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

81.22USD+0.78 (+0.97%)Delayed as of 22 Apr 2024, 10:48 am ET

Market Summary

USD81.22+0.78

Delayedas of 22 Apr 2024, 10:48 am

0.97%

PFG Stock Price

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PFG RSI Chart

PFG Valuation

Market Cap

19.0B

Price/Earnings (Trailing)

30.43

Price/Sales (Trailing)

1.39

Price/Free Cashflow

PFG Price/Sales (Trailing)

PFG Profitability

Return on Equity

5.71%

Return on Assets

0.2%

Free Cashflow Yield

20%

PFG Fundamentals

PFG Revenue

Revenue (TTM)

13.7B

Rev. Growth (Yr)

-14.6%

Rev. Growth (Qtr)

-41.49%

PFG Earnings

Earnings (TTM)

623.2M

Earnings Growth (Yr)

-5.3K%

Earnings Growth (Qtr)

-169.95%

Breaking Down PFG Revenue

52 Week Range

65.1784.65

(Low)(High)

Last 7 days

0.7%

Last 30 days

-4.3%

Last 90 days

2.7%

Trailing 12 Months

5.8%

How does PFG drawdown profile look like?

PFG Financial Health

Debt/Equity

0.36

Debt/Cashflow

0.96

PFG Investor Care

Dividend Yield

2.57%

Dividend/Share (TTM)

2.05

Buy Backs (1Y)

2.98%

Diluted EPS (TTM)

2.56

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
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?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 18, 2024	Park Place Capital Corp	sold off	-100	-8,496	-	-%
Apr 18, 2024	MV CAPITAL MANAGEMENT, INC.	added	0.1	7,520	84,066	0.01%
Apr 18, 2024	FARMERS & MERCHANTS INVESTMENTS INC	unchanged	-	28,238	319,002	0.01%
Apr 18, 2024	Diversified Trust Co	added	51.25	771,876	1,942,410	0.06%
Apr 18, 2024	FOSTER & MOTLEY INC	reduced	-4.67	130,000	2,978,000	0.20%
Apr 18, 2024	PLIMOTH TRUST CO LLC	reduced	-4.51	33,304	731,736	0.20%
Apr 18, 2024	STATE OF MICHIGAN RETIREMENT SYSTEM	unchanged	-	459,011	5,185,500	0.03%
Apr 18, 2024	SJS Investment Consulting Inc.	added	17.24	653	2,935	-%
Apr 18, 2024	BKM Wealth Management, LLC	sold off	-100	-15,734	-	-%
Apr 18, 2024	Hexagon Capital Partners LLC	reduced	-7.5	640	43,673	0.01%

