PFG Principal Financial Group Inc.
Principal Financial Group, Inc. is a financial company, which offers financial products and services to businesses, individuals and institutional clients. It specializes in retirement solutions, insurance, and investment products through its diverse family of financial services companies and national network of financial professionals. It operates its business through following segments: Retirement and Income Solutions, Principal Global Investors, Principal International, U.S. Insurance Solutions and Corporate. The Retirement and Income Solutions segment provides retirement and related financial products and services primarily to businesses, their employees and other individuals. The Principal Global Investors segment provides asset management services to asset accumulation business, insurance operations, corporate segment and third party clients and also refers to mutual fund business. The Principal International segment offers pension accumulation products and services, mutual funds, asset management, income annuities and life insurance accumulation products. The U.S. Insurance Solutions segment operates through two divisions. Specialty benefits insurance division consists of group dental and vision insurance, individual and group disability insurance, group life insurance and non-medical fee-for-service claims administration. Individual life insurance division provides solutions for small & medium-sized businesses. The Corporate segment manages the assets representing capital that has not been allocated to any other segment. The company was founded by Edward A. Temple in 1879 and is headquartered in Des Moines, IA.
Company profile
Ticker
PFG
Exchange
Website
CEO
Daniel Joseph Houston
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
421520346
PFG stock data
()
Investment data
| Top 50 of 2282 long holdings End of quarter 30 Jun 20 |
Value |
#Shares |
|---|---|---|
| $3.07B | 15.07M | |
| $2.68B | 969.77K | |
| $2.64B | 7.24M | |
| $1.47B | 15.75M | |
| $1.4B | 3.17M | |
| $1.35B | 41.18M | |
| $1.18B | 5.19M | |
| $1.17B | 1.67M | |
| $1.11B | 785.12K | |
| $941.96M | 3.64M | |
| $918.04M | 4.75M | |
| $909.54M | 3.8M | |
| $905.12M | 10.11M | |
| $873.65M | 4.89M | |
| $861.42M | 607.47K | |
| $859.3M | 5.56M | |
| $804.05M | 1.85M | |
| $797.23M | 2.7M | |
| $779.28M | 2.62M | |
| $776.14M | 1.84M | |
| $735.66M | 26.72M | |
| $730.96M | 4.2M | |
| $730.49M | 4.5M | |
| $720.54M | 9.81M | |
| $719.27M | 23.29M | |
| $698.46M | 2.73M | |
| $697.77M | 7.42M | |
| $697.31M | 9.61M | |
| $669.86M | 1.73M | |
| $666.48M | 721.95K | |
| $649.12M | 7.8M | |
| $637.4M | 11.56M | |
| $625.11M | 4.45M | |
| $622.39M | 5.91M | |
| $571.41M | 7.39M | |
| $571.04M | 803.52K | |
| $568.56M | 10.99M | |
| $562.41M | 3M | |
| $560.98M | 4.84M | |
| $550.61M | 4.94M | |
| $545.12M | 1.8M | |
| $535.38M | 2.59M | |
| $523.44M | 17.07M | |
| $518.69M | 1.78M | |
| $516.14M | 1.23M | |
| $504.59M | 1.33M | |
| $503.18M | 5.5M | |
| $495.7M | 2.16M | |
| $486.52M | 18.09M | |
| $479.01M | 4.01M |
Holdings list only includes long positions.
Only includes long positions.
Calendar
29 Jul 20
25 Oct 20
31 Dec 20
News
Financial summary
| Quarter (USD) | Jun 20 | Mar 20 | Sep 19 | Jun 19 | |
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| Diluted EPS |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
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| Revenue | |||||
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Financial data from company earnings reports.
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 25 Sep 20 | Jonathan Auerbach | Common Stock | Grant | Aquire A | No | 0 | 98 | 0 | 5,200 |
| 25 Sep 20 | Carter Miller Joycelyn | Common Stock | Grant | Aquire A | No | 0 | 872 | 0 | 61,170 |
| 25 Sep 20 | Helton Sandra L | Common Stock | Grant | Aquire A | No | 0 | 838 | 0 | 59,225 |
| 25 Sep 20 | Dan Michael T | Common Stock | Grant | Aquire A | No | 0 | 477 | 0 | 46,636 |
| 25 Sep 20 | Dan Michael T | Phantom Stock Units Common Stock | Grant | Aquire A | No | 38.63 | 160.5 | 6.2K | 11,229.4 |
| 25 Sep 20 | Hochschild Roger C | Common Stock | Grant | Aquire A | No | 0 | 294 | 0 | 20,579 |
| 25 Sep 20 | Hochschild Roger C | Phantom Stock Units Common Stock | Grant | Aquire A | No | 38.63 | 200 | 7.73K | 14,031 |
Institutional ownership Q2 2020
69.5% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 548 |
| Opened positions | 77 |
| Closed positions | 74 |
| Increased positions | 184 |
| Reduced positions | 182 |
13F shares |
Current |
|---|---|
| Total value | 7.92B |
| Total shares | 190.83M |
| Total puts | 377.2K |
| Total calls | 305.8K |
| Total put/call ratio | 1.2 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 30.57M | $1.27B |
| BLK BlackRock | 23.02M | $956.26M |
| Nippon Life Insurance | 18.14M | $753.41M |
| Capital Research Global Investors | 12.94M | $537.35M |
| STT State Street | 12.71M | $528.01M |
| BK Bank of New York Mellon | 7.1M | $295M |
| NTRS Northern Trust | 4.79M | $199.03M |
| Geode Capital Management | 4.53M | $188.03M |
| Dimensional Fund Advisors | 3.7M | $153.69M |
| IVZ Invesco | 3.7M | $153.51M |
Financial report summary
?Competition
AegonManagement Discussion
- Net Income Attributable to Principal Financial Group, Inc.
