PRINCIPAL FINANCIAL GROUP INC (PFG): The amounts presented herein will be consistent with the format of AUM by asset manager and presented again in such format within the Company's financial…

Wells Fargo reduced its price target for Principal Financial Group (PFG) to $109 from $112, citing lower earnings estimates for 2026 and 2027. The firm maintained its 2028 EPS estimate at $10.90. PFG's Q3 2026 earnings missed expectations, with adjusted EPS of $2.22 vs. $2.45 estimate, and revenue of $4.27B vs. $4.30B estimate. The company attributed the shortfall to lower variable investment income.

Principal Financial Group reported Q3 earnings with recurring retirement deposits up 8% to $13B and record client retention. Net cash flow was negative $11B due to active equity outflows, but private markets and ETFs saw positive flows. The company completed the Beam Benefits acquisition and sold its Chile annuity business, focusing on long-term growth.

Principal Financial (PFG) reported Q3 2026 adjusted non-GAAP pre-tax operating earnings up 3% on 4% net revenue growth. Key drivers included higher revenue, disciplined expense management, and growth in international pension. Year-to-date pre-tax operating earnings rose 10% with 5% net revenue growth and 120 basis points of margin expansion. The company returned $430 million in capital to shareholders in Q3, bringing the year-to-date total to over $1.2 billion.

Principal Financial Group (PFG) reported Q3 2026 earnings of $2.22 per share, missing estimates of $2.45 due to lower variable investment income. Despite this, the company showed strong fundamentals with 12% year-to-date adjusted EPS growth and a 16.6% return on equity. Shares traded at $110.24 post-report. The company highlighted progress in retirement services, SMB segment, and global asset management, with strong capital position and shareholder returns.

Principal Financial Group's specialty benefits segment reported a 10% sales growth in Q3 2026, with premiums and fees up 6% to $895 million. Pre-tax earnings fell 12% but were impacted by a strong prior-year period. The Beam Benefits acquisition contributed modestly, adding 25,000 small business customers. Principal expects the deal to boost premium growth in 2027. Transfer deposits in SMB retirement grew 21%, indicating client wins.

Principal Financial (PFG) reported Q3 EPS of $2.22, missing estimates by $0.23, with revenue at $4.27B, below the $4.3B consensus. The stock is down 3.35% over 3 months but up 33.98% over 12 months. Analysts revised EPS estimates 3 times positively and 6 times negatively in the last 90 days. InvestingPro rates the company's financial health as 'good performance'.