About Principal Financial Group (NYSE:PFG)
Principal Financial Group, Inc. is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. Its segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate. The Company offers a portfolio of products and services for retirement savings and retirement income. The Company's Principal Global Investors segment manages assets for investors around the world. The Company offers pension accumulation products and services, mutual funds, asset management, income annuities and life insurance accumulation products. The Company's U.S. Insurance Solutions segment provides group and individual insurance solutions. It focuses on small and medium-sized businesses, providing a range of retirement and employee benefit solutions, and individual insurance solutions to meet the needs of the business owners and their employees.
Industry, Sector and Symbol
Sub-IndustryLife & Health Insurance
Trailing P/E RatioN/A
Forward P/E Ratio11.74
Sales & Book Value
Annual Sales$12.38 billion
Price / Sales1.42
Cash Flow$5.4559 per share
Price / Cash11.23
Book Value$35.78 per share
Price / Book1.71
EPS (Most Recent Fiscal Year)N/A
Net Income$1.32 billion
Return on Equity13.55%
Return on Assets0.63%
Principal Financial Group (NYSE:PFG) Frequently Asked Questions
What is Principal Financial Group's stock symbol?
Principal Financial Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PFG."
How often does Principal Financial Group pay dividends? What is the dividend yield for Principal Financial Group?
Principal Financial Group announced a quarterly dividend on Thursday, April 26th. Investors of record on Monday, June 4th will be paid a dividend of $0.52 per share on Friday, June 29th. This represents a $2.08 annualized dividend and a dividend yield of 3.39%. This is an increase from Principal Financial Group's previous quarterly dividend of $0.51. View Principal Financial Group's Dividend History.
How will Principal Financial Group's stock buyback program work?
Principal Financial Group announced that its board has approved a share repurchase program on Sunday, June 4th 2017, which allows the company to repurchase $250,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board believes its shares are undervalued.
How were Principal Financial Group's earnings last quarter?
Principal Financial Group Inc (NYSE:PFG) issued its quarterly earnings results on Thursday, April, 26th. The financial services provider reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.05. Principal Financial Group had a net margin of 12.35% and a return on equity of 13.55%. During the same period in the previous year, the business posted $1.27 earnings per share. View Principal Financial Group's Earnings History.
What price target have analysts set for PFG?
10 analysts have issued twelve-month price targets for Principal Financial Group's stock. Their predictions range from $62.00 to $77.00. On average, they anticipate Principal Financial Group's share price to reach $70.30 in the next twelve months. View Analyst Ratings for Principal Financial Group.
What are Wall Street analysts saying about Principal Financial Group stock?
Here are some recent quotes from research analysts about Principal Financial Group stock:
- 1. Wells Fargo analysts commented, "We would normalize to $1.36 after accounting for mortality gains in Retirement and Income Solutions (RIS)-Spread, negative encaje returns in Principal International and favorable claims experience in Specialty Benefit. Principal walked through unusual items in a segment in a slide presentation (see Figure 1 for a detailed view of actual results versus our expectations). Given traditional Q1 unfavorable seasonality, we don’t view the $1.36 as a “run-rate” off which to use as a starting point for Q2 estimates. The normalized beat in Q1 was driven by lower multiple segments (Specialty Benefits and Corporate), which are likely not sustainable. All in, while certainly better than Q4 2017 results, the underlying earnings power exhibited in Q1 does not at first look seem like enough to change our investment thesis." (4/26/2018)
- 2. According to Zacks Investment Research, "Shares of Principal Financial have underperformed the industry in a year’s time. Higher leverage inducing increase in interest and weighing on margin expansion remains a headwind. However, focus on fee-based revenue sources has been helping Principal Financial earn steadily and limiting exposure to the interest rate environment. The company targets a return on equity improvement of 30-60 basis points, annually. Its inorganic growth story remains impressive with buyouts fortifying international footprint. The company’s assets under management have also been steadily rising. Plus, it sets sights on effective capital deployment to enhance shareholder value, targeting to reach $0.9-$1.3-billion mark in 2018. Principal Financial’s fourth-quarter bottom line missed the Zacks Consensus Estimate. Though disciplined expense management lowered expenses, lower premiums and other considerations offset this upside." (3/12/2018)
Who are Principal Financial Group's key executives?
