Core Viewpoint - Principal Financial Group, Inc. (PFG) has gained investor favor due to strategic buyouts, financial flexibility, strong retention, business growth, positive net cash flow, and effective capital deployment [1] Financial Performance - PFG currently holds a Zacks Rank 3 (Hold) and has experienced a stock loss of 0.9% over the past year, while the industry has grown by 11.1% [2] - The Zacks Consensus Estimate for PFG's 2025 earnings per share indicates a 19.3% increase from 2024 estimates, while revenues are expected to rise by 6.2% [4] Growth Drivers - Revenue growth for PFG is anticipated to improve long-term due to higher premiums, fees, and improved net investment income across segments [5] - The Principal International segment is expected to benefit from increased single-premium annuity sales in Chile, with operating earnings positively impacted by foreign currency tailwinds [5] - The Specialty Benefits Insurance business is projected to continue benefiting from record sales, strong retention, and employment growth, contributing to pre-tax operating earnings [6] Capital Management - PFG's extensive distribution network, strategic buyouts, and operational discipline are expected to enhance asset growth under management [7] - The company maintains a strong capital position with sufficient cash generation capabilities and liquidity, having adjusted the target RBC level to a range of 375-400% [7] - For 2024, PFG aims for 9% to 12% growth in earnings per share and 75% to 85% free capital flow conversion [8] Shareholder Returns - PFG's wealth distribution strategy includes share buybacks and dividend payments, with a 9% dividend increase in Q3 2024 for the sixth consecutive quarter, aligning with a targeted 40% payout ratio [11] - The company has a solid dividend yield of 3.6%, surpassing the industry average of 2.4% [11] - PFG plans to deploy $1.5-$1.8 billion in capital for 2024, including $800 million to $1.1 billion for share repurchases, targeting 35-45% share repurchases based on net income [12]

Core Insights - Albert Anthony is a Croatian-American media personality and financial contributor, reaching over 1 million investors globally since 2023 [1] - His content on Seeking Alpha averages over 25,000 views monthly, focusing on stock analysis and dividend income portfolio building [1] - In addition to his media work, he has been involved in city council politics in Croatia and ran for Parliament in 2024 [1] Group 1 - Albert Anthony provides curated analysis of stocks trading on major US exchanges [1] - He has experience as an information systems analyst and worked at Charles Schwab [1] - He has completed certifications from various prestigious institutions, enhancing his financial expertise [1] Group 2 - Anthony is also a host at Online Live TV Croatia and has contributed to various media outlets in the US and Croatia [1] - He became a member of the Croatian Economic Association in 2024, focusing on economics and monetary policy [1] - His involvement in film and TV productions includes a role in the Polish WWII film "Red Poppies" set for release in 2024 [1]

AUSTIN, Texas, Nov. 7, 2024 /PRNewswire/ -- PerfectQuote, Inc., a leading group health digital quoting platform, announced its collaboration with Principal Financial Group®, to provide PerfectQuote customers with direct, underwritten proposals for dental, vision, life, disability and voluntary benefits delivered through its Request-for-Proposal ("RFP") toolset.With a critical mass of firms and general agencies leveraging the PerfectQuote platform (including 14 of the top 20 largest U.S.- based firms) servic ...

Principal Financial (PFG) came out with quarterly earnings of $1.76 per share, missing the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $1.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.44%. A quarter ago, it was expected that this financial services company would post earnings of $1.87 per share when it actually produced earnings of $1.63, delivering a surprise of -12.83%.Over the last fou ...

Wall Street analysts forecast that Principal Financial (PFG) will report quarterly earnings of $2.01 per share in its upcoming release, pointing to a year-over-year increase of 16.9%. It is anticipated that revenues will amount to $3.92 billion, exhibiting an increase of 12.8% compared to the year-ago quarter.Over the last 30 days, there has been an upward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsider ...

Reston, Virginia, Oct. 03, 2024 (GLOBE NEWSWIRE) -- College students from across the country are invited to attend two Career Connections Conferences hosted by Future Business Leaders of America, Inc. (FBLA), the nation's largest career and technical student organization focused solely on business. The conferences will be held in Atlanta October 17-19 and Des Moines October 24-26. Both conferences will feature opportunities for students to hear from C-suite executives, recruiters, and young professionals ab ...

Shares of Principal Financial Group, Inc. (PFG) have gained 0.8% in the past year, underperforming the industry's growth of 11% and the Zacks S&P 500 composite's rise of 14.4%. PFG Lags Industry and S&P Image Source: Zacks Investment Research Earnings per share missed the consensus estimate in the last two reported quarters of 2024. Closing at $79.30 on Tuesday, the stock stands almost 10.1% below its 52-week high of $88.26. The Zacks Consensus Estimate for PFG's 2024 and 2025 earnings has moved 0.2% and 0. ...

Principal Financial (PFG) reported $4.07 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 16.4%. EPS of $1.63 for the same period compares to $1.53 a year ago. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, compari ...

Principal Financial, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $4.07 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 7.81%. This compares to year-ago revenues of $3.5 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on managem ...

| --- | --- | --- | --- | |----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Humphrey ...