Principal Financial Stock Is Within 2% of Its High. Friday Could Test the Rally
Principal Financial Group shares closed at $103.51 Thursday, up 2.29%, after announcing a new State Street servicing mandate. The stock sits 1.42% below its May 27 high, with trading volume below average. First-quarter non-GAAP operating earnings rose 10% to $456.1 million, and assets under management climbed 7% to $770.2 billion. The company raised its quarterly dividend to 82 cents a share, up 8% from last year.