Market Summary
USD71.88-0.49
Market Closed-0.68%
PFG Stock Price
PFG RSI Chart
PFG Valuation
PFG Price/Sales (Trailing)
PFG Profitability
PFG Fundamentals
PFG Revenue
PFG Earnings
Price Action
52 Week Range
61.0596.17
(Low)(High)
Last 7 days
-0.9%
Last 30 days
-18.1%
Last 90 days
-16.0%
Trailing 12 Months
2.4%
PFG Financial Health
PFG Investor Care
Peers (Alternatives to Principal Financial Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PGR | 80.0B | 49.6B | -4.01% | 20.05% | 110.87 | 1.61 | 4.00% | -78.47% |
MET | 42.5B | 69.9B | -23.15% | -19.59% | 16.75 | 0.61 | -1.66% | -61.26% |
AFL | 39.5B | 19.5B | -7.88% | 0.39% | 9.4 | 2.03 | -11.78% | -2.87% |
TRV | 38.2B | 36.9B | -11.15% | -7.91% | 13.44 | 1.04 | 5.94% | -22.39% |
PFG | 17.5B | 17.5B | -18.11% | 2.44% | 3.64 | 1 | 22.64% | 181.28% |
| MID-CAP | ||||||||
RGA | 10.0B | 16.3B | -13.65% | 21.37% | 37 | 0.61 | -2.40% | 0.97% |
UNM | 7.5B | 12.0B | -10.63% | 28.02% | 5.7 | 0.63 | -0.19% | 59.45% |
AIZ | 6.0B | 10.2B | -14.37% | -36.21% | 21.51 | 0.58 | 0.05% | -79.62% |
CNO | 2.4B | 3.6B | -13.48% | -13.02% | 6.14 | 0.68 | -13.23% | -10.02% |
GNW | 2.4B | 7.5B | -20.85% | 29.22% | 3.92 | 0.32 | -4.15% | -32.63% |
TRUP | 1.8B | 905.2M | -18.64% | -52.17% | -39.63 | 1.96 | 29.50% | -25.73% |
| SMALL-CAP | ||||||||
HMN | 1.3B | 1.4B | -11.48% | -19.13% | -518.3 | 0.97 | 3.97% | -101.82% |
PLMR | 1.3B | 327.1M | -8.64% | -12.50% | 25.56 | 4.08 | 39.88% | 13.79% |
JRVR | 773.0M | 813.7M | -6.65% | -1.39% | 24.96 | 0.95 | 5.28% | 117.92% |
Financials for Principal Financial Group
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -5.2% | 17,492 | 18,461 | 17,284 | 14,164 | 14,263 |
| Interest Expenses | 5.8% | 176 | 166 | - | - | - |
| Net Income | -9.1% | 4,812 | 5,293 | 4,267 | 1,570 | 1,711 |
| Net Income Margin | -4.1% | 0.28* | 0.29* | 0.54* | 0.11* | - |
| Free Cahsflow | 0.5% | 3,173 | 3,157 | 2,924 | 3,110 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 3.4% | 292,240 | 282,581 | 293,220 | 291,539 | 304,657 |
| Cash Equivalents | 14.4% | 4,848 | 4,240 | 3,173 | 2,741 | 2,332 |
| Goodwill | 3.2% | 1,598 | 1,548 | 1,589 | 1,661 | 1,628 |
| Liabilities | 3.3% | 281,935 | 272,837 | 281,873 | 279,279 | 288,199 |
| . Short Term Borrowings | 21.4% | 81.00 | 67.00 | 67.00 | 279 | 80.00 |
| Long Term Debt | 0.4% | 3,997 | 3,981 | 4,281 | 4,280 | 4,280 |
| Shareholder's Equity | 5.9% | 10,002 | 9,446 | 11,079 | 11,953 | 16,069 |
| Retained Earnings | -1.0% | 17,042 | 17,211 | 15,986 | 13,091 | 12,885 |
| Additional Paid-In Capital | 1.0% | 10,740 | 10,638 | 10,554 | 10,402 | 10,495 |
| Shares Outstanding | -0.6% | 244 | 245 | 250 | 252 | 262 |
| Minority Interest | -2.4% | 41.00 | 42.00 | 42.00 | 55.00 | 56.00 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 0.5% | 3,173 | 3,157 | 2,960 | 3,145 | 3,254 |
| Share Based Compensation | -5.0% | 91.00 | 96.00 | - | - | - |
| Cashflow From Investing | 145.3% | 1,059 | -2,336 | -4,848 | -4,547 | -5,693 |
| Cashflow From Financing | -727.2% | -1,715 | 274 | 2,645 | 2,140 | 1,922 |
| Dividend Payments | -1.9% | 642 | 655 | 665 | 669 | 654 |
| Buy Backs | -5.8% | 1,661 | 1,763 | 1,507 | 1,576 | 937 |
Risks for PFG
What is the probability of a big loss on PFG?
