Principal Financial stock trades at EUR 101.00 as target rises

Published on 09/30/2026 at 13:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Principal Financial stock was trading at EUR 101.00 on September 30, 2026, up 0.50 percent versus the prior close. Piper Sandler lifted its target to USD 128.00.

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Principal Financial stock (ISIN US74251V1026) was trading at EUR 101.00 at Lang & Schwarz on September 30, 2026, up 0.50 percent from the prior close of EUR 100.50. The latest analyst move came from Piper Sandler, which raised its price target from USD 125.00 to USD 128.00 on September 28, 2026, while keeping an Overweight rating.

Analyst target moves higher

The target increase gives Principal Financial a fresh valuation reference after the shares reached USD 117.13 on the primary market earlier in September, according to Yahoo Finance. Piper Sandler's USD 128.00 objective is USD 13.03 above the latest Nasdaq quote of USD 114.97 delivered on September 29, 2026, a comparison that keeps the target above the recent market level.

The wider analyst picture is more restrained. A September 10, 2026 consensus cited by MarketBeat showed a Hold rating and an average 12-month price target of USD 106.67, below the reported USD 114.02 share price at that time.

Q2 earnings show mixed signals

Principal Financial's second-quarter 2026 results combined higher operating earnings with weaker cash flows. The company reported non-GAAP operating earnings of USD 547.0 million, up 12.00 percent from the prior-year quarter, and adjusted operating earnings of USD 2.50 per diluted share, up 16.00 percent, according to its filing summary on StockTitan.

Net income attributable to Principal Financial was USD 403.4 million, down 1.00 percent year over year. Assets under management reached USD 808.0 billion, up 7.00 percent, while net AUM cash flow was negative USD 11.1 billion versus negative USD 2.6 billion in the comparable quarter. That contrast puts asset gathering alongside earnings quality at the center of the stock's valuation discussion.

Credit facility adds liquidity buffer

In a separate September 9, 2026 filing, SEC disclosed that Principal Financial entered a five-year unsecured credit facility allowing borrowings of USD 900.0 million, with capacity to increase to USD 1.3 billion. No borrowings were outstanding under the facility at the filing date, and the agreement runs to September 9, 2031.

Stock remains below yearly high

At Lang & Schwarz, Principal Financial was trading at EUR 101.00 on September 30, 2026 at 1:00 p.m. CEST, versus a prior close of EUR 100.50. The stock's USD 77.90 to USD 121.18 52-week range and USD 24.4 billion market capitalization are dated September 29, 2026, while the Nasdaq listing remains PFG.