Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates in Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Income Solutions segment provides a portfolio of asset accumulation products and services for retirement savings and income. It offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit pension plans, nonqualified executive benefit plans, employee stock ownership plans, and pension risk transfer services; individual retirement accounts and payroll deduction plans; investment only products; and mutual funds, individual annuities, and bank products. The Principal Global Investors segment provides equity, fixed income, real estate, and other alternative investments, as well as asset allocation, stable value management, and other structured investment strategies. The Principal International segment offers pension accumulation and income annuity products, mutual funds, asset management, and life insurance accumulation products, as well as voluntary savings plans in Brazil, Chile, Mexico, China, Hong Kong Special Administrative Region, India, and Southeast Asia. The U.S. Insurance Solutions segment provides specialty benefits, such as group dental and vision insurance, group life insurance, and group and individual disability insurance, as well as administers group dental, disability, and vision benefits; and individual life insurance products comprising universal, variable universal, indexed universal, and term life insurance products in the United States. It also offers insurance solutions for small and medium-sized businesses and their owners, as well as executives. Principal Financial Group, Inc. was founded in 1879 and is based in Des Moines, Iowa.
IPO Year: 2001
Exchange: NASDAQ
Website: principal.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/23/2025 | $93.00 | Market Perform | BMO Capital Markets |
| 1/7/2025 | $95.00 → $92.00 | Neutral → Overweight | Analyst |
| 12/18/2024 | $90.00 | Neutral → Overweight | Piper Sandler |
| 12/11/2024 | $84.00 → $75.00 | Equal Weight → Underweight | Wells Fargo |
| 12/5/2024 | $86.00 → $80.00 | Equal-Weight → Underweight | Morgan Stanley |
| 9/5/2024 | $74.00 | Underweight | Barclays |
| 7/9/2024 | $99.00 | Mkt Perform → Strong Buy | Raymond James |
| 7/2/2024 | $88.00 → $96.00 | Underweight → Neutral | JP Morgan |
| 2/15/2024 | $75.00 | Underweight → Equal-Weight | Morgan Stanley |
| 1/4/2024 | $82.00 → $83.00 | Underperform → In-line | Evercore ISI |
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4 - PRINCIPAL FINANCIAL GROUP INC (0001126328) (Issuer)
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AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "aa" (Superior) of Principal Life Insurance Company and Principal National Life Insurance Company. Both are life insurance operating companies of Principal Financial Group, Inc. (PFG) (NASDAQ:PFG) and collectively referred to as Principal. Concurrently, AM Best has affirmed the Long-Term ICRs of "a" (Excellent) of Principal Financial Services, Inc. and PFG, as well as the group's Long-Term Issue Credit Ratings (Long-Term IRs). In addition, AM Best has affirmed the group's Short-Term Issue Credit Rating (Short-Term IR). The outlook of these Credit Ratings (ratings)
Raises second quarter 2025 common stock dividend Principal Financial Group® (NASDAQ:PFG) announced results for first quarter 2025. Diluted earnings per common share 1Q25 Net income attributable to PFG (in millions) 1Q25 Net income attributable to PFG $0.21 Net income attributable to PFG $48 Non-GAAP net income attributable to PFG, excluding exited business1 $1.31 Non-GAAP net income attributable to PFG, excluding exited business1 $299 Non-GAAP operating earnings1 $1.81 Non-GAAP operating earnings1 $415 First Quarter 2025 Highlights Non-GAAP operating earnings per diluted share, excluding significant
Results will be released April 24; Conference call scheduled for April 25 Principal Financial Group® (NASDAQ:PFG) announced today that it will release first quarter 2025 financial results after U.S. markets close on Thursday, April 24, 2025. On Friday, April 25, 2025, at 10 a.m. ET, Deanna Strable, president and chief executive officer, and Joel Pitz, interim chief financial officer, will discuss the results during a live conference call. Additional members of senior management will be available for a question-and-answer session. The company's earnings release, financial supplement, and slides will be available at investors.principal.com. To access the Friday, April 25 conference call:
Raises first quarter 2025 common stock dividend, announces $1.5 billion share repurchase authorization Principal Financial Group® (NASDAQ:PFG) announced results for full year and fourth quarter 2024. Diluted earnings per common share 2024 4Q24 Net income attributable to PFG (in millions) 2024 4Q24 Net income attributable to PFG $6.68 $3.92 Net income attributable to PFG $1,571 $905 Non-GAAP net income attributable to PFG, excluding exited business1 $6.40 $1.53 Non-GAAP net income attributable to PFG, excluding exited business1 $1,505 $354 Non-GAAP o
Results will be released February 6; Conference call scheduled for February 7 Principal Financial Group® (NASDAQ:PFG) announced today that it will release fourth quarter and full year 2024 financial results and the company's outlook for 2025 after U.S. markets close on Thursday, February 6, 2025. On Friday, February 7, 2025, at 9 a.m. ET, Deanna Strable, president and chief executive officer, and Joel Pitz, interim chief financial officer, will discuss the results and the 2025 outlook during a live conference call. Additional members of senior management will be available for a question-and-answer session. The company's earnings release, financial supplement, and slides will be availabl