51.5%
Probability that Principal Financial Group stock will be more than 20% underwater in next one year
27.3%
Probability that Principal Financial Group stock will be more than 30% underwater in next one year.
20.8%
Probability that Principal Financial Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does PFG drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Principal Financial Group was unfortunately bought at previous high price.
Drawdowns
Returns for PFG
Cumulative Returns on PFG
11.5%
10-Year Cumulative Returns
13.0%
7-Year Cumulative Returns
8.2%
5-Year Cumulative Returns
48.4%
3-Year Cumulative Returns
What are the long-term rolling returns for PFG?
FIve years rolling returns for Principal Financial Group.
Annualized Returns
Which funds bought or sold PFG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -1.92 | 9,131,820 | 73,975,800 | 0.08% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -16.67 | -14,000 | 436,000 | -% |
2023-03-06 | NORTH STAR ASSET MANAGEMENT INC | reduced | -9.76 | 1,592,880 | 33,715,900 | 2.10% |
2023-03-02 | OLIVER LAGORE VANVALIN INVESTMENT GROUP | unchanged | - | 7,730 | 56,730 | 0.03% |
2023-03-02 | LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA | new | - | 96,676 | 96,676 | -% |
2023-02-28 | Voya Investment Management LLC | added | 0.33 | 1,009,120 | 7,050,120 | 0.01% |
2023-02-27 | Benin Management CORP | unchanged | - | 61,384 | 436,384 | 0.18% |
2023-02-24 | SRS Capital Advisors, Inc. | added | 1.64 | 6,648 | 41,648 | 0.01% |
2023-02-24 | National Pension Service | reduced | -8.07 | 2,441,220 | 32,899,500 | 0.06% |
2023-02-24 | NATIXIS | added | 34.86 | 625,591 | 1,729,590 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Principal Financial Group News
Schedule 13G FIlings of Principal Financial Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Feb 03, 2022 | blackrock inc. | 8.5% | 22,496,639 | SC 13G/A | |
| Feb 16, 2021 | capital research global investors | 5.8% | 15,934,119 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 10.61% | 29,143,233 | SC 13G/A |
PFG Fair Value
Principal Financial Group fair value in different scenarios
The table shows the Fair Value estimates for Principal Financial Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 35.90 -50.06% | 98.74 37.37% | 151.33 110.53% | 217.34 202.37% | 279.99 289.52% |
| Current Inflation | 27.93 -61.14% | 82.21 14.37% | 126.16 75.51% | 181.52 152.53% | 233.96 225.49% |
| Very High Inflation | 17.92 -75.07% | 62.19 -13.48% | 96.40 34.11% | 139.82 94.52% | 180.86 151.61% |
Historical Principal Financial Group Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Principal Financial Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 21, 2023 | 144 | Notice of Insider Sale Intent | |
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 14, 2023 | 144 | Notice of Insider Sale Intent | |
| Mar 08, 2023 | 424B5 | Prospectus Filed | |
| Mar 08, 2023 | 8-K | Current Report | |
| Mar 06, 2023 | 424B5 | Prospectus Filed | |
| Mar 06, 2023 | FWP | Prospectus Filed | |
| Mar 02, 2023 | 8-K | Current Report | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for PFG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-14 | Halter Patrick Gregory | back to issuer | -86,983 | 75.05 | -1,159 | president and ceo - pam |
