Last $53.27 USD
Change Today -0.91 / -1.68%
Volume 755.6K
PFG On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 1:40 PM 11/28/14 All times are local (Market data is delayed by at least 15 minutes).

principal financial group (PFG) Snapshot

Open
$54.00
Previous Close
$54.18
Day High
$54.31
Day Low
$53.18
52 Week High
09/3/14 - $55.07
52 Week Low
02/4/14 - $41.20
Market Cap
15.6B
Average Volume 10 Days
794.2K
EPS TTM
$3.56
Shares Outstanding
293.7M
EX-Date
12/4/14
P/E TM
15.0x
Dividend
$1.36
Dividend Yield
2.25%
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, Chairman o...
Total Annual Compensation: $919.2K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $566.9K
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
Compensation as of Fiscal Year 2013.

principal financial group (PFG) Key Developments

The Principal Financial Group Elects Daniel J. Houston President and Chief Operating Office

TThe Principal Financial Group announced the Board of Directors has elected Daniel J. Houston president and chief operating officer effective immediately. Houston will oversee all global businesses including Principal Global Investors, Principal International, Retirement and Investor Services, and U.S. Insurance Solutions. In addition, Houston was elected to the Board of Directors. Larry D. Zimpleman continues as chairman and chief executive officer. Zimpleman will continue to oversee the company growth strategy, capital management and deployment, and corporate functions. Houston joined the company in 1984 as a sales representative in the Dallas group and pension office. From there, he held a number of management positions in the company. He was named executive vice president in 2006, president of retirement and investor services in 2008, and president of retirement, insurance and financial services in 2009.

Principal Financial Group Inc. Announces Financial Results for the Third Quarter of 2014

Principal Financial Group Inc. announced financial results for the third quarter of 2014. Operating earnings increased 31% to a record $353.7 million for third quarter 2014, compared to $269.2 million for third quarter 2013. Operating earnings per diluted share (EPS) increased 32% to $1.19 for third quarter 2014, compared to $0.90 for third quarter 2013. Results reflect a positive $39.0 million from third quarter actuarial assumption review and model enhancements. Net income available to common stockholders for third quarter 2014 decreased 2% to $240.7 million, or $0.77 per diluted share, compared to $245.7 million, or $0.82 per diluted share for third quarter 2013, reflecting a negative one-time impact of $58.1 million due to Chilean tax reform. Operating revenues for third quarter 2014 were $2,552.7 million, an increase of 10%, compared to $2,315.8 million for third quarter 2013. Total company net cash flows for third quarter were $3.7 billion. Return on equity excluding AOCI was 14.1%, a 220 basis point increase over third quarter 2013.

Principal Financial Group, Inc. Declares Preferred Dividend, Payable on December 30, 2014

Principal Financial Group Inc. announced that its board of directors declared a cash dividend of $1.39075 per share on its 5.563% Series A non--cumulative perpetual preferred stock and a cash dividend of $0.407375 per share on its 6.518% Series B non-cumulative perpetual preferred stock. The preferred dividends are payable on December 30, 2014, to preferred stockholders of record as of Dec. 11, 2014.

 

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Industry Analysis

PFG

Industry Average

Valuation PFG Industry Range
Price/Earnings 15.4x
Price/Sales 1.6x
Price/Book 1.5x
Price/Cash Flow 14.4x
TEV/Sales 0.9x
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