Wells Fargo Upgrades Principal Financial Group, Inc. (PFG) to Equal Weight and Raises its Price Target to $91

Principal Financial Group, Inc. (NASDAQ:PFG) is among the 13 Most Undervalued S&P 500 Stocks to Invest In.

On February 25, 2026, Wells Fargo upgraded Principal Financial Group, Inc. (NASDAQ:PFG) to Equal Weight from Underweight and raised its price target to $91 from $85. The firm said it sees less downside following the post-earnings selloff. While noting that organic growth remains a challenge, Wells Fargo said fundamentals could improve in the real estate market, where Principal has among the most exposure in the group.

On February 10, 2026, Principal reported Q4 EPS of $2.24 versus the consensus of $2.22. Chair, President, and CEO Deanna Strable said the company delivered strong 2025 results, achieving objectives across earnings growth, return on equity, and free capital flow. Strable noted that over $1.5 billion was returned to shareholders in 2025, including $850 million in share repurchases, and said the company enters 2026 well-positioned to deliver on financial targets.

Principal also raised its quarterly dividend to 80c per share from 79c. The first-quarter dividend is payable on March 27, 2026, to shareholders of record as of March 11, 2026.

Principal Financial Group, Inc. (NASDAQ:PFG) provides retirement, asset management, and insurance products and services globally.

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