Principal Financial rises on higher Q4 operating profit

Principal Financial

07/02/2025 18:46

** Shares of insurer and asset manager Principal Financial
Group  PFG.O  rise nearly 2% to $81.6 in afternoon trading
    ** Company posts Q4 adjusted operating profit of $1.94 per
share vs $1.83 per share a year ago 
    ** PFG's premium and fees from its specialty benefits
business climb 4% to $823.6 million
    ** Assets under management rise 3% to $712.1 billion
    ** Net investment income for the quarter falls marginally to
$1.12 billion, from $1.13 billion a year ago
    ** 4 of 15 brokerages rate the stock "buy" or higher, 8
"hold" and 3 "sell"; their median PT is $90 — LSEG
    ** The stock fell 1.6% in 2024, compared to a 23% jump in
the benchmark S&P 500  .SPX 

 (Reporting by Ateev Bhandari in Bengaluru)
 ((Ateev.Bhandari@thomsonreuters.com))