Raises fourth quarter 2024 common stock dividend Principal Financial Group® (NASDAQ:PFG) announced results for third quarter 2024. Third Quarter 2024 Highlights Net loss attributable to Principal Financial Group (PFG) of $220 million, or $0.95 per diluted share, driven by the loss from exited business Non-GAAP net income attributable to PFG, excluding exited business, of $419 million, or $1.78 per diluted share Non-GAAP operating earnings1 of $412 million, or $1.76 per diluted share; excluding impacts of the 3Q24 significant variances2, non-GAAP operating earnings of $480 million, or $2.05 per diluted share Returned $416 million of capital to shareholders, including $251 millio
Results will be released October 24, Conference call scheduled for October 25 Principal Financial Group® (NASDAQ:PFG) announced today that it will release third quarter 2024 financial results 15 minutes after U.S. markets close on Thursday, October 24, 2024. On Friday, October 25, 2024, at 10 a.m. ET, Dan Houston, chairman and chief executive officer, and Deanna Strable, president and chief operating officer, will discuss the results during a live conference call. Other members of senior management will be available for a question and answer session. Additional information about quarterly financial results, including the earnings release, supplement, and slides will be available on our we
Raises third quarter 2024 common stock dividend Principal Financial Group® (NASDAQ:PFG) announced results for second quarter 2024. Second Quarter 2024 Highlights Net income attributable to Principal Financial Group (PFG) of $353 million, or $1.49 per diluted share Non-GAAP net income attributable to PFG, excluding exited business, of $356 million, or $1.50 per diluted share Non-GAAP operating earnings1 of $386 million, or $1.63 per diluted share Returned $415 million of capital to shareholders, including $250 million of share repurchases and $165 million of common stock dividends Raised third quarter 2024 common stock dividend to $0.72 per share, a 1 cent increase over th
Results will be released July 25; Conference call scheduled for July 26 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. markets close. On Friday, July 26, 2024, at 10 a.m. ET, Dan Houston, chairman, president, and chief executive officer, and Deanna Strable, executive vice president and chief financial officer, will discuss the results during a live conference call. Other members of senior management will be available for a question and answer session. Additional information about quarterly financial results, including the earnings release, supplement, and slides will be
Raises second quarter 2024 common stock dividend Principal Financial Group® (NASDAQ:PFG) announced results for first quarter 2024. First Quarter 2024 Highlights Net income attributable to Principal Financial Group (PFG) of $533 million, or $2.22 per diluted share Non-GAAP net income attributable to PFG, excluding exited business of $376 million, $1.58 per diluted share Non-GAAP operating earnings1 of $394 million, or $1.65 per diluted share Returned $362 million of capital to shareholders, including $200 million of share repurchases and $162 million of common stock dividends Raised second quarter 2024 common stock dividend to $0.71 per share, a 2 cent increase over the fi
BMO Capital Markets initiated coverage of Principal Fincl with a rating of Market Perform and set a new price target of $93.00
Analyst upgraded Principal Fincl from Neutral to Overweight and set a new price target of $92.00 from $95.00 previously
Piper Sandler upgraded Principal Fincl from Neutral to Overweight and set a new price target of $90.00
Wells Fargo downgraded Principal Fincl from Equal Weight to Underweight and set a new price target of $75.00 from $84.00 previously
Morgan Stanley downgraded Principal Fincl from Equal-Weight to Underweight and set a new price target of $80.00 from $86.00 previously
Barclays initiated coverage of Principal Fincl with a rating of Underweight and set a new price target of $74.00
Raymond James upgraded Principal Fincl from Mkt Perform to Strong Buy and set a new price target of $99.00
JP Morgan upgraded Principal Fincl from Underweight to Neutral and set a new price target of $96.00 from $88.00 previously
Morgan Stanley upgraded Principal Fincl from Underweight to Equal-Weight and set a new price target of $75.00
Evercore ISI upgraded Principal Fincl from Underperform to In-line and set a new price target of $83.00 from $82.00 previously
Pitz fills role previously held by Deanna Strable, President & CEO Principal Financial Group® (NASDAQ:PFG) today announced the appointment of Joel Pitz as executive vice president and chief financial officer, effective immediately. Pitz steps into the role after 30 years with Principal and brings extensive experience in successfully aligning financial strategy to business goals. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250520603945/en/Joel Pitz "Joel has demonstrated strong leadership throughout his time at Principal and during his tenure as interim CFO which will continue to serve the company well," said Deanna Strable, P
