Principal Financial Group, Inc. (PFG)

NASDAQ: PFG · IEX Real-Time Price · USD
79.26
+1.25 (1.60%)
Jul 2, 2024, 4:00 PM EDT - Market closed
1.60%
Market Cap 18.58B
Revenue (ttm) 14.90B
Net Income (ttm) 1.30B
Shares Out 234.38M
EPS (ttm) 5.37
PE Ratio 14.76
Forward PE 10.07
Dividend $2.84 (3.58%)
Ex-Dividend Date Jun 3, 2024
Volume 1,139,001
Open 78.14
Previous Close 78.01
Day's Range 78.03 - 79.42
52-Week Range 66.21 - 86.79
Beta 1.23
Analysts Hold
Price Target 81.93 (+3.37%)
Earnings Date Jul 25, 2024

About PFG

Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services. It offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit plans, nonqualified execu... [Read more]

Sector Financials
Founded 1879
Employees 19,800
Stock Exchange NASDAQ
Ticker Symbol PFG
Full Company Profile

Financial Performance

In 2023, PFG's revenue was $13.67 billion, a decrease of -22.07% compared to the previous year's $17.54 billion. Earnings were $623.20 million, a decrease of -86.90%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for PFG stock is "Hold." The 12-month stock price forecast is $81.93, which is an increase of 3.37% from the latest price.

Price Target
$81.93
(3.37% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Principal to Announce Second Quarter 2024 Financial Results

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced today that it will release second quarter 2024 financial results on Thursday, July 25, 2024, 15 minutes after U.S....

15 hours ago - Business Wire

SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Principal Financial Group, Inc. (NASDAQ: PFG) and Encourages Investors to Contact the Firm

PHILADELPHIA, PA / ACCESSWIRE / June 11, 2024 / Kaskela Law LLC announces that it is investigating Principal Financial Group, Inc. (NASDAQ:PFG) ("Principal Financial") on behalf of the company's stock...

21 days ago - Accesswire

Principal® Direct Lending Business Launches Private Credit Fund

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Asset ManagementSM today launched the Principal Private Credit Fund I, offering exposure to lower and core middle market loans, with immediate access to th...

4 weeks ago - Business Wire

Principal® announces new 12-month Apprentice Program

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® has created the Principal® Apprentice Program (the Program), a 12-month immersive program that provides pathways to full-time employment a...

4 weeks ago - Business Wire

Principal® to acquire ESOP business from Ascensus

DES MOINES, Iowa--(BUSINESS WIRE)--Principal, the No. 1 employee stock ownership plan (ESOP) service provider in the U.S., is acquiring the ESOP recordkeeping business from Ascensus.

6 weeks ago - Business Wire

Principal® Announces Launch of New Private Infrastructure Debt Capability Aimed at Providing Safety, Stability, and Enhanced Returns Amidst a Constrained Financing Market

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Asset Management℠ today announced the launch of its new private infrastructure debt capability (the capability) and the hiring of Mansi Patel as senior man...

6 weeks ago - Business Wire

Principal® survey reveals businesses set to grow, amid increased levels of optimism

DES MOINES, Iowa--(BUSINESS WIRE)--According to the latest Principal Financial Well-Being IndexSM (WBI), business owners, decision makers, and business leaders report strong levels of growth. Despite ...

2 months ago - Business Wire

Principal Financial Group Announces First Quarter 2024 Results

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced results for first quarter 2024. First Quarter 2024 Highlights Net income attributable to Principal Financial Group...

2 months ago - Business Wire

Principal® achieves sustainability goals in newly released report

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® has met or exceeded its multi-year sustainability goals according to findings in the 2023 Sustainability Report released today. The 2023 S...

2 months ago - Business Wire

Principal to Announce First Quarter 2024 Financial Results

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced today that it will release first quarter 2024 financial results after U.S. markets close on Thursday, April 25, 20...

3 months ago - Business Wire

Principal Financial Group® Announces Full Year and Fourth Quarter 2023 Results as well as 2024 Outlook

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced results for full year and fourth quarter 2023. Non-GAAP net income attributable to PFG excluding exited business1 ...

5 months ago - Business Wire

Principal® CEO Dan Houston to Speak at 2024 Bank of America Financial Services Conference

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced today that Dan Houston, chairman, president, and chief executive officer, will participate in a fireside chat at t...

5 months ago - Business Wire

Principal® Names Kamal Bhatia Head of Asset Management

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) today announced Kamal Bhatia, global head of investments and president of Principal® Funds and chairman of Principal Funds B...

6 months ago - Business Wire

Principal Financial Group to hold combined earnings and outlook call

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced today that it will release fourth quarter and full year 2023 financial results and the company's outlook for 2024 ...

6 months ago - Business Wire

Principal Financial Group® Announces Third Quarter 2023 Results

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced results for third quarter 2023. Non-GAAP net income attributable to PFG excluding income from exited business1 for...

8 months ago - Business Wire

Principal Financial Group® Chairman, President & CEO Dan Houston Recognized with the 2023 Ray Lillywhite Award by EBRI at the Defined Contribution West Conference in San Diego, CA

WASHINGTON--(BUSINESS WIRE)--Principal Financial Group® chairman, president & CEO Dan Houston received the 2023 Ray Lillywhite Award today from the Employee Benefit Research Institute (EBRI) at the De...

9 months ago - Business Wire

13 Unloved Stocks—and Why Wall Street Isn't Head Over Heels

Barron's looked for Russell 1000 companies that didn't have a single Buy recommendation.

Other symbols: AMCBENBHFCBSHDXCFHBHRL
9 months ago - Barrons

Principal to Announce Third Quarter 2023 Financial Results

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced today that it will release third quarter 2023 financial results after U.S. markets close on Thursday, October 26, ...

9 months ago - Business Wire

Regional banks facing credit losses for commercial real estate: Moody's study

A survey of commercial real estate exposure by U.S. regional banks reveals increasing asset risk and potential credit losses as loans mature over the next 18 months, Moody's Investors Service said.

10 months ago - Market Watch

Deanna Strable to Speak at Barclays Global Financial Services Conference

DES MOINES, Iowa--(BUSINESS WIRE)--Today, Principal Financial Group® (Nasdaq: PFG) announced Deanna Strable, executive vice president and chief financial officer, will participate in a fireside chat a...

11 months ago - Business Wire

Principal Financial Group® Announces Second Quarter 2023 Results

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced results for second quarter 2023. Non-GAAP net income attributable to PFG excluding income from exited business1 fo...

1 year ago - Business Wire

You can still run with the stock market's bulls, but watch the exits

The stock market, as measured by the S&P 500 Index SPX, -0.64%), has been moving upward. The U.S. benchmark index is essentially crawling up the higher “modified Bollinger Bands” (mBB), which is a bi...

1 year ago - Market Watch

Principal® launches Focused Blue Chip ETF

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Asset ManagementSM today launched the Focused Blue Chip ETF (BCHP). This ETF will be a large-cap growth portfolio managed by Principal Aligned, the equitie...

1 year ago - Business Wire

Principal® to announce second quarter 2023 financial results

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced today that it will release second quarter 2023 financial results on Thursday, July 27, 2023, after U.S. markets cl...

1 year ago - Business Wire

Principal® Foundation Invests More Than $30 Million to Help Over 8 Million People Access Greater Financial Security

DES MOINES, Iowa--(BUSINESS WIRE)--Principal® Foundation, the corporate foundation endowed by Principal Financial Group® (NASDAQ: PFG), exceeded its goal to invest $30 million over two years to advanc...

1 year ago - Business Wire