Principal Financial Group's management team includes the folowing people:
- Daniel J. Houston, Chairman of the Board, President, Chief Executive Officer (Age 55)
- Nora M. Everett, President - Retirement and Income Solutions (Age 57)
- James P. McCaughan, President - Principal Global Investors (Age 63)
- Luis Valdes, President - Principal International Segment (Age 59)
- Timothy M. Dunbar, Executive Vice President, Chief Investment Officer (Age 59)
- Gary P. Scholten, Executive Vice President, Chief Information Officer (Age 59)
- Karen E. Shaff, Executive Vice President, General Counsel (Age 62)
- Deanna D. Strable-Soethout, Executive Vice President, President, U.S. Insurance Solutions (Age 47)
- Gregory J. Burrows, Senior Vice President - Retirement and Income Solutions
- Gregory B. Elming, Senior Vice President (Age 56)
Has Principal Financial Group been receiving favorable news coverage?
Press coverage about PFG stock has trended positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Principal Financial Group earned a news impact score of 0.26 on Accern's scale. They also gave headlines about the financial services provider an impact score of 46.62 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.
How do I buy shares of Principal Financial Group?
Shares of PFG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Principal Financial Group's stock price today?
One share of PFG stock can currently be purchased for approximately $61.27.
How big of a company is Principal Financial Group?
Principal Financial Group has a market capitalization of $18.16 billion and generates $12.38 billion in revenue each year. Principal Financial Group employs 14,854 workers across the globe.
How can I contact Principal Financial Group?
Principal Financial Group's mailing address is 711 High St, DES MOINES, IA 50392-0300, United States. The financial services provider can be reached via phone at +1-515-2475111 or via email at [email protected]
MarketBeat Community Rating for Principal Financial Group (PFG)MarketBeat's community ratings are surveys of what our community members think about Principal Financial Group and other stocks. Vote "Outperform" if you believe PFG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PFG will underperform the S&P 500 over the long term. You may vote once every thirty days.
Principal Financial Group (NYSE:PFG) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
10 Wall Street analysts have issued ratings and price targets for Principal Financial Group in the last 12 months. Their average twelve-month price target is $70.30, suggesting that the stock has a possible upside of 14.74%. The high price target for PFG is $77.00 and the low price target for PFG is $62.00. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Hold."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.30||2.30||2.13||2.11|
|Ratings Breakdown: ||0 Sell Rating(s)|
7 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
7 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
6 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$70.30||$71.30||$68.25||$66.7778|
|Price Target Upside: ||14.74% upside||23.44% upside||5.48% downside||1.17% downside|
Principal Financial Group (NYSE:PFG) Consensus Price Target History
Principal Financial Group (NYSE:PFG) Analyst Ratings History
(Data available from 4/27/2016 forward)
