Principal Financial Group's shares have fallen 2.2% since its second-quarter earnings report, underperforming the S&P 500, but the company posted strong results and raised its dividend. Operating earnings of $2.50 per share beat estimates by 7.3%, while revenues rose 6.4% to $3.99 billion, slightly missing consensus. The company agreed to acquire Beam Benefits, a provider of dental and vision insurance for small businesses, and maintained its 2026 earnings and capital targets. The board increased the quarterly dividend by 2 cents to 84 cents per share. Analysts have broadly revised estimates upward, and the stock holds a Zacks Rank #3 (Hold).
Principal Financial Group IncStrong earnings beat and dividend increase, though shares dipped.
Acquisition by Principal Financial Group provides value and growth prospects.
