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Principal Financial Group Inc Stock Research

PFG

71.88USD-0.49(-0.68%)Market Closed

Market Summary

USD71.88-0.49
Market Closed
-0.68%

PFG Alerts

PFG Stock Price

PFG RSI Chart

PFG Valuation

Market Cap

17.5B

Price/Earnings (Trailing)

3.64

Price/Sales (Trailing)

1

Price/Free Cashflow

5.52

PFG Price/Sales (Trailing)

PFG Profitability

Return on Equity

48.11%

Return on Assets

1.65%

Free Cashflow Yield

18.13%

PFG Fundamentals

PFG Revenue

Revenue (TTM)

17.5B

Revenue Y/Y

-23.69%

Revenue Q/Q

-32.14%

PFG Earnings

Earnings (TTM)

4.8B

Earnings Y/Y

-102.01%

Earnings Q/Q

-100.69%

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

Debt/Equity

0.4

Debt/Cashflow

0.79

PFG Investor Care

Buy Backs (1Y)

6.95%

Diluted EPS (TTM)

18.85

Peers (Alternatives to Principal Financial Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
80.0B
49.6B
-4.01% 20.05%
110.87
1.61
4.00% -78.47%
42.5B
69.9B
-23.15% -19.59%
16.75
0.61
-1.66% -61.26%
39.5B
19.5B
-7.88% 0.39%
9.4
2.03
-11.78% -2.87%
38.2B
36.9B
-11.15% -7.91%
13.44
1.04
5.94% -22.39%
17.5B
17.5B
-18.11% 2.44%
3.64
1
22.64% 181.28%
MID-CAP
10.0B
16.3B
-13.65% 21.37%
37
0.61
-2.40% 0.97%
7.5B
12.0B
-10.63% 28.02%
5.7
0.63
-0.19% 59.45%
6.0B
10.2B
-14.37% -36.21%
21.51
0.58
0.05% -79.62%
2.4B
3.6B
-13.48% -13.02%
6.14
0.68
-13.23% -10.02%
2.4B
7.5B
-20.85% 29.22%
3.92
0.32
-4.15% -32.63%
1.8B
905.2M
-18.64% -52.17%
-39.63
1.96
29.50% -25.73%
SMALL-CAP
1.3B
1.4B
-11.48% -19.13%
-518.3
0.97
3.97% -101.82%
1.3B
327.1M
-8.64% -12.50%
25.56
4.08
39.88% 13.79%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-5.2%17,49218,46117,28414,16414,263
Interest Expenses5.8%176166---
Net Income-9.1%4,8125,2934,2671,5701,711
Net Income Margin-4.1%0.28*0.29*0.54*0.11*-
Free Cahsflow0.5%3,1733,1572,9243,110-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.4%292,240282,581293,220291,539304,657
    Cash Equivalents14.4%4,8484,2403,1732,7412,332
  Goodwill3.2%1,5981,5481,5891,6611,628
Liabilities3.3%281,935272,837281,873279,279288,199
.    Short Term Borrowings21.4%81.0067.0067.0027980.00
  Long Term Debt0.4%3,9973,9814,2814,2804,280
Shareholder's Equity5.9%10,0029,44611,07911,95316,069
  Retained Earnings-1.0%17,04217,21115,98613,09112,885
  Additional Paid-In Capital1.0%10,74010,63810,55410,40210,495
Shares Outstanding-0.6%244245250252262
Minority Interest-2.4%41.0042.0042.0055.0056.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations0.5%3,1733,1572,9603,1453,254
  Share Based Compensation-5.0%91.0096.00---
Cashflow From Investing145.3%1,059-2,336-4,848-4,547-5,693
Cashflow From Financing-727.2%-1,7152742,6452,1401,922
  Dividend Payments-1.9%642655665669654
  Buy Backs-5.8%1,6611,7631,5071,576937

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 ascendingFund NameType% 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%

1–10 of 48

Latest Funds Activity

Are funds buying PFG calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own PFG
No. of Funds

Principal Financial Group News

MarketWatch

Principal Financial Group Inc. stock falls Thursday, underperforms market.