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
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
Apr 01, 2024	4	Insider Trading
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	111.7B	17.9B	-8.34%	7.65%	20.29	6.25	-0.08%	6.26%
BX	84.6B	8.0B	-7.32%	28.79%	60.84	10.55	-5.81%	-20.41%
BK	42.5B	20.6B	0.28%	25.58%	12.93	2.06	87.93%	27.71%
ARES	39.8B	3.6B	-2.97%	50.16%	84	10.97	18.87%	183.11%
BEN	13.2B	7.9B	-8.01%	-6.43%	13.68	1.68	-1.81%	-3.56%
MID-CAP
IVZ	6.9B	5.7B	-2.84%	-10.58%	-20.7	1.21	-5.50%	-148.79%
AMG	5.2B	2.1B	-2.22%	10.80%	7.72	2.53	-11.67%	-41.28%
AB	3.8B	-	-4.12%	-9.05%	14.31	-	-	-3.64%
CNS	3.6B	489.6M	-1.15%	18.64%	27.78	7.32	-13.63%	-24.55%
APAM	3.4B	975.1M	-2.72%	20.25%	15.34	3.5	-1.83%	7.51%
AMK	2.6B	708.5M	-3.50%	6.50%	20.98	3.65	15.83%	19.23%
SMALL-CAP
BSIG	878.8M	426.6M	1.77%	-	13.36	2.06	2.25%	-34.59%
PX	869.6M	241.7M	-9.21%	-28.53%	-126.37	3.6	21.87%	-123.56%
AINC	16.5M	746.8M	136.45%	-54.59%	-3.56	0.02	15.88%	-226.93%
AC	695.2K	25.3M	-3.70%	-12.63%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-41.5%	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	3,771
Income Taxes	-175.5%	-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	11.00
Net Income	-169.9%	-871	1,246	389	-140	-16.20	1,316	3,119	339	341	360	362	517	473	236	398	289	301	277	386	430	237
Net Income Margin	-56.4%	0.05*	0.10*	0.11*	0.25*	0.28*	0.28*	0.25*	0.11*	0.12*	0.12*	0.11*	0.12*	-	-	-	-	-	-	-	-	-
Free Cashflow	-10.1%	944	1,051	1,103	695	1,163	1,171	807	32.00	1,147	973	993	141	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	5.9%	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	243,036
Cash Equivalents	3.1%	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	2,978
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	993	974	968	962	960	933	767
Goodwill	0.9%	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	1,100
Liabilities	6.1%	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	231,189
Short Term Borrowings	156.7%	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	43.00
Long Term Debt	0.0%	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	3,260
Shareholder's Equity	2.3%	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	11,456
Retained Earnings	-5.8%	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	10,290
Additional Paid-In Capital	0.4%	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	10,061
Shares Outstanding	-100.0%	-	240	242	243	244	245	250	252	262	266	269	273	-	-	-	-	-	-	-	-	-
Minority Interest	-10.9%	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	66.00
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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-10.1%	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	1,443
Share Based Compensation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16.00	21.00	21.00	25.00	17.00
Cashflow From Investing	-334.3%	-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	-1,293
Cashflow From Financing	-14.7%	-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	-98.00
Dividend Payments	1.9%	159	156	155	156	156	157	162	167	169	168	165	152	154	154	154	154	152	153	150	150	152
Buy Backs	24.9%	251	201	100	189	250	459	197	754	352	204	266	116	75.00	0.00	-	232	84.00	44.00	0.00	154	210

PFG Income Statement

2023-12-31

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

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Revenues

Premiums and other considerations

$ 6,470.9

$ 5,339.7

$ 4,841.5

Fees and other revenues

4,095.9

4,137.8

5,041.3

Net investment income (loss)

4,091.9

3,838.5

4,429.6

Net realized capital gains (losses)

^[1]

(72.2)

(182.1)

115.4

Net realized capital gains on funds withheld assets

165.0

749.4

Change in fair value of funds withheld embedded derivative

(1,085.7)

3,652.8

0.0

Total revenues

13,665.8

17,536.1

14,427.8

Expenses

Benefits, claims and settlement expenses

7,788.2

6,631.3

7,258.2

Liability for future policy benefits remeasurement (gain) loss

(51.6)

(264.5)

(4.4)

Market risk benefit remeasurement (gain) loss

29.1

125.3

98.3

Dividends to policyholders

89.2

94.8

Operating expenses

5,072.1

4,962.2

5,070.0

Total expenses

12,927.0

11,549.1

12,516.9

Income (loss) before income taxes

738.8

5,987.0

1,910.9

Income taxes (benefits)

68.7

1,189.5

283.9

Net income (loss)

670.1

4,797.5

1,627.0

Net income (loss) attributable to noncontrolling interest

46.9

40.6

46.8

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

$ 623.2

$ 4,756.9

$ 1,580.2

Earnings per common share

Basic earnings per common share (in dollars per share)

$ 2.58

$ 18.94

$ 5.87

Diluted earnings per common share (in dollars per share)

$ 2.55

$ 18.63

$ 5.79

[1]	Includes realized and unrealized gains (losses). See Note 4, Investments, for further details.

