B of A cuts Principal Financial Group target to $95

0 min read | Published on 24 Jun 2026, 04:08 PM |Updated on 24 Jun 2026, 06:26 PM

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Radhika SScanX News Team

Key Highlights

B of A Securities analyst Joshua Shanker downgraded Principal Financial Group from Neutral to Underperform, reducing the price target to $95 from $98. Shares closed at $132.88 on Tuesday.

*this image is generated using AI for illustrative purposes only.

B of A Securities analyst Joshua Shanker has downgraded Principal Financial Group from Neutral to Underperform. The firm also lowered the price target for the company to $95 from the previous $98. Principal Financial shares closed at $132.88 on Tuesday.

Rating and Price Target Changes

The downgrade reflects a revised outlook on the stock's performance potential. The adjustment in the price target indicates a reduced valuation expectation for the shares.

Metric	Previous	New
Rating	Neutral	Underperform
Price Target	$98	$95

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific factors led B of A Securities to revise its outlook on Principal Financial Group's performance potential?

How might the downgrade influence investor sentiment and trading volume for Principal Financial shares in the near term?

What are the broader market or sector trends that could be contributing to the reduced valuation expectation?

AM Best assigns 'a' rating to Principal Financial Group's USD 400 million notes

0 min read | Published on 09 Jun 2026, 10:35 PM |Updated on 09 Jun 2026, 10:35 PM

Reviewed by

Radhika SScanX News Team

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Key Highlights

AM Best assigned a Long-Term Issue Credit Rating of 'a' (Excellent) to Principal Financial Group, Inc.'s USD 400 million 5.3% senior unsecured notes due 2037, with a stable outlook. The agency cited the company's adequate proforma adjusted financial leverage of 24% and strong holding company liquidity. Proceeds will support general business purposes and prefund upcoming maturities.

*this image is generated using AI for illustrative purposes only.

AM Best has assigned a Long-Term Issue Credit Rating of "a" (Excellent) to Principal Financial Group, Inc.'s recently announced USD 400 million issuance of 5.3% senior unsecured notes due 2037. The outlook assigned to this rating is stable. This rating action reflects the company's adequate proforma adjusted financial leverage and interest coverage, which are in line with its current ratings.

The proceeds from this debt issuance are expected to be used for general business purposes and to prefund upcoming maturities. Principal Financial Group's proforma adjusted financial leverage stands at 24%, as calculated by AM Best. The agency noted that the holding company liquidity is strong.