PFG - Principal Financial Group Inc Stock Price, Fair Value and News

83.08USD+0.62 (+0.75%)Delayed as of 08 May 2024, 02:59 pm ET

Market Summary

USD83.08+0.62

Delayedas of 08 May 2024, 02:59 pm

0.75%

PFG Alerts

Big jump in Revenue (Y/Y)

Big jump in Earnings (Y/Y)

PFG Stock Price

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PFG RSI Chart

PFG Valuation

Market Cap

19.3B

Price/Earnings (Trailing)

14.91

Price/Sales (Trailing)

1.3

Price/Free Cashflow

5.25

PFG Price/Sales (Trailing)

PFG Profitability

Return on Equity

11.54%

Return on Assets

0.42%

Free Cashflow Yield

19.05%

PFG Fundamentals

PFG Revenue

Revenue (TTM)

14.9B

Rev. Growth (Yr)

43.79%

Rev. Growth (Qtr)

50.64%

PFG Earnings

Earnings (TTM)

1.3B

Earnings Growth (Yr)

480.09%

Earnings Growth (Qtr)

161.09%

Breaking Down PFG Revenue

52 Week Range

65.1784.65

(Low)(High)

Last 7 days

4.2%

Last 30 days

-2.4%

Last 90 days

5.5%

Trailing 12 Months

15.5%

How does PFG drawdown profile look like?

PFG Financial Health

Debt/Equity

0.35

Debt/Cashflow

0.94

PFG Investor Care

Dividend Yield

2.57%

Dividend/Share (TTM)

2.05

Buy Backs (1Y)

3.46%

Diluted EPS (TTM)

5.36

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	14.9B	0	0	0
2023	17.3B	14.2B	14.1B	13.7B
2022	14.3B	17.4B	18.6B	17.5B
2021	13.4B	13.8B	13.9B	14.4B
2020	17.0B	16.2B	15.0B	14.7B
2019	15.1B	15.8B	15.9B	16.2B
2018	13.9B	14.0B	13.7B	14.2B
2017	12.4B	12.6B	14.4B	14.1B
2016	12.3B	12.1B	11.7B	12.4B
2015	10.7B	11.3B	12.1B	12.0B
2014	9.6B	10.0B	10.2B	10.5B
2013	9.3B	9.4B	8.9B	9.3B
2012	8.5B	8.4B	9.0B	9.2B
2011	9.1B	9.2B	9.0B	8.7B
2010	8.9B	9.0B	9.0B	9.2B
2009	9.6B	9.1B	8.9B	8.8B
2008	0	10.6B	10.3B	9.9B
2007	0	0	0	10.9B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Principal Financial Group Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 28, 2024	bhatia kamal	acquired	-	-	308	president and ceo - pam
Mar 28, 2024	houston daniel joseph	acquired	-	-	1,278	chairman, president & ceo
Mar 28, 2024	richer clare stack	acquired	-	-	103	-
Mar 28, 2024	nordin diane c	acquired	-	-	176	-
Mar 28, 2024	rivera alfredo	acquired	-	-	78.00	-
Mar 28, 2024	mitchell h elizabeth	acquired	-	-	43.00	-
Mar 28, 2024	strable-soethout deanna d	acquired	-	-	93.00	evp & chief financial officer
Mar 28, 2024	mills scott	acquired	-	-	211	-
Mar 28, 2024	strable-soethout deanna d	acquired	-	-	288	evp & chief financial officer
Mar 28, 2024	halter patrick gregory	acquired	-	-	244	president and ceo - pam

