- Principal Financial‘s adjusted operating EPS for Q2 was $1.63, missing the estimate of $1.84.
- Pretax operating profit stood at $486.1 million, below the estimated $531.2 million.
- Principal Asset Management recorded pre-tax operating earnings of $189.4 million.
- Retirement and Income Solutions had a pre-tax operating income of $267.8 million, short of the $274.4 million estimate.
- Principal Global Investors’ pre-tax operating income was $62.5 million.
- Benefits and Protection reported pre-tax operating earnings of $132.3 million.
- Book value per share came in at $47.41, missing the estimate of $48.15.
- Analyst recommendations include 1 buy, 12 holds, and 1 sell.
A look at Principal Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assessed Principal Financial Group, Inc.’s long-term outlook by utilizing Smart Scores, a rating system ranging from 1 to 5, with higher scores indicating a more favorable outlook for the company across various factors. Principal Financial received a Value score of 3, indicating a solid but not exceptional valuation, while scoring a 4 in Dividend and Resilience, suggesting strong potential for dividend payments and financial stability. In terms of Growth and Momentum, Principal Financial achieved scores of 3, indicating moderate performance in these areas.
Principal Financial Group, Inc. offers a wide array of financial products and services to businesses, individuals, and institutional clients, including retirement solutions, life and health insurance, wellness programs, and investment and banking products. With a respectable overall assessment based on the Smart Scores, Principal Financial appears to offer a balanced mix of value, dividends, resilience, and growth potential, making it a company worth considering for long-term investment strategies.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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