |
| 12 Oct 2026 | Wells Fargo | Maintains Equal-Weight | $115.00 to $113.00 |
| 9 Oct 2026 | Keefe, Bruyette & Woods | Maintains Market Perform | $117.00 to $115.00 |
| 7 Oct 2026 | Barclays | Maintains Underweight | $92.00 to $86.00 |
| 28 Sep 2026 | Piper Sandler | Maintains Overweight | $125.00 to $128.00 |
| 10 Sep 2026 | UBS | Maintains Neutral | $98.00 to $120.00 |
| 3 Aug 2026 | JP Morgan | Maintains Neutral | $106.00 to $107.00 |
| 28 Jul 2026 | B of A Securities | Maintains Underperform | $94.00 to $104.00 |
| 28 Jul 2026 | Evercore ISI Group | Maintains In-Line | $114.00 to $112.00 |
| 22 Jul 2026 | Wells Fargo | Maintains Equal-Weight | $114.00 to $113.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 26 October 2026 after the close for Q3 2026, with EPS expected at $2.45 on revenue of $4.3 billion. Principal Financial Group Inc. beat the EPS estimate in 4 of its last 8 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q2 2026 | 27 Jul 2026 | $2.32 | $2.50 | +7.76% | $3.9B |
| Q1 2026 | 23 Apr 2026 | $2.02 | $2.07 | +2.48% | $3.5B |
| Q4 2025 | 9 Feb 2026 | $2.23 | $2.19 | -1.79% | $4.5B |
| Q3 2025 | 27 Oct 2025 | $2.19 | $2.10 | -4.11% | $3.9B |
| Q2 2025 | 28 Jul 2025 | $1.98 | $2.16 | +9.09% | $3.7B |
| Q1 2025 | 24 Apr 2025 | $1.83 | $1.81 | -1.09% | $4.0B |
| Q4 2024 | 6 Feb 2025 | $1.93 | $1.94 | +0.52% | $4.1B |
| Q3 2024 | 24 Oct 2024 | $2.02 | $1.76 | -12.87% | $3.7B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 31 March 2026, Principal Financial Group Inc. reported revenue of $3.5 billion and net income of $424.6 million. On a trailing twelve month basis the company shows revenue growth of -1.98%, a gross margin of N.A., an operating margin of N.A. and a return on equity of 14.17%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $3,529,100,000 |
| Pre-tax Income | $493,500,000 |
| Income Tax Expense | $68,900,000 |
| Net Income | $424,600,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | $187,100,000 |
| Cash from Investing Activities | -$959,800,000 |
| Cash from Financing Activities | $395,700,000 |
| Dividends Paid | $173,500,000 |
| Share Repurchases | $235,000,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $4,054,000,000 |
| Operating Lease Right-of-Use Assets | $125,800,000 |
| Long-term Investments | $46,803,000,000 |
| Other Investments | $9,929,100,000 |
| Goodwill Intangible Assets, Net | $2,860,900,000 |
| Deferred Tax Asset | $1,187,200,000 |
| Total Assets | $332,704,500,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Total Short-term Debt | $18,200,000 |
| Long-term Debt | $3,927,700,000 |
| Operating Lease Liabilities, Long-term | $124,000,000 |
| Finance Lease Liabilities | $42,600,000 |
| Deferred Income Taxes | $1,864,100,000 |
| Minority Interest | $33,400,000 |
| Total Liabilities | $320,311,700,000 |
| Common Stock | $5,000,000 |
| Additional Paid In Capital | $11,350,400,000 |
| Retained Earnings | $18,318,900,000 |
| Treasury Stock | -$13,515,300,000 |
| Other Accumulated Comprehensive Income | -$4,343,700,000 |
| Total Stockholders Equity | $11,815,300,000 |
| Total Liability & Stockholders Equity | $332,704,500,000 |
Figures as filed with the SEC for the period ended 31 March 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.01 | 43rd | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 0.34 | 56th | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Long Term Debt/Long Term Capital | 0.25 | 35th | Calculated as Long-Term Debt / (Long-Term Debt + Shareholders' Equity). The ratio is an indicator of the company's leverage |
| Long Term Debt/Total Capital | 0.25 | 35th | Calculated as (Short-Term Debt + Long-Term Debt / (Short-Term Debt + Long-Term Debt + Shareholders' Equity). The ratio is an indicator of the company's leverage |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | 46.6% | 70th | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | -28.0% | 20th | The Net Income compound annual growth rate (CAGR) over the past 3 years |
| Net Income Pct Growth 5 year CAGR | 0.1% | 45th | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Operating Cashflow Pct Growth | -25.0% | 25th | The Operating Cashflow growth rate over the trailing twelve months (TTM) |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | -0.8% | 41st | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
| Operating Cashflow Pct Growth 5 year CAGR (FY) | 10.6% | 68th | The Operating Cashflow compound annual growth rate (CAGR) over the past 5 years |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| PreTax Margin Pct | 12.3% | 67th | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | 0.5% | 53rd | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | 14.2% | 77th | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | -2.0% | 29th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | -3.6% | 25th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | 2.9% | 33rd | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 13.9% | 56th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open PFG in FundSpec.