Which funds bought or sold PFG recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Sciencast Management LP	reduced	-21.78	-115,357	698,248	0.43%
May 06, 2024	Investors Research Corp	unchanged	-	1,322	14,932	-%
May 06, 2024	Manchester Capital Management LLC	added	0.77	8,644	90,540	0.01%
May 06, 2024	SG Americas Securities, LLC	added	548	8,425,000	9,802,000	0.05%
May 06, 2024	Savant Capital, LLC	added	2.13	122,860	1,142,740	0.01%
May 06, 2024	OLD SECOND NATIONAL BANK OF AURORA	unchanged	-	2,292	25,893	0.01%
May 06, 2024	Advisory Services Network, LLC	reduced	-11.86	-8,123	237,948	-%
May 06, 2024	Candriam S.C.A.	added	19.7	387,004	1,622,890	0.01%
May 06, 2024	Empowered Funds, LLC	reduced	-71.65	-607,061	274,121	-%
May 06, 2024	Quantbot Technologies LP	new	-	1,096,660	1,096,660	0.06%

Are Funds Buying or Selling PFG?

Are funds buying PFG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PFG

No. of Funds

Unveiling Principal Financial Group Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	12.00%	28,605,789	SC 13G/A
Feb 09, 2024	managed account advisors llc	3.4%	8,051,105	SC 13G/A
Jan 26, 2024	blackrock inc.	7.9%	18,885,042	SC 13G/A
Feb 13, 2023	capital research global investors	3.5%	8,498,045	SC 13G/A
Feb 09, 2023	vanguard group inc	11.56%	28,280,358	SC 13G/A
Feb 07, 2023	managed account advisors llc	5.2%	12,763,055	SC 13G
Feb 06, 2023	state street corp	4.87%	11,927,414	SC 13G
Jan 24, 2023	blackrock inc.	9.6%	23,502,359	SC 13G/A
Feb 11, 2022	capital research global investors	5.7%	15,228,210	SC 13G/A
Feb 10, 2022	state street corp	5.11%	13,547,492	SC 13G

Recent SEC filings of Principal Financial Group Inc

View All Filings

Date Filed	Form Type	Document
May 01, 2024	10-Q	Quarterly Report
Apr 30, 2024	144	Notice of Insider Sale Intent
Apr 29, 2024	13F-HR	Fund Holdings Report
Apr 25, 2024	8-K	Current Report
Apr 17, 2024	8-K	Current Report
Apr 08, 2024	DEF 14A	DEF 14A
Apr 08, 2024	DEFA14A	DEFA14A
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading

Peers (Alternatives to Principal Financial Group Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BLK	116.1B	18.3B	-2.05%	21.46%	19.62	6.33	5.32%	20.80%
BX	86.8B	10.3B	-4.77%	49.67%	40.34	8.41	116.39%	249.10%
BK	42.9B	19.6B	1.16%	38.31%	12.86	2.19	78.39%	20.24%
ARES	42.2B	3.6B	2.35%	67.53%	89.04	11.63	18.87%	183.11%
BEN	12.3B	8.1B	-13.86%	-8.12%	13.64	1.51	2.98%	5.84%
MID-CAP
IVZ	6.7B	5.8B	-10.63%	-8.66%	-19.85	1.16	-1.10%	-153.42%
AMG	5.0B	2.0B	-6.16%	9.63%	7.2	2.43	-8.91%	-39.33%
AB	3.8B	-	-4.66%	-4.97%	13.72	-	-	7.16%
CNS	3.6B	486.3M	-2.34%	30.93%	28.11	7.38	-9.75%	-22.27%
APAM	3.5B	1.0B	-3.56%	33.04%	15.09	3.47	6.21%	20.27%
AMK	2.5B	722.2M	-1.77%	26.69%	17.55	3.5	12.85%	46.40%
SMALL-CAP
PX	885.9M	241.7M	-9.17%	-23.70%	-128.73	3.66	21.87%	-123.56%
BSIG	854.7M	426.6M	-2.36%	-	12.99	2	2.25%	-34.59%
AINC	16.5M	746.8M	1.68%	-56.13%	-3.57	0.02	15.88%	-226.93%
AC	692.0K	25.3M	-0.71%	-11.96%	0.02	0.03	137.10%	176.58%

