- Principal Financial‘s adjusted operating EPS for the first quarter was $1.81, missing the estimate of $1.83.
- The company’s assets under management totaled $717.9 billion at the end of the first quarter.
- Pretax operating profit came in at $485.1 million, which was below the expected $513.5 million.
- The Retirement and Income Solutions segment reported a pre-tax operating income of $283.7 million.
- Benefits and Protection segment saw pre-tax operating earnings of $119.5 million.
- The book value per share was slightly above expectations at $49.85, compared to the estimate of $49.54.
- Principal Asset Management reported pre-tax operating earnings of $187.5 million.
- The company faced a corporate pre-tax operating loss of $105.6 million.
- Analyst recommendations include 3 buys, 8 holds, and 3 sells.
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A look at Principal Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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 using Smartkarma Smart Scores have given Principal Financial Group, Inc. positive ratings across the board. With strong marks in Value, Dividend, Resilience, and Momentum, the outlook for the company appears promising in the long term. These high scores suggest that Principal Financial is well-positioned to provide value to investors, maintain its dividend payments, withstand economic challenges, and sustain its growth momentum. While Growth scored slightly lower compared to other factors, the overall assessment indicates a solid foundation for the company.
Principal Financial Group, Inc. offers a diverse range of financial products and services to cater to the needs of businesses, individuals, and institutional clients. Their offerings include retirement solutions, life and health insurance, wellness programs, as well as investment and banking products. With consistently high Smart Scores in key areas, Principal Financial seems poised to continue its track record of delivering value and stability to investors in the foreseeable future.
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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