MarketWatch,
4 hours ago

Marketscreener.com

Schedule 13G FIlings of Principal Financial Group

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Daniel J. Houston
18600
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

2022-12-31
Consolidated 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 revenues4,177.75,012.64,511.1
Net investment income (loss)3,830.44,406.13,890.6
Net realized capital gains (losses)[1](258.4)2.5302.6
Net realized capital gains (losses) on funds withheld assets[1]749.4  
Change in fair value of funds withheld embedded derivative3,652.80.00.0
Total revenues17,491.614,262.714,741.7
Expenses   
Benefits, claims and settlement expenses6,370.87,097.08,281.5
Dividends to policyholders94.894.8120.2
Operating expenses4,965.94,987.34,646.5
Total expenses11,431.512,179.113,048.2
Income (loss) before income taxes6,060.12,083.61,693.5
Income taxes (benefits)1,207.9326.2265.0
Net income (loss)4,852.21,757.41,428.5
Net income (loss) attributable to noncontrolling interest40.646.832.7
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
[1]Includes realized and unrealized gains (losses). See Note 4, Investments, for further details.

PFG Balance Sheet

2022-12-31
Consolidated 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, trading760.7422.2
Equity securities (2022 and 2021 include $740.0 million and $783.7 million related to consolidated variable interest entities)1,708.62,347.2
Mortgage loans (2022 and 2021 include $1,179.7 million and $1,260.1 million related to consolidated variable interest entities)20,629.819,668.7
Real estate (2022 and 2021 include $649.0 million and $672.0 million related to consolidated variable interest entities)2,239.72,075.4
Policy loans784.7759.6
Other investments (2022 and 2021 include $375.9 million and $522.8 million related to consolidated variable interest entities)6,075.95,478.3
Total investments95,089.3108,905.9
Cash and cash equivalents (2022 and 2021 include $32.4 million and $49.6 million related to consolidated variable interest entities)4,848.02,332.0
Accrued investment income742.1695.8
Reinsurance recoverable and deposit receivable22,029.61,186.5
Premiums due and other receivables4,283.3655.9
Deferred acquisition costs4,686.93,757.5
Property and equipment996.11,038.0
Goodwill1,598.21,627.6
Other intangibles1,533.31,600.6
Separate account assets (2022 and 2021 include $34,193.8 million and $33,957.7 million related to consolidated variable interest entities)155,375.1182,345.4
Other assets1,057.7512.0
Total assets292,239.6304,657.2
Liabilities  
Contractholder funds (2022 and 2021 include $334.0 million and $344.0 million related to consolidated variable interest entities)42,777.343,598.0
Future policy benefits and claims44,874.943,948.1
Other policyholder funds1,010.51,071.0
Short-term debt80.779.8
Long-term debt3,997.04,280.2
Income taxes currently payable19.215.5
Deferred income taxes1,206.82,320.2
Separate account liabilities (2022 and 2021 include $34,193.8 million and $33,957.7 million related to consolidated variable interest entities)155,375.1182,345.4
Funds withheld payable20,436.1 
Other liabilities (2022 and 2021 include $86.8 million and $58.7 million related to consolidated variable interest entities)12,157.210,540.7
Total liabilities281,934.8288,198.9
Redeemable noncontrolling interest (2022 and 2021 include $235.3 million and $304.0 million related to consolidated variable interest entities)262.0332.5
Stockholders' equity  
Common stock, par value $0.01 per share; 2,500.0 million shares authorized; 489.8 million and 484.9 million shares issued as of 2022 and 2021; 243.5 million and 261.7 million shares outstanding as of 2022 and 20214.94.8
Additional paid-in capital10,740.410,495.0
Retained earnings17,042.312,884.5
Accumulated other comprehensive income (loss)(7,199.0)1,610.9
Treasury stock, at cost (246.3 million and 223.2 million shares as of 2022 and 2021)(10,586.9)(8,925.8)
Total stockholders' equity attributable to Principal Financial Group, Inc.10,001.716,069.4
Noncontrolling interest41.156.4
Total stockholders' equity10,042.816,125.8
Total liabilities and stockholders' equity$ 292,239.6$ 304,657.2