![]() Its operating earnings increased 37 percent to $50.7 million in the third quarter from the same period a year earlier. Other highlights included a 55 percent increase in assets under management at Principal International, the global growth vehicle headed by Luis Valdes. “We’ve tried to rebalance that and we’ve had some pretty good success,” he said. Zimpleman said analysts had been concerned in recent years by narrowing margins in that business, which are now recovering. It contributed $2.7 billion to the Retirement and Investor Services Accumulation business’ sales of $7.6 billion, the Principal report said. Cuprum chile full#“The interesting thing for me was in full service accumulation, where there was a big jump in fees and other revenue.”įull service accumulation is the 401(k) retirement business, he said. “It looks like a good quarter,” said Steven Schwartz, an insurance industry analyst at Raymond James & Associates. Principal reported that it will be distributing a 26-cent dividend per common share, payable Dec. That compares with $187.2 million, or 63 cents per share, a year ago. Net income surged 31 percent to $245.7 million, or 82 cents a share, in the third quarter. Principal’s operating revenue declined 12 percent to $2.32billion in the third quarter on a year-over-year basis due to the comparison with what the company described as a single large premium sale in 2012. The Cuprum deal was the sixth acquisition of its type since 2010 for the company, which has allocated at least $2.4billion for strategic acquisitions, common stock dividends and share repurchases since the beginning of 2012. It’s the third-largest employer in the Des Moines region with about 6,100 workers. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)Ĭalendars and Economy: 'Actual' numbers are added to the table after economic reports are released.Principal reported $450.6 billion of assets under management at the end of the second quarter. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.Ĭryptocurrencies: Cryptocurrency quotes are updated in real-time. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright © Refinitiv. Data may be intentionally delayed pursuant to supplier requirements. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Source: FactSetĭata are provided 'as is' for informational purposes only and are not intended for trading purposes. ![]() Change value during other periods is calculated as the difference between the last trade and the most recent settle. ![]() Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Sources: FactSet, Tullett PrebonĬommodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Tullett PrebonĬurrencies: Currency quotes are updated in real-time. Sources: FactSet, Dow Jonesīonds: Bond quotes are updated in real-time. Sources: FactSet, Dow JonesĮTF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Overview page represent trading in all U.S. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Copyright © FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. ![]()
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