Principal Financial Group Inc News

Latest updates

Principal Financial Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	50.6%	4,053	2,691	4,599	3,557	2,819	3,151	4,625	6,665	3,096	4,256	3,424	3,539	3,209	3,765	3,311	3,115	4,551	4,047	4,458	3,973	3,744
Income Taxes	135.5%	95.00	-268	355	60.00	-78.00	-11.20	329	837	35.00	62.00	64.00	61.00	98.00	100	39.00	83.00	43.00	56.00	61.00	58.00	74.00
Net Income	161.1%	533	-871	1,246	389	-140	-16.20	1,316	3,119	339	341	360	362	517	473	236	398	289	301	277	386	430
Net Income Margin	90.7%	0.09*	0.05*	0.10*	0.11*	0.25*	0.27*	0.27*	0.24*	0.10*	0.11*	0.12*	0.11*	-	-	-	-	-	-	-	-	-
Free Cashflow	-38.1%	584	944	1,051	1,103	695	1,163	1,171	807	32.00	1,147	973	993	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.2%	308,684	305,047	287,948	299,187	299,408	290,867	282,581	293,220	291,539	304,657	298,908	302,166	295,635	296,628	278,485	271,309	246,904	276,088	270,238	267,918	259,420
Cash Equivalents	-11.5%	4,168	4,708	4,564	4,074	4,641	4,848	4,240	3,173	2,741	2,332	3,145	2,417	2,004	2,850	3,557	3,150	3,483	2,516	3,198	3,316	2,260
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	993	974	968	962	960	933
Goodwill	-2.4%	1,569	1,609	1,594	1,638	1,636	1,598	1,548	1,589	1,661	1,628	1,648	1,700	1,701	1,711	1,653	1,631	1,616	1,694	1,691	1,112	1,111
Liabilities	1.1%	297,082	293,836	276,966	288,531	288,875	280,587	272,837	281,873	279,279	288,199	282,436	285,543	279,909	279,755	262,485	255,726	233,692	261,137	254,996	253,512	246,120
Short Term Borrowings	-17.0%	51.00	61.00	24.00	26.00	24.00	81.00	67.00	67.00	279	80.00	74.00	83.00	84.00	85.00	77.00	76.00	106	93.00	96.00	77.00	44.00
Long Term Debt	0.0%	3,932	3,931	3,930	3,993	4,689	3,997	3,981	4,281	4,280	4,280	4,280	4,280	4,279	4,279	4,279	4,163	3,670	3,734	3,764	3,762	3,266
Shareholder's Equity	2.9%	11,230	10,916	10,672	10,390	10,261	9,977	9,839	10,334	10,084	12,141	16,129	16,292	15,462	16,617	15,721	15,311	12,973	14,686	14,873	14,102	12,762
Retained Earnings	2.2%	17,051	16,684	17,717	16,630	16,399	16,697	17,211	15,986	13,091	12,885	12,584	12,395	12,199	14.00	11,521	11,441	11,199	11,074	10,928	10,806	10,572
Additional Paid-In Capital	0.4%	10,954	10,909	10,870	10,832	10,791	10,740	10,638	10,554	10,402	10,495	10,437	10,400	10,352	10,322	10,291	10,260	10,217	10,183	10,163	10,131	10,091
Shares Outstanding	-0.6%	235	236	240	242	243	244	245	250	252	262	266	269	-	-	-	-	-	-	-	-	-
Minority Interest	-1.8%	45.00	46.00	51.00	45.00	43.00	41.00	42.00	42.00	55.00	56.00	59.00	58.00	57.00	58.00	70.00	68.00	65.00	68.00	69.00	67.00	68.00
Float	-	-	-	-	18,700	-	-	-	16,700	-	-	-	17,000	-	-	-	11,400	-	-	-	16,100	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-38.1%	584	944	1,051	1,103	695	1,163	1,171	807	32.00	1,147	973	993	141	599	1,064	457	1,589	1,028	1,786	1,502	1,176
Share Based Compensation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16.00	21.00	21.00	25.00
Cashflow From Investing	-524.7%	-1,343	-215	-49.50	22.00	-1,104	569	588	-224	127	-2,826	-1,924	76.00	-1,019	-1,356	-1,418	-1,308	-912	-2,762	-2,582	-852	-1,491
Cashflow From Financing	137.5%	220	-585	-510	-1,691	202	-1,123	-692	-150	251	866	1,679	-655	32.00	51.00	761	519	290	1,052	678	407	-403
Dividend Payments	-100.0%	-	159	156	155	156	156	157	162	167	169	168	165	152	154	154	154	154	152	153	150	150
Buy Backs	-6.6%	234	251	201	100	189	250	459	197	754	352	204	266	116	75.00	0.00	-	232	84.00	44.00	0.00	154