Insider activity
In the last 90 days insiders filed 33 transactions: 28 acquisitions covering 60,397 shares and 2 disposals covering 90,820 shares. Acquisitions include awards and option exercises as well as open market purchases. The largest by value was a disposal of 55,140 shares by Deanna D Strable-Soethout, Chair, President and CEO on 3 September 2026, worth about $6.6 million at the transaction price.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 25 Sep 2026 | Roger C Hochschild | Director | Acquisition | 218 | $114.77 | $25K |
| 25 Sep 2026 | Scott Mills | Director | Acquisition | 150 | $114.75 | $17K |
| 25 Sep 2026 | Alfredo Rivera | Director | Acquisition | 24 | $114.77 | $3K |
| 25 Sep 2026 | Deanna D Strable-Soethout | Chair, President and CEO | Acquisition | 593 | ||
| 25 Sep 2026 | Scott Mills | Director | Acquisition | 246 | ||
| 25 Sep 2026 | Amy Christine Friedrich | President - Benefits & Protect | Acquisition | 577 | ||
| 25 Sep 2026 | Kathleen B Kay | EVP-Chief Information Officer | Acquisition | 383 | ||
| 25 Sep 2026 | Kamal Bhatia | President and CEO - PAM | Acquisition | 415 | ||
| 25 Sep 2026 | Joel Pitz | EVP & CFO | Acquisition | 2 | ||
| 25 Sep 2026 | Joel Pitz | EVP & CFO | Acquisition | 226 | ||
| 25 Sep 2026 | Deanna D Strable-Soethout | Chair, President and CEO | Acquisition | 42 | ||
| 25 Sep 2026 | Kenneth A. Mccullum | EVP - Chief Risk Officer | Acquisition | 71 | ||
| 25 Sep 2026 | Christopher J Littlefield | President - RIS | Acquisition | 538 | ||
| 25 Sep 2026 | Wee Yee Cheong | President - Asia & Middle East | Acquisition | 354 | ||
| 25 Sep 2026 | Vivek Agrawal | EVP & Chief Growth Officer | Acquisition | 226 |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 29 July 2026.
| Filed | Form | Document |
|---|---|---|
| 29 Jul 2026 | 10-Q | View on sec.gov |
| 29 Apr 2026 | 10-Q | View on sec.gov |
| 18 Feb 2026 | 10-K | View on sec.gov |
| 29 Oct 2025 | 10-Q | View on sec.gov |
| 30 Jul 2025 | 10-Q | View on sec.gov |
| 30 Apr 2025 | 10-Q | View on sec.gov |
| 19 Feb 2025 | 10-K | View on sec.gov |
| 30 Oct 2024 | 10-Q | View on sec.gov |
| 31 Jul 2024 | 10-Q | View on sec.gov |
| 1 May 2024 | 10-Q | View on sec.gov |
Company profile
- Exchange
- Nasdaq
- Sector
- Insurance Carriers
- Industry
- Insurance
- Headquarters
- Des Moines, Iowa
- Chief executive
- Daniel J. Houston
- Employees
- 19,300
- Website
- principal.com
- SEC CIK
- 0001126328
Principal Financial Group, Inc. provides retirement, asset management, and insurance products to businesses, individuals, and institutional clients. The Retirement and Income Solutions segment provides a portfolio of asset accumulation products and services for retirement savings and income. The Principal Global Investors segment provides equity, fixed income, real estate, and other alternative investments. The U.S. Insurance Solutions segment offers specialty benefits, such as group dental and vision insurance, group life insurance, and group and individual disability insurance.
Sector and peers
Principal Financial Group Inc. is part of the Insurance Carriers sector, which FundSpec tracks across 89 companies.
Companies in the same industry by market capitalization:
MFC Manulife Financial Corp.AFL Aflac Inc.SLF Sun Life Financial Inc.AIZ Assurant, Inc.
Put two of them side by side in Compare.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for PFG are available to subscribers, with the same screen in the iOS and Android apps.
Open PFG in FundSpec