2023-03-14 | Halter Patrick Gregory | acquired | 59,955 | 51.73 | 1,159 | president and ceo - pam |
2023-02-27 | Walker Roberto | acquired | - | - | 5,018 | evp, principal latin american |
2023-02-27 | STRABLE-SOETHOUT DEANNA D | acquired | - | - | 2,723 | evp & chief financial officer |
2023-02-27 | Friedrich Amy Christine | acquired | - | - | 15,306 | president - usis |
2023-02-27 | Halter Patrick Gregory | acquired | - | - | 18,034 | president and ceo - pam |
2023-02-27 | Lamarque Natalie | acquired | - | - | 4,855 | evp, general counsel, and secr |
2023-02-27 | Houston Daniel Joseph | acquired | - | - | 74,187 | chairman, president & ceo |
2023-02-27 | McCullum Kenneth A. | acquired | - | - | 2,558 | svp & chief risk officer |
2023-02-27 | Kay Kathleen B | acquired | - | - | 3,897 | chief information officer |
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 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, equity compensation, and pension risk transfer services; individual retirement accounts; investment only products; and mutual funds, individual variable 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 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, 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.
PFG Income Statement
2022-12-31Consolidated Statements of Operations - USD ($) $ in Millions | 12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |||
| Revenues | |||||
| Premiums and other considerations | $ 5,339.7 | $ 4,841.5 | $ 6,037.4 | ||
| Fees and other revenues | 4,177.7 | 5,012.6 | 4,511.1 | ||
| Net investment income (loss) | 3,830.4 | 4,406.1 | 3,890.6 | ||
| Net realized capital gains (losses) | [1] | (258.4) | 2.5 | 302.6 | |
| Net realized capital gains (losses) on funds withheld assets | [1] | 749.4 | |||
| Change in fair value of funds withheld embedded derivative | 3,652.8 | 0.0 | 0.0 | ||
| Total revenues | 17,491.6 | 14,262.7 | 14,741.7 | ||
| Expenses | |||||
| Benefits, claims and settlement expenses | 6,370.8 | 7,097.0 | 8,281.5 | ||
| Dividends to policyholders | 94.8 | 94.8 | 120.2 | ||
| Operating expenses | 4,965.9 | 4,987.3 | 4,646.5 | ||
| Total expenses | 11,431.5 | 12,179.1 | 13,048.2 | ||
| Income (loss) before income taxes | 6,060.1 | 2,083.6 | 1,693.5 | ||
| Income taxes (benefits) | 1,207.9 | 326.2 | 265.0 | ||
| Net income (loss) | 4,852.2 | 1,757.4 | 1,428.5 | ||
| Net income (loss) attributable to noncontrolling interest | 40.6 | 46.8 | 32.7 | ||
| Net income (loss) attributable to Principal Financial Group, Inc. | $ 4,811.6 | $ 1,710.6 | $ 1,395.8 | ||
| Earnings per common share | |||||
| Basic earnings per common share (in dollars per share) | $ 19.16 | $ 6.36 | $ 5.08 | ||
| Diluted earnings per common share (in dollars per share) | $ 18.85 | $ 6.27 | $ 5.05 | ||
| |||||
PFG Balance Sheet
2022-12-31Consolidated Statements of Financial Position - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Assets | ||
| Fixed maturities, available-for-sale | $ 62,889.9 | $ 78,154.5 |
| Fixed maturities, trading | 760.7 | 422.2 |