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PFG Income Statement

2024-03-31

Condensed Consolidated Statements of Operations - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Revenues

Premiums and other considerations

$ 1,684.6

$ 1,448.6

Fees and other revenues

1,052.9

995.3

Net investment income (loss)

1,072.2

986.7

Net realized capital gains (losses)

^[1]

(0.9)

(66.0)

Net realized capital gains on funds withheld assets

^[1]

47.5

81.0

Change in fair value of funds withheld embedded derivative

197.0

(626.6)

Total revenues

4,053.3

2,819.0

Expenses

Benefits, claims and settlement expenses

2,069.7

1,773.9

Liability for future policy benefits remeasurement (gain) loss

(1.7)

(5.6)

Market risk benefit remeasurement (gain) loss

(14.5)

(2.9)

Dividends to policyholders

29.3

23.2

Operating expenses

1,343.4

1,242.9

Total expenses

3,426.2

3,031.5

Income (loss) before income taxes

627.1

(212.5)

Income taxes (benefits)

95.1

(78.0)

Net income (loss)

532.0

(134.5)

Net income (loss) attributable to noncontrolling interest

(0.5)

5.6

Net income (loss) attributable to Principal Financial Group, Inc.

$ 532.5

$ (140.1)

Earnings per common share

Basic earnings per common share (in dollars per share)

$ 2.26

$ (0.58)

Diluted earnings per common share (in dollars per share)

$ 2.22

$ (0.58)

[1]	Includes realized and unrealized gains (losses). See Note 3, Investments, for further details.

PFG Balance Sheet

2024-03-31

Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions

Mar. 31, 2024

Dec. 31, 2023

Assets

Fixed maturities, available-for-sale

^[1]

$ 65,691.3

$ 65,673.1

Fixed maturities, trading (2024 and 2023 include $187.8 million and $81.2 million related to consolidated variable interest entities)

877.7

836.2

Equity securities (2024 and 2023 include $369.4 million and $394.4 million related to consolidated variable interest entities)

1,488.9

1,478.1

Mortgage loans (2024 and 2023 include $856.9 million and $871.9 million related to consolidated variable interest entities)

20,294.5

20,142.8

Real estate (2024 and 2023 include $829.0 million and $779.1 million related to consolidated variable interest entities)

2,363.5

2,345.3

Policy loans

818.6

809.3

Other investments (2024 and 2023 include $734.5 million and $596.4 million related to consolidated variable interest entities and $163.9 million and $163.2 million measured at fair value under the fair value option)

7,378.2

7,035.6

Total investments

98,912.7

98,320.4

Cash and cash equivalents (2024 and 2023 include $75.6 million and $83.6 million related to consolidated variable interest entities)

4,168.4

4,707.7

Accrued investment income

838.6

786.2

Reinsurance recoverable and deposit receivable

20,098.3

20,611.7

Premiums due and other receivables

3,920.0

3,998.8

Deferred acquisition costs

3,965.5

3,950.5

Market risk benefit asset

201.9

153.4

Property and equipment

913.5

938.4

Goodwill

1,569.1

1,608.5

Other intangibles

1,435.5

1,469.8

Separate account assets (2024 and 2023 include $32,516.4 million and $34,688.3 million related to consolidated variable interest entities)

