Principal Financial Group, Inc. (PFG)

NASDAQ: PFG · IEX Real-Time Price · USD
74.51
-0.80 (-1.06%)
At close: Sep 22, 2023, 4:00 PM
75.62
+1.11 (1.49%)
After-hours: Sep 22, 2023, 7:40 PM EDT
-1.06%
Market Cap 18.01B
Revenue (ttm) 14.10B
Net Income (ttm) 1.62B
Shares Out 241.72M
EPS (ttm) 6.61
PE Ratio 11.27
Forward PE 10.46
Dividend $2.60 (3.49%)
Ex-Dividend Date Sep 6, 2023
Volume 585,616
Open 75.32
Previous Close 75.31
Day's Range 74.50 - 75.53
52-Week Range 65.17 - 96.17
Beta 1.31
Analysts Sell
Price Target 77.62 (+4.17%)
Earnings Date Oct 26, 2023

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 Global Investors, Principal International, and U.S. Insurance Solutions 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... [Read more]

Sector Financials
Founded 1879
Employees 19,300
Stock Exchange NASDAQ
Ticker Symbol PFG
Full Company Profile

Financial Performance

In 2022, PFG's revenue was $17.49 billion, an increase of 22.64% compared to the previous year's $14.26 billion. Earnings were $4.81 billion, an increase of 181.28%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for PFG stock is "Sell." The 12-month stock price forecast is $77.62, which is an increase of 4.17% from the latest price.

Price Target
$77.62
(4.17% upside)
Analyst Consensus: Sell
Stock Forecasts

News

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.

17 days 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...

4 weeks 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...

2 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...

2 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...

2 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...

3 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...

4 months 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...

5 months 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...

5 months 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
5 months 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...

6 months ago - Business Wire

3 Leading Dividend Stocks Expected To Grow Earnings

Steady dividend payers are a smart addition to any portfolio, as they contribute to the investment goal of combining growth with income. Leading dividend stocks that are also showing either strong ear...

Other symbols: CAGIPG
6 months ago - MarketBeat

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
7 months 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...

7 months 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...

7 months ago - Business Wire

Principal to Host 2023 Outlook Call on March 2, 2023

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced today that it will release its outlook for 2023 on Thursday, March 2, 2023. Dan Houston, chairman, president, and ...

8 months ago - Business Wire

Principal Financial Group® Names Vivek Agrawal as Chief Growth Officer

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® today announced Vivek Agrawal will join the company as chief growth officer effective March 7.

8 months ago - Business Wire

Amy Friedrich to Speak at Bank of America Financial Services Conference 2023

DES MOINES, Iowa--(BUSINESS WIRE)--Today, Principal Financial Group® (Nasdaq: PFG) announced Amy Friedrich, president of U.S. Insurance Solutions at Principal, will participate in a fireside chat at...

8 months ago - Business Wire

Principal Financial Group® Announces Full Year and Fourth Quarter 2022 Results

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced results for full year and fourth quarter of 2022.

8 months ago - Business Wire

9 Best Stocks for Rising Interest Rates

The Federal Reserve has been aggressive in its rate hiking, and it's likely not done yet. Here are nine of the best stocks for rising interest rates.

Other symbols: AMGENBFICOFSLRHBILWMCK
8 months ago - Kiplinger

Principal® Doubles Direct Lending Committed Capital In 2022

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Asset ManagementSM doubled its direct lending committed capital in 2022, increasing its foothold in the middle market. The direct lending team, now in it...

8 months ago - Business Wire

Crane and Principal Asset ManagementSM to develop 100+ MW data center campus in growing Portland market

SAN FRANCISCO , Jan. 16, 2023 /PRNewswire/ -- Crane Data Centers Inc., ("Crane") and Principal Asset Management, through its real estate investment team, announce today the development of a 100+ MW da...

8 months ago - PRNewsWire

Principal® to Announce Fourth Quarter and Full Year 2022 Financial Results

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) announced today that it will release fourth quarter and full year 2022 financial results 15 minutes after U.S. markets clo...

9 months ago - Business Wire

Principal® announces pension joint venture in China

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® , a leading global financial services provider, today announced an exciting new chapter in their ongoing expansion of their global pensi...

9 months ago - Business Wire

Businesses and employees report rising concerns about a potential recession according to Principal® survey

DES MOINES, Iowa--(BUSINESS WIRE)--While most U.S. small and midsized businesses and their employees believe a recession is likely in 2023, business owners are opting to raise prices and reduce oper...

10 months ago - Business Wire