Wells Fargo cuts target for Principal Financial Group stock to USD 113

Published on 10/17/2026 at 19:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 26, 2026. Principal Financial Group stock last stood at USD 108.81 on October 16, 2026, down 0.14 percent versus the prior close.

Analyst target and reporting date

Wells Fargo reduced its Principal Financial Group target from USD 115.00 to USD 113.00 on October 12, 2026.
Principal will release third-quarter 2026 results on October 26, 2026, followed by a conference call on October 27, 2026.
Principal Financial Group stock last stood at USD 108.81 on October 16, 2026, down 0.14 percent versus the prior close.
The price-to-earnings ratio was 15.48 on October 16, 2026.

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Wells Fargo cut its target for Principal Financial Group (ISIN US74251V1026) from USD 115.00 to USD 113.00 on October 12, 2026, while maintaining an Equal Weight rating, according to MarketBeat. The new target is 3.85 percent above the Nasdaq price of USD 108.81. Principal Financial Group last stood at USD 108.81 on October 16, 2026 at 4:00 p.m. ET, down 0.14 percent from USD 108.96.

Results date is October 26

The next scheduled corporate event is the release of third-quarter 2026 results after the U.S. market close on October 26, 2026. The following day, October 27, 2026, Chief Executive Officer Deanna Strable and Chief Financial Officer Joel Pitz are scheduled to discuss the figures in a conference call, according to Principal.

Stock remains below its yearly high

The October 16, 2026 Nasdaq price was USD 12.37, or 10.21 percent, below the 52-week high of USD 121.18. It was USD 30.32, or 38.63 percent, above the 52-week low of USD 78.49. Trading volume was 1,095,972 shares against an average of 1,364,385 shares on the same date.

Valuation and market comparison

Principal Financial Group had a market capitalization of USD 23.3 billion and a price-to-earnings ratio of 15.48 on October 16, 2026. Its trailing dividend yield was 3.00 percent on that date. The Wells Fargo target of USD 113.00 remains the most recent target used here, with the analyst's October 12, 2026 rating carrying an Equal Weight label.

Comparison with peers

Figures below are dated October 16, 2026.

Principal Financial Group (Nasdaq, USD): minus 0.14 percent, P/E 15.48, market capitalization USD 23.3 billion
Prudential Financial (NYSE, USD): minus 0.38 percent, P/E 10.43, market capitalization USD 40.0 billion
Assurant (NYSE, USD): plus 0.51 percent, P/E 13.42, market capitalization USD 14.0 billion

Price and range

Principal Financial Group last stood at USD 108.81 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, down 0.14 percent versus the prior close. Its market capitalization was USD 23.3 billion on the same date.