CHARLOTTE, N.C., May 19, 2025 /PRNewswire/ -- Deriva Energy, LLC, a leader in clean power generation, operations and development, today announced that it has completed a $127 million debt financing for a portfolio of two operating energy assets. Principal Asset ManagementSM and MetLife Investment Management provided Senior Secured Notes to the portfolio, which is comprised of two projects owned and operated by Deriva, Ledyard Wind and Pisgah Ridge Solar. Ledyard Wind is a 207 MW wind facility in Kossuth County, Iowa, and Pisgah Ridge is a 250 MW solar facility located in Navar
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "aa" (Superior) of Principal Life Insurance Company and Principal National Life Insurance Company. Both are life insurance operating companies of Principal Financial Group, Inc. (PFG) (NASDAQ:PFG) and collectively referred to as Principal. Concurrently, AM Best has affirmed the Long-Term ICRs of "a" (Excellent) of Principal Financial Services, Inc. and PFG, as well as the group's Long-Term Issue Credit Ratings (Long-Term IRs). In addition, AM Best has affirmed the group's Short-Term Issue Credit Rating (Short-Term IR). The outlook of these Credit Ratings (ratings)
Raises second quarter 2025 common stock dividend Principal Financial Group® (NASDAQ:PFG) announced results for first quarter 2025. Diluted earnings per common share 1Q25 Net income attributable to PFG (in millions) 1Q25 Net income attributable to PFG $0.21 Net income attributable to PFG $48 Non-GAAP net income attributable to PFG, excluding exited business1 $1.31 Non-GAAP net income attributable to PFG, excluding exited business1 $299 Non-GAAP operating earnings1 $1.81 Non-GAAP operating earnings1 $415 First Quarter 2025 Highlights Non-GAAP operating earnings per diluted share, excluding significant
Results will be released April 24; Conference call scheduled for April 25 Principal Financial Group® (NASDAQ:PFG) announced today that it will release first quarter 2025 financial results after U.S. markets close on Thursday, April 24, 2025. On Friday, April 25, 2025, at 10 a.m. ET, Deanna Strable, president and chief executive officer, and Joel Pitz, interim chief financial officer, will discuss the results during a live conference call. Additional members of senior management will be available for a question-and-answer session. The company's earnings release, financial supplement, and slides will be available at investors.principal.com. To access the Friday, April 25 conference call:
Principal Asset ManagementSM, the investment management unit of Principal Financial Group®, appointed Matthew Peron as Deputy CIO of Equities and Portfolio Manager, a newly established role aimed at further strengthening the equities platform, optimizing performance, and fostering innovation across global equity strategies at Principal. In this leadership role, Peron will serve as a strategic partner to George Maris, chief investment officer and global head of equities, and other senior leaders to provide investment leadership, drive innovation, and advance portfolio outcomes to elevate overall client outcomes. "As we navigate an increasingly complex global equities landscape, Principal r
Aimed for investors seeking both stability and long-term capital growth Principal Asset Management℠ announced the launch of the Principal Capital Appreciation Select ETF (LCAP). This ETF will be managed by Principal Edge, an investment team within Principal Asset Management overseeing $21.1 billion in AUM1. With ongoing market volatility, the case for active equity ETFs — particularly those with large-cap U.S. exposure — is growing stronger. Unlike passive strategies, active management provides the flexibility to navigate uncertainty, identify undervalued opportunities, and seek to mitigate downside risks. In 2024, active ETFs experienced accelerating growth, with net inflows exceeding $2
WINDSOR, Conn., March 25, 2025 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) today announced that Principal Asset Management has extended its transfer agency relationship with SS&C. Principal Asset Management is the investment management division of Principal Financial Group (NASDAQ:PFG). SS&C Global Investor & Distribution Solutions will provide a full range of fund services to Principal's 114 mutual funds comprised of 467 mutual and retail alternatives share classes, with approximately $160 billion in assets under management. Principal's offerings for indivi
Recognizing Principal as a leader in integrity, compliance, and ethical leadership Principal Financial Group® has been recognized as one of the 2025 World's Most Ethical Companies® by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. This marks the 14th time Principal has received this prestigious honor, recognizing its dedication to ethical leadership and corporate responsibility. "Ethical business practices are fundamental to garnering trust with customers and contribute to our long-term success," said Deanna Stable, president and CEO of Principal. "We are honored to be named as one of the World's Most Ethical Companies®. By consistently
Principal Asset Management℠, the investment management unit of Principal Financial Group®, reached the final investor close on February 28 for its Principal Data Center Growth & Income Fund (the Fund), which is dedicated to the development of a portfolio of hyperscale data center projects across the United States. The Fund raised $3.64 billion, well in excess of the target from a diverse global investor base. This is the third discretionary data center-focused vehicle by Principal. The Fund is expected to capitalize more than $8 billion of hyperscale development assets across the U.S. in partnership with Stream Data Centers, a leading provider of digital infrastructure solutions. "Closi