| Equity securities (2022 and 2021 include $740.0 million and $783.7 million related to consolidated variable interest entities) | 1,708.6 | 2,347.2 |
| Mortgage loans (2022 and 2021 include $1,179.7 million and $1,260.1 million related to consolidated variable interest entities) | 20,629.8 | 19,668.7 |
| Real estate (2022 and 2021 include $649.0 million and $672.0 million related to consolidated variable interest entities) | 2,239.7 | 2,075.4 |
| Policy loans | 784.7 | 759.6 |
| Other investments (2022 and 2021 include $375.9 million and $522.8 million related to consolidated variable interest entities) | 6,075.9 | 5,478.3 |
| Total investments | 95,089.3 | 108,905.9 |
| Cash and cash equivalents (2022 and 2021 include $32.4 million and $49.6 million related to consolidated variable interest entities) | 4,848.0 | 2,332.0 |
| Accrued investment income | 742.1 | 695.8 |
| Reinsurance recoverable and deposit receivable | 22,029.6 | 1,186.5 |
| Premiums due and other receivables | 4,283.3 | 655.9 |
| Deferred acquisition costs | 4,686.9 | 3,757.5 |
| Property and equipment | 996.1 | 1,038.0 |
| Goodwill | 1,598.2 | 1,627.6 |
| Other intangibles | 1,533.3 | 1,600.6 |
| Separate account assets (2022 and 2021 include $34,193.8 million and $33,957.7 million related to consolidated variable interest entities) | 155,375.1 | 182,345.4 |
| Other assets | 1,057.7 | 512.0 |
| Total assets | 292,239.6 | 304,657.2 |
| Liabilities | ||
| Contractholder funds (2022 and 2021 include $334.0 million and $344.0 million related to consolidated variable interest entities) | 42,777.3 | 43,598.0 |
| Future policy benefits and claims | 44,874.9 | 43,948.1 |
| Other policyholder funds | 1,010.5 | 1,071.0 |
| Short-term debt | 80.7 | 79.8 |
| Long-term debt | 3,997.0 | 4,280.2 |
| Income taxes currently payable | 19.2 | 15.5 |
| Deferred income taxes | 1,206.8 | 2,320.2 |
| Separate account liabilities (2022 and 2021 include $34,193.8 million and $33,957.7 million related to consolidated variable interest entities) | 155,375.1 | 182,345.4 |
| Funds withheld payable | 20,436.1 | |
| Other liabilities (2022 and 2021 include $86.8 million and $58.7 million related to consolidated variable interest entities) | 12,157.2 | 10,540.7 |
| Total liabilities | 281,934.8 | 288,198.9 |
| Redeemable noncontrolling interest (2022 and 2021 include $235.3 million and $304.0 million related to consolidated variable interest entities) | 262.0 | 332.5 |
| Stockholders' equity | ||
| Common stock, par value $0.01 per share; 2,500.0 million shares authorized; 489.8 million and 484.9 million shares issued as of 2022 and 2021; 243.5 million and 261.7 million shares outstanding as of 2022 and 2021 | 4.9 | 4.8 |
| Additional paid-in capital | 10,740.4 | 10,495.0 |
| Retained earnings | 17,042.3 | 12,884.5 |
| Accumulated other comprehensive income (loss) | (7,199.0) | 1,610.9 |
| Treasury stock, at cost (246.3 million and 223.2 million shares as of 2022 and 2021) | (10,586.9) | (8,925.8) |
| Total stockholders' equity attributable to Principal Financial Group, Inc. | 10,001.7 | 16,069.4 |
| Noncontrolling interest | 41.1 | 56.4 |
| Total stockholders' equity | 10,042.8 | 16,125.8 |
| Total liabilities and stockholders' equity | $ 292,239.6 | $ 304,657.2 |