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Last $50.74 USD
Change Today -1.70 / -3.24%
Volume 1.3M
PFG On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).

principal financial group (PFG) Snapshot

Open
$51.66
Previous Close
$52.44
Day High
$51.80
Day Low
$50.66
52 Week High
09/3/14 - $55.07
52 Week Low
01/30/15 - $46.01
Market Cap
14.9B
Average Volume 10 Days
1.3M
EPS TTM
$3.77
Shares Outstanding
294.4M
EX-Date
06/4/15
P/E TM
13.5x
Dividend
$1.52
Dividend Yield
2.80%
Current Stock Chart for PRINCIPAL FINANCIAL GROUP (PFG)

principal financial group (PFG) Related Businessweek News

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principal financial group (PFG) Details

Principal Financial Group, Inc. provides retirement, asset management, 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 segment 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 plans; 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 asset allocation, stable value management, and other structured investment strategies. The Principal International segment offers pension accumulation and income annuity products, mutual funds, asset management, and life insurance accumulation products, as well as voluntary savings plans in Brazil, Chile, China, Hong Kong SAR, India, Mexico, and the Southeast Asia. This segment also promotes and advises on retirement and long-term investment products. The U.S. Insurance Solutions segment provides individual life insurance products comprising universal and variable universal life insurance and traditional life insurance; and 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. It also provides insurance solutions for small and medium-sized businesses and their owners, as well as executives. Principal Financial Group, Inc. was founded in 1879 and is headquartered in Des Moines, Iowa.

14,873 Employees
Last Reported Date: 02/11/15
Founded in 1879

principal financial group (PFG) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $982.7K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $592.8K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $523.1K
Chief Executive Officer of Principal Global I...
Total Annual Compensation: $629.6K
Chairman of Principal International Inc., Chi...
Total Annual Compensation: $559.1K
Compensation as of Fiscal Year 2014.

principal financial group (PFG) Key Developments

Principal Financial Group Inc. Appoints Blair C. Pickerell to its Board of Directors, Effective from August 17, 2015

Principal Financial Group Inc. announced that Blair C. Pickerell, chairman, Asia, of Nikko Asset Management, has been elected to company's Board of Directors, effective August 17, 2015. Pickerell has been in his current role with Nikko Asset Management since 2010. Prior to that, he was CEO, Asia, at Morgan Stanley Investment Management. Before that, he held positions at a number of asset and investment management organizations in Hong Kong.

Principal Financial Group, Inc. Issues Notice of Redemption of Preferred Stock on June 30, 2015; Announces Preferred Stock Dividend, Payable on June 30, 2015

Principal Financial Group Inc. announced that it has issued notices to redeem on June 30, 2015 all 3,000,000 outstanding shares of its 5.563% Series A Non-Cumulative Perpetual Preferred Stock and all 10,000,000 outstanding shares of its 6.518% Series B Non-Cumulative Perpetual Preferred Stock. The Series A Preferred Stock will be redeemed at a redemption price of /$100 per share and the Series B Preferred Stock will be redeemed at a redemption price of /$25 per share, representing /$550 million in aggregate. The company announced, a cash dividend of /$1.39075 per share of Series A Preferred Stock and a cash dividend of /$0.407375 per share of Series B Preferred Stock will be paid on June 30, 2015 to holders of record as of June 11, 2015. On the redemption date, dividends on the Series A Preferred Stock and Series B Preferred Stock will cease to accrue. The notices of redemption were mailed to the respective holders of record of the Series A Preferred Stock and Series B Preferred Stock on May 13, 2015. All of the shares of Series A Preferred Stock and Series B Preferred Stock being called for redemption are held by Cede & Co., as nominee of The Depositary Trust Company, and are held in book-entry form through DTC.

The Principal Financial Group Appoints Roger C. Hochschild to the Company's Board of Directors

The Principal Financial Group announced that Roger C. Hochschild, president and chief operating officer for Discover Financial Services, has joined the company's board of directors effective March 18, 2015. His prior experience with wealth management at Morgan Stanley as well as his technology and consumer financial background from Discover fit very well with overall strategy. Hochschild has been in his current role with Discover since 2004.

 

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Industry Analysis

PFG

Industry Average

Valuation PFG Industry Range
Price/Earnings 12.8x
Price/Sales 1.5x
Price/Book 1.5x
Price/Cash Flow 12.2x
TEV/Sales 0.8x
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