Principal Financial Group, Inc. (PFG)

In the past six months, Principal Financial Group's stock (PFG) has experienced some fluctuations. As of June 26, 2025, the share price was $78.40, representing a decline of 1.33% from June 27, 2024. Over the past six months, PFG stock dipped 5 basis points, underperforming the Financial Select Sector SPDR Fund's (XLF) 11.3% gains during the same period. On April 24, 2025, PFG delivered its Q1 results, and shares of the company plunged 2.1% in the subsequent trading session. This was partly due to adjusted operating earnings missing consensus estimates by 2.2%, lower investment management segment operating margin impacted by elevated seasonal expenses, and increased pre-tax operating losses in the corporate segment. Despite this, Q1 adjusted operating earnings grew 9.7% from the year-ago quarter, and assets under management rose 1.3% to $717.9 billion. Analyst sentiment has seen some shifts; on January 7, 2025, JP Morgan upgraded its outlook for Principal Financial Group from "Neutral" to "Overweight," while on January 23, 2025, BMO Capital initiated coverage of PFG with a "Market Perform" recommendation and a price target of $93.

Principal Financial Group's earnings reports consistently indicate stable revenue, largely driven by a strong demand for retirement and asset management services. The life and income insurance division also contributes significantly to revenue, particularly during periods of uncertain economic conditions when individuals seek more financial protection. While the company generally experiences stable demand, its investment management segment's operating margin was impacted by elevated seasonal expenses in Q1 2025. Historically, the stock's seasonality going into June has shown a chance of a "green month," meaning a higher closing price than the previous month in 41.67% of the past 23 Junes.

Principal Financial Group, Inc. (PFG) is a global financial services and investment management company headquartered in Des Moines, Iowa, United States. The company operates within the broader financial services sector, with a specific focus on the insurance industry, particularly Accident & Health Insurance. PFG offers a comprehensive suite of financial products and services to businesses, individuals, and institutional clients worldwide. Its major products and services include retirement solutions, asset management, and workplace benefits and protection solutions.

Principal Financial Group has a significant global presence, serving millions of customers in over 70 countries through offices in 18 countries. While headquartered in the U.S., the company has a notable international footprint, particularly in Latin America and Asia. Its international operations include wholly-owned subsidiaries and joint ventures in locations such as 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 Financial Group has received positive recognition for its brand and workplace culture in the past year, including being named one of the World's Most Ethical Companies in 2024 and 2025 and a Best Places to Work in Money Management in both 2024 and 2025.

Institutional investors hold a significant majority of Principal Financial Group's shares, controlling approximately 72% to 73.25% of the company, allowing them to collectively wield significant influence over board decisions. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Nippon Life Insurance Co, Bank Of America Corp /de/, State Street Corp, Geode Capital Management, LLC and Capital Research Global Investors. The largest individual shareholder of Principal Financial Group is Daniel Gelatt, who owns 948,342 shares, representing 0.42% of the company. Retail investors hold approximately a 24.77% stake in the company.