Is Principal Financial Stock Underperforming the Nasdaq?

Core Insights - Principal Financial Group, Inc. (PFG) is a leading global financial services provider with a market cap of $19.7 billion, offering a diverse range of financial products and services [1] - PFG is classified as a large-cap stock, highlighting its size and influence in the asset management industry, with strengths in diversified portfolio, scale, and brand equity [2] - PFG's stock has shown strong performance, with a 12.7% increase over the past three months, outperforming the Nasdaq Composite's 8.1% gains [3] Financial Performance - In Q3, PFG reported an adjusted EPS of $2.10, which fell short of Wall Street expectations of $2.18, and adjusted revenue of $3.9 billion, missing forecasts of $4.1 billion [5] - Over the past six months, PFG shares rose 17.6% and climbed 11.8% over the past 52 weeks, underperforming the Nasdaq's gains of 20% and 20.2% respectively [4] Market Position and Analyst Sentiment - PFG has a consensus "Hold" rating from 15 analysts, currently trading above its mean price target of $88.85, with a potential upside to the Street-high price target of $103, indicating a 14.2% upside potential [6]