Principal Financial Group, Inc. (PFG)

NASDAQ: PFG · IEX Real-Time Price · USD
79.12
-1.94 (-2.39%)
At close: Apr 26, 2024, 4:00 PM
79.08
-0.04 (-0.05%)
After-hours: Apr 26, 2024, 4:19 PM EDT
-2.39%
Market Cap 18.61B
Revenue (ttm) 13.67B
Net Income (ttm) 623.20M
Shares Out 235.15M
EPS (ttm) 2.55
PE Ratio 31.03
Forward PE 10.31
Dividend $2.84 (3.59%)
Ex-Dividend Date Jun 3, 2024
Volume 1,398,114
Open 78.93
Previous Close 81.06
Day's Range 77.25 - 81.06
52-Week Range 65.17 - 86.79
Beta 1.24
Analysts Hold
Price Target 79.79 (+0.85%)
Earnings Date Apr 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 $79.79, which is an increase of 0.85% from the latest price.

Price Target
$79.79
(0.85% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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 days 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...

12 days 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...

23 days 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 ...

2 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...

3 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...

3 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 ...

4 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...

6 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...

6 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
7 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, ...

7 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.

8 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...

8 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...

9 months 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...

9 months 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...

10 months 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...

10 months 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

Solar Landscape Community Solar Project Brings Workforce Development to New Jersey Residents

Community Solar Installation in Secaucus Enables Career Training in Nearby Edison ASBURY PARK, N.J. , May 3, 2023 /PRNewswire/ -- Solar Landscape has completed construction of a 556-kilowatt (DC) roof...

1 year ago - PRNewsWire

Principal Financial Group® Announces First Quarter 2023 Results

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

1 year ago - Business Wire

Final Trades: Biotech, Defense, Thermo Fisher & more

The "Halftime Report" traders give their top picks to watch for the second half.

Other symbols: TMOITAXBI
1 year ago - CNBC Television

Principal to Announce First Quarter 2023 Financial Results

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced today that it will release first quarter 2023 financial results 15 minutes after U.S. markets close on Thursday, A...

1 year ago - Business Wire

5 Stocks to Sell or Avoid Now

In a difficult market like this, weak positions can get even weaker. Wall Street analysts believe these five stocks should be near the front of your sell list.

Other symbols: BENCLXEDEXPD
1 year ago - Kiplinger

Principal Financial Group Announces 2023 and Long-Term Outlook

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced its 2023 and long-term financial guidance today. Dan Houston, chairman, president, and CEO, and Deanna Strable, CF...

1 year ago - Business Wire

Principal® Announces Integration of Global Asset Management and International Pension Businesses

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced today it is integrating its global asset management and international pension businesses under Principal Asset Man...

1 year ago - Business Wire