Keefe, Bruyette & Woods raises target for Principal Financial stock to USD 117.00

Published on 10/02/2026 at 14:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Beam brought more than 25,000 customers on September 1, 2026. Principal Financial stock costs EUR 100.25 after EUR 99.75, plus 0.50 percent.

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Keefe, Bruyette & Woods raised its target for Principal Financial stock from USD 112.00 to USD 117.00 on September 3, 2026, while keeping its Market Perform rating, according to Marketscreener. Principal Financial completed the Beam Benefits acquisition on September 1, and the euro quote was EUR 100.25 at Lang & Schwarz on October 2, 2026 at 2:02 p.m. CEST, plus 0.50 percent versus the prior close of EUR 99.75.

Beam expands benefits reach

Marketscreener reported that Beam serves more than 25,000 small businesses and that over 200 Beam employees moved to Principal after the transaction closed. Beam provides dental, vision, life, disability and supplemental health coverage through a digital platform.

The deal strengthens Principal's Benefits and Protection business with digital quoting, self-service tools and AI-powered underwriting. The company said its 2026 capital deployment and earnings per share growth targets remained unchanged after the acquisition, keeping the transaction tied to expansion rather than a new financial target.

Second-quarter earnings beat estimates

Principal reported adjusted earnings per share of USD 2.50 for the second quarter ended June 30, 2026, versus FactSet consensus of USD 2.34, according to Marketscreener. The USD 0.16 difference equals 6.84 percent above consensus, a useful benchmark for judging whether the Beam integration can support the group beyond the transaction itself.

Structured financial data show second-quarter revenue of USD 3.9058 billion and net income of USD 430.3 million. Compared with the first quarter of 2026, revenue increased from USD 3.5291 billion by 10.67 percent, while net income rose from USD 412.9 million by 4.21 percent.

Next results arrive October 26

Business Wire said Principal will release third-quarter 2026 results after U.S. markets close on October 26, 2026, followed by a conference call on October 27. Principal Financial Group has a USD 24.0 billion market capitalization and a USD 77.90 to USD 121.18 52-week range as of October 1, 2026, based on Nasdaq market data.

The further course of trading is shown by the continuously updated real-time quote of Principal Financial stock.