Last $49.17 USD
Change Today -0.19 / -0.38%
Volume 1.6M
PFG On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

principal financial group (PFG) Snapshot

Open
$48.77
Previous Close
$49.36
Day High
$49.24
Day Low
$48.48
52 Week High
09/3/14 - $55.07
52 Week Low
02/4/14 - $41.20
Market Cap
14.5B
Average Volume 10 Days
1.7M
EPS TTM
$3.62
Shares Outstanding
293.9M
EX-Date
09/4/14
P/E TM
13.6x
Dividend
$1.36
Dividend Yield
2.44%
Current Stock Chart for PRINCIPAL FINANCIAL GROUP (PFG)

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principal financial group (PFG) Details

Principal Financial Group, Inc. provides retirement savings, investment, and insurance products and services. It operates through Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Investor Services provides a portfolio of asset accumulation products and services for retirement savings and investment to businesses, institutional clients, and employees of business and other individuals. It offers products and services for defined contribution pension plans, including 401(k) and 403(b) plans, defined benefit pension plans, nonqualified executive benefit plans, and employee stock ownership plan consulting services; investment-only products; and annuities, mutual funds, and bank products. The Principal Global Investors segment provides equity, fixed income, real estate, and other alternative investments, as well as currency management, asset allocation, stable value management, and other structured investment strategies. The Principal International segment offers retirement products and services, annuities, mutual funds, institutional asset management, and life insurance accumulation products in Brazil, Chile, China, Hong Kong SAR, India, Mexico, and the Southeast Asia. The U.S. Insurance Solutions segment provides individual life insurance products comprising universal and variable universal life insurance and traditional life insurance, as well as specialty benefits consisting of group dental and vision insurance, individual and group disability insurance, and group life insurance, as well as non-medical fee-for-service claims administration services in the United States. Principal Financial Group, Inc. was founded in 1879 and is headquartered in Des Moines, Iowa.

14,792 Employees
Last Reported Date: 02/12/14
Founded in 1879

principal financial group (PFG) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $919.2K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $494.2K
Chief Executive Officer of Principal Global I...
Total Annual Compensation: $611.5K
Senior Vice President, President of Internati...
Total Annual Compensation: $541.2K
President of Retirement, Insurance & Financia...
Total Annual Compensation: $566.9K
Compensation as of Fiscal Year 2013.

principal financial group (PFG) Key Developments

Principal Financial Group Unveils New Insurance Policy for Part-Time Employees

The Principal Financial Group has unveiled new individual disability income insurance policy for part-time employees to purchase a change from historic industry standards requiring full-time employment. Coverage is available for employees working 20 to 29 hours per week and earning over $40,000 annually. Not only can part-time employees protect their income, they can also protect their ability to continue saving for retirement through Principal Life's DI Retirement Security program.

AXA Reportedly In Talks For Sale Of Pension-Fund Unit

AXA Group (ENXTPA:CS) is in advanced discussions with bidders regarding sale of its pension-fund unit in Hong Kong, said people with knowledge of the matter. Axa is seeking about $400 million for the Mandatory Provident Fund business, two of the people said. It has drawn suitors including Manulife Financial Corporation (TSX:MFC), Sun Life Financial Inc. (TSX:SLF), Principal Financial Group Inc. (NYSE:PFG) and FIL Limited, according to the people.

Principal Financial Group Inc. Hires Mike Parrett as Vice President of Consulting, Effective August 18, 2014

Principal Financial Group Inc. announced the hiring of Mike Parrett as vice president of consulting, effective August 18, 2014. Parrett will provide advanced consulting to employee stock ownership plans (ESOPs), including financial analysis and transaction structuring. Most recently, he served as senior vice president and chief financial officer of Herff Jones Inc., where he was responsible for overseeing the company's merger and acquisition, finance, treasury, insurance and risk-management functions.

 

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PFG Competitors

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Company Last Change
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Industry Analysis

PFG

Industry Average

Valuation PFG Industry Range
Price/Earnings 13.8x
Price/Sales 1.5x
Price/Book 1.4x
Price/Cash Flow 13.0x
TEV/Sales 0.7x
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