Principal Financial Group, Inc. (PFG)

Over the past six months, Principal Financial Group's stock price has seen a positive trend, increasing by 7.72%. As of October 24, 2025, the share price was $79.62, a decline of 4.89% from October 25, 2024, when it was $83.71. In the third quarter of 2025, Principal Financial Group reported diluted earnings per common share of $0.95, compared to a net loss of $0.95 per share in the prior year. Non-GAAP operating earnings per diluted share increased by 13% over the prior year quarter to $2.32. The company returned $398 million of capital to shareholders. The fourth-quarter 2025 common stock dividend was raised to $0.79 per share. Morgan Stanley upgraded Principal Financial Group from "Underweight" to "Equalweight" on October 23, 2025. Wall Street Zen also upgraded the stock from a "sell" rating to a "hold" around October 26, 2025. Goldman Sachs rated PFG as a "Strong Buy" with a Quant rating of 4.67 around October 23, 2025. Analyst sentiment remains positive, with a consensus recommendation of "Hold" and a target price of $87.75.

Retirement planning and investment services may see increased activity towards the end of the year due to tax planning and annual contribution deadlines. Open enrollment periods for workplace benefits, typically in the fall, would drive demand for their benefits and protection solutions. The company's business model suggests a relatively steady demand, though market performance can influence investment product demand. The company's focus on long-term savings solutions also implies a less volatile demand compared to highly cyclical industries.

Principal Financial Group, Inc. (PFG) is a global financial services company established in 1879 and headquartered in Des Moines, Iowa. It operates in the Financial Services sector, focusing on Asset Management and Accident & Health Insurance. PFG offers financial products and services to businesses, individuals, and institutional clients worldwide. The company's core business segments include Retirement and Income Solutions, which provides retirement planning and income solutions; Principal Asset Management, which manages investments for institutional and retail clients; and Benefits and Protection, which provides specialty benefits and individual life insurance products.

Principal Financial Group has a significant global presence, operating in over 80 countries and serving millions of customers. Its international operations are strong in Latin America and Asia. The company maintains a presence in key markets around the world, including the United States, Asia, Australia, Latin America, and select European markets. Specific international locations and partnerships include Beijing and Hong Kong SAR (China), Dubai (UAE), Indonesia, Kuala Lumpur (Malaysia), Mexico City and Monterrey (Mexico), Santiago (Chile), Sao Paulo (Brazil), Singapore, and Thailand. Principal Global Investors also has offices in various locations globally, including Amsterdam.

In the past year, Principal Financial Group has been recognized for its workplace environment and community involvement. The company was listed among the "World's Top Companies for Women" in 2025 by Forbes. Additionally, the 2025 Principal® Charity Classic raised a record $10.6 million for Iowa youth. However, a 2025 research study from Principal® indicated that progress in global financial inclusion stalled after two years of significant improvement.

Institutional investors hold a significant majority of Principal Financial Group's shares, ranging from 73% to 75%. Major institutional owners include The Vanguard Group, Inc., BlackRock, Inc., Nippon Life Insurance Co, Bank Of America Corp /de/, State Street Corp, Geode Capital Management, Llc, Victory Capital Management Inc, Dimensional Fund Advisors Lp, Northern Trust Corp and Morgan Stanley. The general public holds approximately 24% to 27% of the shares.