Principal Financial Group (NYSE:PFG) Dividend Information
Principal Financial Group pays an annual dividend of $2.04 per share, with a dividend yield of 3.33%. PFG's next quarterly dividend payment will be made on Friday, June 29. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of 13.50% each year.
|Dividend Growth:||13.50% (3 Year Average)|
|Payout Ratio:||39.08% (Based on This Year's Estimates)|
36.36% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Principal Financial Group (NYSE:PFG) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Principal Financial Group (NYSE PFG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 68.64%
Principal Financial Group (NYSE PFG) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|2/26/2018||Luis E. Valdes||Insider||Sell||27,662||$64.02||$1,770,921.24|| |
|1/8/2018||Daniel Joseph Houston||Chairman||Sell||19,856||$72.02||$1,430,029.12|| |
|1/8/2018||Gary P. Scholten||EVP||Sell||24,310||$71.59||$1,740,352.90|| |
|1/5/2018||Daniel Joseph Houston||Chairman||Sell||69,894||$72.01||$5,033,066.94|| |
|1/2/2018||Timothy Mark Dunbar||EVP||Sell||16,400||$70.23||$1,151,772.00|| |
|12/14/2017||Luis E. Valdes||Insider||Sell||47,662||$70.04||$3,338,246.48|| |
|12/1/2017||Karen E. Shaff||EVP||Sell||50,561||$69.51||$3,514,495.11|| |
|12/1/2017||Nora Mary Everett||Insider||Sell||17,290||$70.16||$1,213,066.40|| |
|11/28/2017||Daniel Joseph Houston||CEO||Sell||37,080||$70.05||$2,597,454.00|| |
|11/28/2017||Deanna D. Strable-Soethout||CFO||Sell||18,905||$70.07||$1,324,673.35|| |
|10/18/2017||Daniel Joseph Houston||Chairman||Sell||38,097||$68.00||$2,590,596.00|| |
|10/18/2017||Karen E. Shaff||EVP||Sell||17,082||$68.00||$1,161,576.00|| |
|10/18/2017||Nora Mary Everett||Insider||Sell||12,398||$68.00||$843,064.00|| |
|9/12/2017||James P. Mccaughan||Insider||Sell||6,193||$62.33||$386,009.69|| |
|9/6/2017||James P. Mccaughan||Insider||Sell||8,953||$62.12||$556,160.36|| |
|9/5/2017||James P. Mccaughan||Insider||Sell||60,814||$62.10||$3,776,549.40|| |
|8/4/2017||James P. Mccaughan||Insider||Sell||60,817||$66.98||$4,073,522.66|| |
|7/25/2017||Gary P. Scholten||EVP||Sell||13,495||$67.00||$904,165.00|| |
|7/10/2017||Karen E. Shaff||EVP||Sell||30,500||$65.00||$1,982,500.00|| |
|7/5/2017||James P. Mccaughan||Insider||Sell||60,816||$64.43||$3,918,374.88|| |
|7/3/2017||Nora Mary Everett||Insider||Sell||14,630||$64.60||$945,098.00|| |
|6/21/2017||Gregory Bernard Elming||SVP||Sell||30,707||$64.20||$1,971,389.40|| |
|6/15/2017||Gary P. Scholten||EVP||Sell||21,950||$65.04||$1,427,628.00|| |
|6/12/2017||Karen E. Shaff||EVP||Sell||38,105||$65.05||$2,478,730.25|| |
|6/6/2017||James P. Mccaughan||Insider||Sell||65,818||$63.53||$4,181,417.54|| |
|6/2/2017||Nora Mary Everett||Insider||Sell||8,700||$63.52||$552,624.00|| |
|5/16/2017||Luis E. Valdes||Insider||Sell||10,375||$64.00||$664,000.00|| |
|4/27/2017||Deanna D. Strable-Soethout||CFO||Sell||23,745||$65.00||$1,543,425.00|| |
|4/27/2017||Nora Mary Everett||Insider||Sell||14,550||$65.00||$945,750.00|| |
|4/27/2017||Timothy Mark Dunbar||EVP||Sell||24,905||$65.00||$1,618,825.00|| |
|4/20/2017||Luis E. Valdes||Insider||Sell||60,911||$63.00||$3,837,393.00|| |
|4/13/2017||Luis E. Valdes||Insider||Sell||10,000||$62.00||$620,000.00|| |
|4/6/2017||James P. Mccaughan||Insider||Sell||5,000||$62.65||$313,250.00|| |
|3/6/2017||James P. Mccaughan||Insider||Sell||5,000||$63.18||$315,900.00|| |
