Principal Financial Group (PFG), coming off mixed third-quarter results, has several things going for them, among them the recent closing of the acquisition of Wells Fargo IRT. The company has shown strong growth in revenue, earnings, and dividends over the years, and this has continued.
The company is undervalued at this time, with a fair value of $69, based on the fantastic free cash flow, and the expansion in PE ratio compared to current levels.
So without any further ado, let’s dive in to see what’s brewing under the hood at Principal.
Overview
Principal Financial