- Net income attributable to Principal Financial Group, Inc. increased primarily due an $83.4 million decrease in DAC amortization stemming from more favorable financial markets during the second quarter of 2020 compared to the second quarter of 2019, which was partially offset by a $53.9 million decrease in variable investment income.
- Premiums decreased $711.7 million for the Retirement and Income Solutions segment primarily due to lower sales of single premium group and individual annuities with life contingencies. The single premium group annuity product, which is typically used to fund defined benefit plan terminations, can generate large premiums from very few customers and therefore premiums tend to vary from period to period.
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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New words:
incidence, inflation, Interagency, overhead, paused, permanent, preliminary, relief, suspension
Removed:
build, ending, focusing, midsize, movement, occurring, scale
Financial reports
10-Q
2020 Q2
Quarterly report
29 Jul 20
10-Q
2020 Q1
Quarterly report
29 Apr 20
10-K
2019 FY
Annual report
14 Feb 20
10-Q
2019 Q3
Quarterly report
30 Oct 19
10-Q
2019 Q2
Quarterly report
31 Jul 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
13 Feb 19
10-Q
2018 Q3
Quarterly report
31 Oct 18
10-Q
2018 Q2
Quarterly report
1 Aug 18
10-Q
2018 Q1
Quarterly report
2 May 18
Current reports
8-K
Regulation FD Disclosure
16 Oct 20
8-K
Principal announces new head of Global Asset Management Tim Dunbar to retire after 34 years
24 Sep 20
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
6 Aug 20
8-K
Principal® announces Second Quarter 2020 results
27 Jul 20
8-K
Regulation FD Disclosure
17 Jul 20
8-K
Entry into a Material Definitive Agreement
12 Jun 20
8-K
Principal® names Clare Stack Richer to Board of Directors
1 Jun 20
8-K
Submission of Matters to a Vote of Security Holders
21 May 20
8-K
Principal®announces First Quarter 2020 results
27 Apr 20
8-K
Regulation FD Disclosure
21 Apr 20
Registration and prospectus
424B5
Prospectus supplement for primary offering
4 Aug 20
FWP
Free writing prospectus
3 Aug 20
424B5
Prospectus supplement for primary offering
3 Aug 20
S-8
Registration of securities for employees
31 Jul 20
S-8
Registration of securities for employees
31 Jul 20
424B5
Prospectus supplement for primary offering
10 Jun 20
FWP
Free writing prospectus
9 Jun 20
424B5
Prospectus supplement for primary offering
9 Jun 20
S-3ASR
Automatic shelf registration
29 Apr 20
424B5
Prospectus supplement for primary offering
8 May 19
Proxies
DEFA14A
Additional proxy soliciting materials
23 Apr 20
DEF 14A
Definitive proxy
6 Apr 20
DEF 14A
Definitive proxy
9 Apr 19
DEF 14A
Definitive proxy
9 Apr 18
DEF 14A
Definitive proxy
4 Apr 17
DEFA14A
Additional proxy soliciting materials
5 May 16
DEF 14A
Definitive proxy
7 Apr 16
DEF 14A
Definitive proxy
8 Apr 15
DEFA14A
Additional proxy soliciting materials
16 May 14
DEFA14A
Additional proxy soliciting materials
9 Apr 14
Other
UPLOAD
Letter from SEC
3 May 16
CORRESP
Correspondence with SEC
28 Apr 16
CORRESP
Correspondence with SEC
29 Mar 16
UPLOAD
Letter from SEC
16 Mar 16
UPLOAD
Letter from SEC
17 Jul 14
CORRESP
Correspondence with SEC
20 Jun 14
UPLOAD
Letter from SEC
12 Jun 14
UPLOAD
Letter from SEC
12 Jun 13
CORRESP
Correspondence with SEC
30 May 13
CORRESP
Correspondence with SEC
2 May 13
Ownership
4
PRINCIPAL FINANCIAL / DEANNA D STRABLE-SOETHOUT ownership change
29 Sep 20
4
PRINCIPAL FINANCIAL / Renee V. Schaaf ownership change
29 Sep 20
4
PRINCIPAL FINANCIAL / JULIA M LAWLER ownership change
29 Sep 20
4
PRINCIPAL FINANCIAL / Kathleen B Kay ownership change
29 Sep 20
4
PRINCIPAL FINANCIAL / Daniel Joseph Houston ownership change
29 Sep 20
4
PRINCIPAL FINANCIAL / Patrick Gregory Halter ownership change
29 Sep 20
4
PRINCIPAL FINANCIAL / Amy Christine Friedrich ownership change
29 Sep 20
4
PRINCIPAL FINANCIAL / Timothy Mark Dunbar ownership change
29 Sep 20
4
PRINCIPAL FINANCIAL / Elizabeth E Tallett ownership change
29 Sep 20
4
PRINCIPAL FINANCIAL / Clare Stack Richer ownership change
29 Sep 20