|2/22/2017||Gary P. Scholten||EVP||Sell||20,900||$63.10||$1,318,790.00|| |
|2/22/2017||Nora Mary Everett||Insider||Sell||11,290||$63.00||$711,270.00|| |
|2/15/2017||Deanna D. Strable-Soethout||CFO||Sell||9,885||$62.70||$619,789.50|| |
|12/12/2016||Nora Mary Everett||Insider||Sell||18,700||$59.41||$1,110,967.00|| |
|12/9/2016||Gary P. Scholten||EVP||Sell||13,549||$60.31||$817,140.19|| |
|12/8/2016||Terrance J. Lillis||CFO||Sell||49,160||$60.87||$2,992,369.20|| |
|12/7/2016||Gary P. Scholten||EVP||Sell||24,480||$60.00||$1,468,800.00|| |
|12/5/2016||Luis E. Valdes||Insider||Sell||92,084||$58.74||$5,409,014.16|| |
|11/10/2016||Gary P. Scholten||EVP||Sell||13,000||$58.00||$754,000.00|| |
|10/28/2016||Karen E. Shaff||EVP||Sell||12,832||$55.00||$705,760.00|| |
|10/5/2016||Timothy Mark Dunbar||EVP||Sell||5,000||$52.00||$260,000.00|| |
|6/22/2016||Gregory Bernard Elming||SVP||Sell||46,770||$43.73||$2,045,252.10|| |
|5/23/2016||James P Mccaughan||Insider||Sell||10,000||$43.13||$431,300.00||195,598|| |
|4/21/2016||James P Mccaughan||Insider||Sell||10,000||$43.40||$434,000.00||205,598|| |
|4/14/2016||James P Mccaughan||Insider||Sell||10,000||$41.48||$414,800.00||225,598|| |
|3/21/2016||James P Mccaughan||Insider||Sell||10,000||$41.15||$411,500.00||215,222|| |
|3/14/2016||James P Mccaughan||Insider||Sell||20,000||$39.84||$796,800.00||225,222|| |
|2/19/2016||Daniel Gelatt||Director||Buy||30,000||$36.74||$1,102,200.00||39,325|| |
|2/16/2016||James P. Mccaughan||Insider||Sell||20,000||$35.95||$719,000.00|| |
|1/14/2016||James P. Mccaughan||insider||Sell||20,000||$38.79||$775,800.00||245,222|| |
|12/14/2015||Larry D Zimpleman||Chairman||Sell||10,000||$45.40||$454,000.00||262,225|| |
|12/1/2015||James P. Mccaughan||insider||Sell||27,940||$51.82||$1,447,850.80||264,825|| |
|11/6/2015||Luis E. Valdes||insider||Sell||13,892||$52.00||$722,384.00||84,927|| |
|11/2/2015||James P. Mccaughan||insider||Sell||27,940||$50.63||$1,414,602.20||264,825|| |
|10/30/2015||Elizabeth E Tallett||Director||Buy||1,000||$50.33||$50,330.00||40,408|| |
|10/21/2015||Larry D Zimpleman||Chairman||Sell||10,000||$49.49||$494,900.00||272,225|| |
|10/14/2015||Larry D Zimpleman||Chairman||Sell||10,000||$48.25||$482,500.00||282,225|| |
|10/7/2015||James P. Mccaughan||insider||Sell||15,940||$49.75||$793,015.00||264,825|| |
|10/1/2015||James P. Mccaughan||insider||Sell||12,000||$11.07||$132,840.00||264,825|| |
|8/13/2015||Daniel Joseph Houston||COO||Sell||1,610||$57.00||$91,770.00|| |
|7/24/2015||Terrance J Lillis||CFO||Sell||49,638||$53.50||$2,655,633.00|| |
|7/21/2015||Terrance J Lillis||CFO||Sell||2,212||$53.50||$118,342.00|| |
|6/18/2015||Nora Mary Everett||Insider||Sell||8,425||$52.32||$440,796.00|| |
|5/29/2015||Gregory Bernard Elming||SVP||Sell||9,165||$51.63||$473,188.95|| |
|5/21/2015||Luis E Valdes||Insider||Sell||6,270||$53.00||$332,310.00|| |
|2/2/2015||James P Mccaughan||Insider||Sell||6,569||$47.11||$309,465.59|| |
|1/2/2015||James P Mccaughan||Insider||Sell||6,569||$51.90||$340,931.10|| |
|11/25/2014||Luis E Valdes||Insider||Sell||27,783||$54.02||$1,500,837.66|| |
|11/3/2014||James P Mccaughan||Insider||Sell||18,568||$51.95||$964,607.60|| |
|10/31/2014||Luis E Valdes||Insider||Sell||4,806||$52.39||$251,786.34|| |
|10/1/2014||James P Mccaughan||Insider||Sell||18,568||$51.89||$963,493.52|| |
|9/3/2014||Timothy Mark Dunbar||EVP||Sell||13,745||$55.00||$755,975.00|| |
