Principal Financial Group (PFG)
Administers retirement plans, manages investments, and insures employer benefits.
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Provides workplace retirement administration, pension risk transfer, investment management, and employer benefits and insurance. Fees track plan and managed assets, while insurance results reflect premiums, claims, interest rates, and regulation; the platform centers on small and midsized employers and retirement-plan relationships.
Runs workplace retirement plans, investment mandates, and employer benefits through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection. Retirement and Income Solutions combines plan recordkeeping with pension risk transfer, annuities, investment-only contracts, and bank, trust, and custody services. Principal Asset Management earns fees on equity, fixed income, real estate, and alternative strategies for institutions, retirement plans, retail investors, and high-net-worth clients in the U.S. and selected international markets.
Uses employer relationships and retirement recordkeeping to connect administration, investment, and insurance products. Benefits and Protection focuses on dental, life, disability, supplemental health, and business-market life insurance, primarily for small and midsized employers. Results depend on account values, assets under management, benefit demand, insurance claims, interest rates, financial-strength ratings, and retirement and insurance regulation.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | UBS | Reiterate | Rating: —Target: $94 | Target: $120 |
| Aug 17, 2026 | Raymond James | Reiterate | Rating: —Target: $111 | Target: $121 |
| Jul 22, 2026 | Wells Fargo | Reiterate | Rating: —Target: $85 | Target: $113 |
| Jul 15, 2026 | Atlantic Equities | Target | Target: — | Target: $94 |
| Jul 10, 2026 | Jefferies | Reiterate | Rating: —Target: $76 | Target: $98 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $5.26B · Total debt $4.34B · Total assets $352.75B · Shareholders' equity $12.14B
- Revenue
- $3.91B
- Operating income
- $496.3M
- Net income
- $403.4M
HistoryDividendAnnual yield
| Institutions | 82.73% | 177.14M shares | |
|---|---|---|---|
| 975 holders · as of Jun 30, 2026 | |||
| Insiders | 0.61% | 1.30M shares | |
| 24 holders · as of Sep 8, 2026 | |||
| Other | 16.66% | 35.67M shares | |
| remainder | |||
214.10M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.35% | 20.01M | as of Jun 30, 2026 |
Nippon Life Insurance CoInstitution | 8.47% | 18.14M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.30% | 13.48M | as of Jun 30, 2026 |
Managed Account Advisors LLC000000000Institution | 5.96% | 12.76M | filed Feb 7, 2023 |
Vanguard Portfolio Management LLCInstitution | 5.26% | 11.27M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 21, 2026 | Wee Yee Cheong | officer: President - Asia & Middle East | −7,534 | $103.16 |
| May 20, 2026 | Wee Yee Cheong | officer: President - Asia & Middle East | −3,211 | $103.06 |
| May 1, 2026 | Wee Yee Cheong | officer: President - Asia & Middle East | −9,183 | $101.26 |
| Apr 30, 2026 | Wee Yee Cheong | officer: President - Asia & Middle East | −4,737 | $101.01 |
| Apr 30, 2026 | George Djurasovic | officer: Interim General Counsel | −1 | $99.63 |
- Voya
Workplace retirement, benefits, and investment-management overlap
- Prudential Financial
Retirement, group insurance, life, and PGIM asset-management overlap
- Lincoln Financial
Annuities, retirement plans, life, and group protection overlap
- MetLife
Group benefits, RIS, and institutional asset management overlap
- Unum Group
Group disability, life, voluntary, dental, and vision overlap
- Ameriprise Financial
Asset management and retirement/protection products overlap
- Equitable
Retirement, wealth, and AllianceBernstein asset-management overlap
- T. Rowe Price
Target-date, DC recordkeeping, and asset-management overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Principal Financial Group | $113.11 | −2.88% | $24.94B | 16.6 | 11.3 | 1.6 | +8.9% |
| Voya | $98.22 | −2.30% | $9.11B | 17.0 | 9.3 | 2.4 | +3.2% |
| Prudential Financial | $117.15 | −1.16% | $41.13B | 10.7 | 8.3 | 0.6 | +2.8% |
| Lincoln Financial | $41.04 | −1.54% | $7.98B | 3.5 | 5.0 | 0.4 | +21.2% |
| MetLife | $95.79 | −0.88% | $62.18B | 18.5 | 9.1 | 0.8 | +10.0% |
| Unum Group | $93.50 | −0.06% | $14.81B | 21.8 | 10.5 | 1.1 | −13.8% |
| Ameriprise Financial | $511.86 | −4.45% | $48.16B | 12.9 | 10.4 | 2.4 | +14.6% |
| Equitable | $52.61 | −2.34% | $14.70B | — | 6.5 | 1.4 | −29.8% |
| T. Rowe Price | $103.30 | −1.28% | $22.42B | 10.5 | 10.0 | 3.0 | +10.7% |
| Median | 12.9 | 9.2 | 1.3 | +6.6% |