PFG Balance Sheet

2023-12-31

Consolidated Statements of Financial Position - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Assets
Fixed maturities, available-for-sale	$ 65,673.1	$ 62,889.9
Fixed maturities, trading (2023 and 2022 include $81.2 million and $27.8 million related to consolidated variable interest entities)	836.2	760.7
Equity securities (2023 and 2022 include $394.4 million and $740.0 million related to consolidated variable interest entities)	1,478.1	1,708.6
Mortgage loans (2023 and 2022 include $871.9 million and $1,179.7 million related to consolidated variable interest entities)	20,142.8	20,629.8
Real estate (2023 and 2022 include $779.1 million and $649.0 million related to consolidated variable interest entities)	2,345.3	2,239.7
Policy loans	809.3	784.7
Other investments (2023 and 2022 include $596.4 million and $375.9 million related to consolidated variable interest entities and $163.2 million and $0.0 million measured at fair value under the fair value option)	7,035.6	6,122.0
Total investments	98,320.4	95,135.4
Cash and cash equivalents (2023 and 2022 include $83.6 million and $32.4 million related to consolidated variable interest entities)	4,707.7	4,848.0
Accrued investment income	786.2	742.1
Reinsurance recoverable and deposit receivable	20,611.7	21,442.7
Premiums due and other receivables	3,998.8	3,933.3
Deferred acquisition costs	3,950.5	3,948.0
Market risk benefit asset	153.4	109.2
Property and equipment	938.4	996.1
Goodwill	1,608.5	1,598.2
Other intangibles	1,469.8	1,533.3
Separate account assets (2023 and 2022 include $34,688.3 million and $34,193.8 million related to consolidated variable interest entities)	167,605.6	155,375.1
Other assets	895.7	1,205.6
Total assets	305,046.7	290,867.0
Liabilities
Contractholder funds (2023 and 2022 include $0.0 million and $334.0 million related to consolidated variable interest entities)	41,501.1	42,825.3
Future policy benefits and claims	46,826.5	43,314.0
Market risk benefit liability	133.2	207.4
Other policyholder funds	916.8	911.5
Short-term debt	61.1	80.7
Long-term debt	3,930.9	3,997.0
Income taxes currently payable	11.9	19.2
Deferred income taxes	1,613.3	1,324.2
Separate account liabilities (2023 and 2022 include $34,688.3 million and $34,193.8 million related to consolidated variable interest entities)	167,605.6	155,375.1
Funds withheld payable	19,629.5	20,436.1
Other liabilities (2023 and 2022 include $87.7 million and $86.8 million related to consolidated variable interest entities)	11,606.2	12,096.7
Total liabilities	293,836.1	280,587.2
Redeemable noncontrolling interest (2023 and 2022 include $226.4 million and $235.3 million related to consolidated variable interest entities)	248.9	262.0
Stockholders' equity
Common stock, par value $0.01 per share; 2,500,000,000 shares authorized; 492,279,405 and 489,809,564 shares issued as of 2023 and 2022; 236,438,294 and 243,549,782 shares outstanding as of 2023 and 2022	4.9	4.9
Additional paid-in capital	10,908.6	10,740.4
Retained earnings	16,683.5	16,697.3
Accumulated other comprehensive income (loss)	(5,345.3)	(6,879.0)
Treasury stock, at cost; 255,841,111 and 246,259,782 shares as of 2023 and 2022	(11,335.7)	(10,586.9)
Total stockholders' equity attributable to Principal Financial Group, Inc.	10,916.0	9,976.7
Noncontrolling interest	45.7	41.1
Total stockholders' equity	10,961.7	10,017.8
Total liabilities and stockholders' equity	$ 305,046.7	$ 290,867.0

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 Fri Apr 19 2024, market cap of Principal Financial Group Inc is 18.96 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 Fri Apr 19 2024, PFG's PE ratio (Price to Earnings) is 30.43 and Price to Sales (PS) ratio is 1.39. 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.