Principal Financial Group (PFG)

• Market cap: $16.5B
• 1 day: -2.08%
• 5 days: 2.97%
• 1 month: -14.28%
• 3 months: -11.11%
• 6 months: -12.27%
• Year to date: -5.10%
• 1 year: -9.40%
• 5 years: 131.75%
• 10 years: 42.66%
• Sector: Financials
• Industry: Asset Management

About: Principal Financial Group Inc is a financial services provider. It offers various financial products and services including retirement, asset management, and workplace benefits and protection solutions to individuals and institutional clients. The company, along with its subsidiaries, operates in the following reportable segments; Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection. Maximum revenue is generated from the Retirement and Income Solutions segment which provides workplace savings and retirement solutions, banking, trust and custodial services, individual variable annuities (including RILAs), pension risk transfer, and investment services to businesses, their employees, and other individuals.

Employees: 19,700

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

147% more call options, than puts

Call options by funds: $21.5M | Put options by funds: $8.69M

50% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 3 (+1) [Q4]

18% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 78

1.83% more ownership

Funds ownership: 69.24% [Q3] → 71.07% (+1.83%) [Q4]

0% more funds holding

Funds holding: 772 [Q3] → 774 (+2) [Q4]

1% less repeat investments, than reductions

Existing positions increased: 267 | Existing positions reduced: 269

9% less capital invested

Capital invested by funds: $13.8B [Q3] → $12.6B (-$1.17B) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $65 11% downside
• Avg. target: $82 11% upside
• High target: $95 29% upside

6 analyst ratings

• positive: 1 17%
• neutral: 2 33%
• negative: 3 50%

Barclays Alex Scott 42% 1-year accuracy 40 / 95 met price target	3% upside $76	Underweight Maintained	11 Apr 2025
Wells Fargo Elyse Greenspan 53% 1-year accuracy 60 / 114 met price target	7% downside $68	Underweight Maintained	10 Apr 2025
Morgan Stanley Bob Huang 72% 1-year accuracy 13 / 18 met price target	11% downside $65	Underweight Maintained	10 Apr 2025
UBS John Nadel 50% 1-year accuracy 2 / 4 met price target	27% upside $93	Neutral Maintained	2 Apr 2025
Piper Sandler John Barnidge 43% 1-year accuracy 20 / 47 met price target	29% upside $95	Overweight Maintained	2 Apr 2025