Barclays (LON:BARC) analyst Tracy Benguigui maintained a Buy rating on Principal Financial on Wednesday, setting a price target of $65, which is approximately 7.86% above the present share price of $60.27.
Benguigui expects Principal Financial to post earnings per share (EPS) of $1.72 for the first quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Principal Financial, with an average price target of $62.4.
The analysts price targets range from a high of $65 to a low of $57.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $3.77 billion and a net profit of $0. The company's market cap is $16.43 billion.
According to TipRanks.com, Barclays analyst Tracy Benguigui is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 7.2% and a 75.00% success rate.
Principal Financial Group (NASDAQ:PFG), Inc. is a financial company, which offers financial products and services to businesses, individuals and institutional clients. It specializes in retirement solutions, insurance, and investment products through its diverse family of financial services companies and national network of financial professionals. It operates its business through following segments: Retirement and Income Solutions, Principal Global Investors, Principal International, U.S. Insurance Solutions and Corporate. The Retirement and Income Solutions segment provides retirement and related financial products and services primarily to businesses, their employees and other individuals. The Principal Global Investors segment provides asset management services to asset accumulation business, insurance operations, corporate segment and third party clients and also refers to mutual fund business. The Principal International segment offers pension accumulation products and services, mutual funds, asset management, income annuities and life insurance accumulation products. The U.S. Insurance Solutions segment operates through two divisions. Specialty benefits insurance division consists of group dental and vision insurance, individual and group disability insurance, group life insurance and non-medical fee-for-service claims administration. Individual life insurance division provides solutions for small & medium-sized businesses. The Corporate segment manages the assets representing capital that has not been allocated to any other segment. The company was founded by Edward A. Temple in 1879 and is headquartered in Des Moines, IA.