principal financial group® helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. our employees are passionate about helping clients of all income and portfolio sizes achieve their goals – offering innovative ideas, investment expertise and real-life solutions to make financial progress possible. to find out more, visit us at principal.com. the principal is an affirmative action and equal opportunity employer and an e-verify participant. all qualified applicants will receive consideration for employment without regard to of age, race, color, religion, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic characteristics, sexual orientation, marital status, domestic partner status, military status, protected veteran status, disability status or any other characteristic protected by law.
Company profile
Ticker
PFG
Exchange
Website
CEO
Daniel Houston
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Principal Financial Group, Inc. • Administradora de Fondos de Pensiones Cuprum S.A. • Brasilprev Seguros e Previdencia S.A. • Business Owner Ecosystem, Inc. • CCB Pension Management Co., Ltd. • CCB Principal Asset Management Co., Ltd. • Ciclic Corretora de Seguros S.A. • Claritas Administração de Recursos Ltda. • Claritas Investments Ltd. • Delaware Charter Guarantee & Trust Company ...
IRS number
421520346
PFG stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
23 May 24
10-Q
2024 Q1
Quarterly report
1 May 24
8-K
Principal Financial Group Announces First Quarter 2024 Results
25 Apr 24
8-K
Regulation FD Disclosure
17 Apr 24
DEFA14A
Additional proxy soliciting materials
8 Apr 24
DEF 14A
Definitive proxy
8 Apr 24
8-K
Principal Financial Group® Announces Full Year and Fourth Quarter 2023 Results as well as 2024 Outlook
12 Feb 24
8-K
Regulation FD Disclosure
25 Jan 24
8-K
Principal® names Kamal Bhatia head of asset management Pat Halter to retire after 40 years with the company
11 Jan 24
S-8 POS
Registration of securities for employees (post-effective amendment)
3 Nov 23
Transcripts
PFG
Earnings call transcript
2024 Q1
26 Apr 24
PFG
Earnings call transcript
2023 Q4
13 Feb 24
PFG
Earnings call transcript
2023 Q3
27 Oct 23
PFG
Earnings call transcript
2023 Q2
28 Jul 23
PFG
Earnings call transcript
2023 Q1
28 Apr 23
PFG
Earnings call transcript
2022 Q4
31 Jan 23
PFG
Earnings call transcript
2022 Q3
28 Oct 22
PFG
Earnings call transcript
2022 Q2
9 Aug 22
PFG
Earnings call transcript
2022 Q1
29 Apr 22
PFG
Earnings call transcript
2021 Q4
8 Feb 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Sep 23 | Jun 23 | Mar 23 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.17 bn | 4.17 bn | 4.17 bn | 4.17 bn | 4.17 bn | 4.17 bn |
Cash burn (monthly) | 131.97 mm | 56.63 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 277.00 mm | 118.87 mm | n/a | n/a | n/a | n/a |
Cash remaining | 3.89 bn | 4.05 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | 29.5 | 71.5 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
72.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 721 |
Opened positions | 196 |
Closed positions | 71 |
Increased positions | 193 |
Reduced positions | 202 |
13F shares | Current |
---|---|
Total value | 12.00 tn |
Total shares | 169.68 mm |
Total puts | 236.80 k |
Total calls | 216.30 k |
Total put/call ratio | 1.1 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 28.04 mm | $2.42 tn |
BLK Blackrock | 19.43 mm | $1.68 tn |
Nippon Life Insurance | 18.14 mm | $1.57 bn |
BAC Bank Of America | 10.97 mm | $946.67 bn |
STT State Street | 9.66 mm | $833.51 bn |
Managed Account Advisors | 8.05 mm | $0.00 |
Capital Research Global Investors | 6.60 mm | $569.84 bn |
Geode Capital Management | 5.40 mm | $465.19 bn |
Wellington Management | 4.48 mm | $386.95 bn |
Dimensional Fund Advisors | 3.87 mm | $333.61 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 May 24 | Amy Christine Friedrich | Common Stock | Gift | Dispose G | No | No | 0 | 6,273 | 0.00 | 78,996 |
21 May 24 | Beams Maliz E | Common Stock | Grant | Acquire A | No | No | 0 | 2,395 | 0.00 | 11,248 |
21 May 24 | Jonathan Auerbach | Common Stock | Grant | Acquire A | No | No | 0 | 2,395 | 0.00 | 16,650 |
21 May 24 | Carter Miller Joycelyn | Common Stock | Grant | Acquire A | No | No | 0 | 2,395 | 0.00 | 79,886 |
21 May 24 | Hochschild Roger C | Common Stock | Grant | Acquire A | No | No | 0 | 2,395 | 0.00 | 33,871 |
News
Principal Financial Group To Acquire Its Employee Stock Ownership Plan Business From Ascensus; Principal To Add ~800 Plans And More Than 165,000 Participants To Its Workplace Savings And Retirement Solutions Business; Financial Terms Not Disclosed
16 May 24
10 Analysts Assess Principal Finl Gr: What You Need To Know
29 Apr 24
Principal Finl Gr Q1 2024 Adj EPS $1.65 Misses $1.73 Estimate
25 Apr 24
Morgan Stanley Maintains Equal-Weight on Principal Finl Gr, Raises Price Target to $82
15 Apr 24
Wells Fargo Maintains Equal-Weight on Principal Finl Gr, Raises Price Target to $91
11 Apr 24
Press releases
Principal® announces new 12-month Apprentice Program
29 May 24
Principal® to acquire ESOP business from Ascensus
16 May 24
Principal Financial Group Announces First Quarter 2024 Results
25 Apr 24
Principal® achieves sustainability goals in newly released report
15 Apr 24
AM Best Affirms Credit Ratings of Principal Financial Group, Inc. and Its Subsidiaries
27 Mar 24