Pitz fills role previously held by Deanna Strable, President & CEO Principal Financial Group® (NASDAQ:PFG) today announced the appointment of Joel Pitz as executive vice president and chief financial officer, effective immediately. Pitz steps into the role after 30 years with Principal and brings extensive experience in successfully aligning financial strategy to business goals. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250520603945/en/Joel Pitz "Joel has demonstrated strong leadership throughout his time at Principal and during his tenure as interim CFO which will continue to serve the company well," said Deanna Strable, P
Principal Asset ManagementSM, the investment management unit of Principal Financial Group®, appointed Matthew Peron as Deputy CIO of Equities and Portfolio Manager, a newly established role aimed at further strengthening the equities platform, optimizing performance, and fostering innovation across global equity strategies at Principal. In this leadership role, Peron will serve as a strategic partner to George Maris, chief investment officer and global head of equities, and other senior leaders to provide investment leadership, drive innovation, and advance portfolio outcomes to elevate overall client outcomes. "As we navigate an increasingly complex global equities landscape, Principal r
A community event focused on achieving Victory Over Cancer® Principal Financial Group® invites community members to its global headquarters in Des Moines on World Cancer Day, Thursday, February 4, for an educational event with the V Foundation for Cancer Research. The event will feature a keynote from Shane Jacobson, V Foundation Chief Executive Officer and Susanna Greer, Ph.D., V Foundation Chief Scientific Officer, as they provide education on the importance of cancer research, its impact on everyday health and wellness, and the inspirational stories of hope cancer continues to provide. The CDC's National Center for Health Statistics cites cancer is the second-leading cause of death i
Principal Financial Group® (NASDAQ:PFG) today announced Lisa Coulson as the company's next chief human resources officer and senior vice president, effective Nov. 30, 2024. Coulson steps into the role after 17 years with Principal and significant experience helping companies align talent strategy with business objectives and customer needs. "Lisa brings extensive experience across crucial talent functions including leader development, change management, and workforce planning," said Deanna Strable, president, chief operating officer, and chief executive officer elect of Principal. "Her expertise is critical as we continue to adapt our talent strategy to align to the evolving needs of our
A collaboration to equip young women with financial literacy skills Principal Financial Group® and Girl Scouts of Greater Iowa (GSGI) announced a collaboration today unveiling two initiatives designed to empower young women and enhance community involvement: Girl Scout Takeover Day and the DataSetGold program. Girl Scout Takeover Day at Principal Principal will host a Takeover Day set to inspire and engage girls in grades 6-12 with a variety of enriching activities on Friday, September 27, 2024, from 10 a.m. to 2 p.m. at Principal world headquarters in Des Moines, Iowa. This collaboration with GSGI is open to Girl Scout Cadettes, Seniors and Ambassadors as well as young women in grade
Mansi Patel joins as head of infrastructure debt Principal Asset Management℠ today announced the launch of its new private infrastructure debt capability (the capability) and the hiring of Mansi Patel as senior managing director, head of infrastructure debt to lead its launch and implementation. This new capability adds to the firm's long-standing expertise in public listed infrastructure, real estate debt, and alternative credit. The capability will focus on investing in a diversified portfolio of private infrastructure debt, targeting thematic investments in globalization, decarbonization, and electrification. By doing so, it aims to generate a higher risk premium relative to its publ
Annual PGA TOUR Champions event raised more than $7.3 million for Iowa children's charities The Principal Charity Classic today announced its 2021 tournament raised more than $7.3 million in support of Iowa children's charities, surpassing the event's previous record of $6.7 million set in 2020 despite the tournament being canceled due to COVID-19. The annual PGA TOUR Champions event in Des Moines has now raised more than $37 million for Iowa children's charities since Principal Financial Group® became the title sponsor in 2007. "The record levels of generosity have brought the Principal Charity Classic to new heights. It's a true testament to the sponsors, volunteers, players, fans, and
Investor Day to be held on June 29 Principal Financial Group® (NASDAQ:PFG) announced today that Claudio Muruzábal, president of SAP South Europe, Middle East, Africa and chairman of SAP Latin America & Caribbean, has been elected to the Principal® Board of Directors, effective July 1, 2021. "Claudio brings immense global experience in many of the markets where Principal does business today, along with more than 25 years of leadership in the technology industry," said Dan Houston, chairman, president and chief executive officer of Principal. "Claudio will bring valuable insight as we consider new and innovative approaches to delivering customer guidance and solutions, including through dig
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