Principal Financial Group, Inc. (PFG)
| 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]
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 StatementsAnalyst 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.
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.
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...
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...
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...
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...
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...
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...
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...
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...
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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...
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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...
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...
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 ...
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.
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...
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.
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...
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...
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...
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...
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...