Principal Financial stock (US74251V1026): Raymond James lifts target to $111

Raymond James raised its price target on Principal Financial to $111 from $99 and kept an Outperform rating on May 19, 2026.

Principal Financial shares came into focus on May 19, 2026, after Raymond James raised its price target to $111 from $99 and maintained an Outperform rating, according to MarketScreener as of 05/19/2026. For US investors, the move matters because Principal Financial is a large-cap financial services name tied to retirement, insurance, and asset management exposure in the American market.

As of: 20.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Principal Financial Group, Inc.
• Sector/industry: Financials / Life & Health Insurance
• Headquarters/country: United States
• Core markets: Retirement, insurance, and asset management
• Key revenue drivers: Retirement fund management; life, disability, and protection insurance; asset management
• Home exchange/listing venue: Nasdaq: PFG
• Trading currency: USD

Principal Financial: core business model

Principal Financial Group serves businesses, individuals, and institutional clients through retirement solutions, protection products, and asset management services. MarketScreener’s company profile states that retirement fund management accounted for 50.9% of revenue, life, disability, and collective protection insurance for 30.9%, and asset management for 17.5% at the end of 2025, underscoring the company’s diversified fee-and-premium mix.

The company’s exposure is relevant for US investors because retirement and workplace benefits are closely linked to US employment trends, contribution flows, and market performance. That mix can make earnings more sensitive to asset values and policyholder behavior than a pure insurer, while also giving the stock a broad tie to the domestic financial system.

Main revenue and product drivers for Principal Financial

Principal’s retirement business is the largest contributor, and that segment benefits when assets under management rise and client inflows remain steady. The company reported $781 billion in assets under management at the end of 2025, according to the same MarketScreener company summary published on May 19, 2026. That scale is a key indicator for investors tracking fee generation and operating leverage.

Insurance and asset management provide additional earnings support. The insurance side can help stabilize results across market cycles, while the asset management business adds sensitivity to equity markets and client demand. Together, the mix makes Principal Financial a financials stock that can react both to macro conditions and to company-specific operating trends.

Analyst sentiment currently remains supportive, even after the mixed backdrop that often hits financial stocks during periods of rate volatility. The Raymond James target increase suggests at least one major brokerage sees room for better execution or valuation support, although the stock’s broader analyst consensus may still differ from that single view, according to the MarketScreener summary cited above.

Conclusion

Principal Financial has a business mix that combines retirement, insurance, and asset management, which gives investors exposure to several parts of the US financial economy in one stock. The Raymond James target increase to $111 is a fresh catalyst, but it is only one data point within a broader market view. For investors following US financials, the stock remains notable because its earnings base is tied to both long-term retirement assets and shorter-term market conditions.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.