171,788.2

167,605.6

Other assets

871.8

895.7

Total assets

308,683.5

305,046.7

Liabilities

Contractholder funds

42,004.4

41,501.1

Future policy benefits and claims

46,096.3

46,826.5

Market risk benefit liability

99.6

133.2

Other policyholder funds

880.0

916.8

Short-term debt

50.7

61.1

Long-term debt

3,931.5

3,930.9

Income taxes currently payable

7.7

11.9

Deferred income taxes

1,728.7

1,613.3

Separate account liabilities (2024 and 2023 include $32,516.4 million and $34,688.3 million related to consolidated variable interest entities)

171,788.2

167,605.6

Funds withheld payable

19,060.4

19,629.5

Other liabilities (2024 and 2023 include $79.4 million and $87.7 million related to consolidated variable interest entities)

11,434.8

11,606.2

Total liabilities

297,082.3

293,836.1

Redeemable noncontrolling interest (2024 and 2023 include $343.9 million and $226.4 million related to consolidated variable interest entities)

370.8

248.9

Stockholders' equity

Common stock, par value $0.01 per share; 2,500,000,000 shares authorized; 493,795,133 and 492,279,405 shares issued as of 2024 and 2023; 235,032,781 and 236,438,294 shares outstanding as of 2024 and 2023

4.9

Additional paid-in capital

10,954.1

10,908.6

Retained earnings

17,050.6

16,683.5

Accumulated other comprehensive income (loss)

(5,256.1)

(5,345.3)

Treasury stock, at cost; 258,762,352 and 255,841,111 shares as of 2024 and 2023

(11,568.0)

(11,335.7)

Total stockholders' equity attributable to Principal Financial Group, Inc.

11,185.5

10,916.0

Noncontrolling interest

44.9

45.7

Total stockholders' equity

11,230.4

10,961.7

Total liabilities and stockholders' equity

$ 308,683.5

$ 305,046.7

[1]	See Note 3, Investments, for further details relating to the amortized cost of fixed maturities, available-for-sale.

About Principal Financial Group Inc

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 plans, nonqualified executive benefit plans, employee stock ownership plans, equity compensation, and pension risk transfer services; individual retirement accounts; investment only products; and mutual funds, individual variable annuities, and bank products, as well as trust and custody services. 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 products and services, mutual funds, asset management, income annuities, and life insurance accumulation products, as well as voluntary savings plans in Brazil, Chile, Mexico, China, Hong Kong Special Administrative Region, 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.

CEO	Mr. Daniel Joseph Houston
WEBSITE	principal.com
INDUSTRY	Asset Management
EMPLOYEES	19300

Principal Financial Group Inc Frequently Asked Questions

What is the ticker symbol for Principal Financial Group Inc? What does PFG stand for in stocks?

PFG is the stock ticker symbol of Principal Financial Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Principal Financial Group Inc (PFG)?

As of Tue May 07 2024, market cap of Principal Financial Group Inc is 19.32 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PFG stock?

You can check PFG's fair value in chart for subscribers.

What is the fair value of PFG stock?

You can check PFG's fair value in chart for subscribers. The fair value of Principal Financial Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Principal Financial Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PFG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Principal Financial Group Inc a good stock to buy?

The fair value guage provides a quick view whether PFG is over valued or under valued. Whether Principal Financial Group Inc is cheap or expensive depends on the assumptions which impact Principal Financial Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PFG.

What is Principal Financial Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, PFG's PE ratio (Price to Earnings) is 14.91 and Price to Sales (PS) ratio is 1.3. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PFG PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Principal Financial Group Inc's stock?

In the past 10 years, Principal Financial Group Inc has provided 0.091 (multiply by 100 for percentage) rate of return.