|9/2/2014||Terrance J Lillis||CFO||Sell||33,765||$54.34||$1,834,790.10|| |
|8/26/2014||Daniel Joseph Houston||Insider||Sell||20,575||$54.00||$1,111,050.00|| |
|8/26/2014||Gary P Scholten||EVP||Sell||12,775||$54.00||$689,850.00|| |
|8/21/2014||Karen E Shaff||EVP||Sell||54,430||$53.09||$2,889,688.70|| |
|8/1/2014||James P Mccaughan||Insider||Sell||18,568||$49.40||$917,259.20|| |
|7/14/2014||Daniel Joseph Houston||Insider||Sell||62,770||$52.02||$3,265,295.40|| |
|7/1/2014||James P Mccaughan||Insider||Sell||18,568||$50.79||$943,068.72|| |
|6/20/2014||Timothy Mark Dunbar||EVP||Sell||6,000||$50.00||$300,000.00|| |
|6/2/2014||James P Mccaughan||Insider||Sell||6,568||$46.76||$307,119.68|| |
|5/1/2014||James Mccaughan||Insider||Sell||11,568||$46.65||$539,647.20||205,788|| |
|4/1/2014||James Mccaughan||Insider||Sell||11,568||$46.54||$538,374.72||205,738|| |
|3/3/2014||James Mccaughan||Insider||Sell||11,568||$44.70||$517,089.60||205,738|| |
|2/18/2014||Richard Keyser||Director||Sell||1,885||$44.69||$84,240.65||32,669|| |
|2/3/2014||James Mccaughan||Insider||Sell||31,560||$42.91||$1,354,239.60||192,669|| |
|1/2/2014||James Mccaughan||Insider||Sell||31,560||$48.60||$1,533,816.00||192,669|| |
|12/26/2013||Daniel Joseph Houston||Insider||Sell||44,895||$49.41||$2,218,261.95||119,270|| |
|12/16/2013||Mary Okeefe||VP||Sell||28,600||$48.33||$1,382,238.00||49,040|| |
|12/13/2013||Daniel Gelatt||Director||Sell||1,885||$48.23||$90,913.55||32,141|| |
|12/11/2013||Miller Joycelyn Carter||Director||Sell||1,885||$49.10||$92,553.50||29,476|| |
|12/10/2013||Sandra Helton||Director||Sell||1,885||$49.16||$92,666.60||36,708|| |
|12/2/2013||Elizabeth Tallett||Director||Sell||1,885||$50.76||$95,682.60||32,571|| |
|12/2/2013||James Mccaughan||Insider||Sell||19,992||$50.52||$1,009,995.84||192,625|| |
|11/29/2013||Gregory Bernard Elming||SVP||Sell||8,485||$50.53||$428,747.05||18,295|| |
|11/18/2013||Gary Costley||Director||Sell||5,000||$49.30||$246,500.00||29,759|| |
|11/1/2013||James P Mccaughan||Insider||Sell||19,992||$47.36||$946,821.12|| |
|10/28/2013||Larry D Zimpleman||CEO||Sell||108,185||$47.10||$5,095,513.50|| |
|10/17/2013||Luis E Valdes||Insider||Sell||11,196||$45.00||$503,820.00|| |
|10/17/2013||Terrance J Lillis||CFO||Sell||7,520||$45.00||$338,400.00|| |
|9/16/2013||Gary Scholten||SVP||Sell||30,000||$11.07||$332,100.00||44,575|| |
|8/1/2013||Larry Zimpleman||CEO||Sell||77,790||$44.30||$3,446,097.00||207,017|| |
|7/26/2013||Gary P Scholten||SVP||Sell||25,720||$42.10||$1,082,812.00|| |
|7/26/2013||Terrance J Lillis||CFO||Sell||6,605||$42.10||$278,070.50|| |
|7/22/2013||Karen E Shaff||VP||Sell||36,530||$40.50||$1,479,465.00|| |
|7/22/2013||Timothy Mark Dunbar||SVP||Sell||9,965||$40.00||$398,600.00|| |
|7/18/2013||Daniel Joseph Houston||Insider||Sell||74,110||$39.65||$2,938,461.50|| |
|7/1/2013||Luis E Valdes||Insider||Sell||15,640||$37.70||$589,628.00|| |
|5/14/2013||Gary P Scholten||SVP||Sell||12,730||$37.50||$477,375.00|| |
|4/11/2013||Karen E Shaff||VP||Sell||87,360||$35.00||$3,057,600.00|| |
|3/13/2013||Daniel Gelatt||Director||Sell||1,935||$34.02||$65,828.70|| |
Principal Financial Group (NYSE PFG) News Headlines
Principal Financial Group (NYSE:PFG) SEC Filings
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Principal Financial Group (NYSE:PFG) Income Statement, Balance Sheet and Cash Flow Statement
Principal Financial Group (NYSE PFG) Stock Chart for Friday, April, 27, 2018