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Principal Financial Group Inc - PFG STOCK NEWS

Welcome to our dedicated news page for Principal Financial Group (Ticker: PFG), a resource for investors and traders seeking the latest updates and insights on Principal Financial Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Principal Financial Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Principal Financial Group's position in the market.

Rhea-AI Summary
Principal Financial Group® (PFG) raises first quarter 2024 common stock dividend and announces a new $1.5 billion share repurchase authorization. The company reported full year 2023 net income of $623 million and a loss of $872 million in the fourth quarter. Non-GAAP operating earnings for 2023 were $1,603 million, with a dividend increase to $0.69 per share. Assets under management were $695 billion, with an outlook of 9-12% annual earnings growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
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earnings
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Rhea-AI Summary
Principal Financial Group® is hosting a public event at its global headquarters in Des Moines to celebrate International Women’s Day. The event will feature a conversation with authors Shaunna J. Edwards and Alyson Richman, discussing women’s relationships, bridge building, and resilience to inspire social good and inclusion. Principal is committed to valuing women and expanding access, celebrating the resourcefulness and camaraderie of women, and highlighting their important role in society. The event will take place on Thursday, March 7, and will include a discussion with the authors, followed by a reception and book signing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
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conferences
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Rhea-AI Summary
Principal Financial Group (PFG) CEO Dan Houston will participate in a fireside chat at the Bank of America Financial Services Conference, covering industry and company topics on February 21, 2024. The event will be available via live video webcast on principal.com/investor.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.24%
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conferences
Rhea-AI Summary
Principal Asset Management has achieved a significant milestone, reaching $2 billion in borrower commitments through its direct lending business. The investment team has completed over 115 transactions as of December 31, 2023, and has surpassed $2 billion in total borrower commitments since its inception in July 2020. This achievement reflects the company's long-term strategy of offering flexible financing solutions in the middle market direct lending industry. The team focuses on privately negotiated debt transactions with sponsor-backed and non-sponsored lower and middle-market companies throughout North America, targeting transactions of $25 million to $200 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
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Rhea-AI Summary
Principal Financial Group welcomes Pi515 to its global headquarters through a lease providing the Des Moines tech-focused nonprofit in-kind office space. This move demonstrates Principal's commitment to expanding access and adding youthful energy to the downtown core. Pi515 will operate rent-free, allowing them to focus financial resources on their mission and provide a well-equipped space to help prepare students for career opportunities in the emerging digital workforce.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
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Rhea-AI Summary
Principal Financial Group (Nasdaq: PFG) announces retirement of Pat Halter after 40 years with the company and the appointment of Kamal Bhatia as the incoming president and CEO of Principal Asset Management, effective February 10, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.04%
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Rhea-AI Summary
Principal Financial Group (PFG) and the Los Angeles Athletic Club Announce New Presenting Sponsorship for Collegiate Basketball Players
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
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Rhea-AI Summary
Principal Financial Group (PFG) reports changing retirement views and priorities among employees as more Americans turn 65 in 2024 than any year before.
Rhea-AI Impact
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End-of-Day
0.5%
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Rhea-AI Summary
Principal Financial Group (PFG) will release its Q4 and full year 2023 financial results and outlook for 2024 on February 12, 2024, followed by a conference call on February 13, 2024. Dan Houston, chairman, president, and CEO, and Deanna Strable, EVP and CFO, will discuss the results and outlook. The earnings release, financial supplement, and slides will be available at investors.principal.com. The conference call can be accessed via live webcast or telephone, with a replay available on the website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.8%
Tags
earnings
Rhea-AI Summary
Principal Asset Management has been named a Best Place to Work in Money Management among the largest employers by Pensions & Investments for the 12th consecutive year. With approximately $506.9 billion in total assets under management, Principal Asset Management is the 27th largest manager of institutional assets in the world. The recognition highlights the company's commitment to the employee experience and positive culture.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
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Principal Financial Group Inc

Nasdaq:PFG

PFG Rankings

PFG Stock Data

18.98B
235.16M
0.77%
71.88%
1.48%
Direct Life Insurance Carriers
Finance and Insurance
Link
US
Des Moines

About PFG

principal financial group® helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. our employees are passionate about helping clients of all income and portfolio sizes achieve their goals – offering innovative ideas, investment expertise and real-life solutions to make financial progress possible. to find out more, visit us at principal.com. the principal is an affirmative action and equal opportunity employer and an e-verify participant. all qualified applicants will receive consideration for employment without regard to of age, race, color, religion, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic characteristics, sexual orientation, marital status, domestic partner status, military status, protected veteran status, disability status or any other characteristic protected by law.