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Principal Financial (PFG) Company Profile

Updated Jun 2, 2020
Principal Financial has the following business profile:
Company's Full Name:Principal Financial Group
Short Name:Principal Financial
Trading Ticker Symbol:PFG
Primary Exchange:NYSE
Headquarter City/Country:Des Moines, Iowa
Primary Industry Sector:Finance
Seconday Sub-sector:Accident and Health Insurance
Main Business Areas: Finance, Accident and Health Insurance, Financial Services, Life Insurance, S&P 500
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Principal Financial stock

Market and Trading Information for Principal Financial

The following details were available for trading and market data about the stock of Principal Financial as of writing:
Current Share Price:$39.71
Previous Year's Closing Price:$55
Percentage Price Change (YTD):-27.8%
Market Cap:$10.88 billion
52-week Price Range:$23.31 - $60.81
Dividend Per Share:$2.2
EPS (TTM):4.47
Price-Earnings (Trailing):8.88
Price-Earnings (Forward):7.02

Company Profile and Business Description for Principal Financial

Principal Financial Group, Inc., incorporated on April 18, 2001, is an investment management company. The Company offers a range of financial products and services, including retirement, asset management and insurance. The Company's segments include Retirement and Income Solutions; Principal Global Investors, Principal International; U.S. Insurance Solutions, and Corporate. The Company focuses on small and medium-sized businesses, providing a range of retirement and employee benefit solutions, and individual insurance solutions to meet the needs of the business owners and their employees. The Company offers services to businesses, individuals and institutional clients.

Retirement and Income Solutions Segment

The Company offers a portfolio of products and services for retirement savings and retirement income. To businesses of all sizes with a focus on small and medium-sized businesses, it offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit pension plans, non-qualified executive benefit plans and employee stock ownership plan (ESOP) services and full service payout services. It offers SIMPLE Individual Retirement Accounts (IRA) and payroll deduction plans. To large institutional clients, it also offers investment-only products, including investment only guaranteed investment contracts (GICs). To employees of businesses and other individuals, the Company offers the ability to accumulate savings for retirement and other purposes through mutual funds, individual annuities and bank products.

The Company organizes its Retirement and Income Solutions operations into two business groupings: Retirement and Income Solutions-Fee, which includes full service accumulation, trust services and individual variable annuities, and Retirement and Income Solutions-Spread, which includes individual fixed annuities, investment only, full service payout and banking services. It delivers both administrative and investment services to its defined contribution plan and defined benefit plan customers through annuity contracts, collective investment trusts and mutual funds. Its mutual fund service platform is called Principal Advantage, a plan service package based on its series mutual fund, Principal Funds, Inc. (PFI). It offers investments covering the full range of stable value, equity, fixed income, real estate and international investment options managed by its Principal Global Investors segment, as well as third party asset managers. In addition, full service accumulation offers plan sponsors trust services through an affiliated trust company. Its individual variable deferred annuities provide customers with the flexibility to allocate their deposits to mutual funds managed by the Principal Global Investors segment or unaffiliated third party asset managers.

The Company's individual fixed deferred annuities consist of both single premium deferred annuity contracts and flexible premium deferred annuity contracts (FPDAs). It also offers a fixed deferred annuity where the interest credited is linked to an external equity index, subject to maximum and minimum values. The Company's individual fixed income annuities consist of single premium immediate annuity contracts (SPIAs) and deferred income annuity contracts (DIAs). SPIAs and DIAs are products where the customer pays a premium in return for periodic benefit payments. The Company provides investment only services for GICs and funding agreements. It offers full service payout products, which respond primarily to the needs of pension plan sponsors in the form of single premium group annuities, which are immediate or deferred annuities that provide a current or future specific income amount, fully guaranteed by it. The Company's subsidiary, Principal Bank, offers IRAs, which provide Federal Deposit Insurance Corporation (FDIC)-insured retirement solutions for its customers.

Principal Global Investors Segment

The Company's Principal Global Investors segment manages assets for investors around the world. The Company focuses on providing services to its other segments in addition to its retail mutual fund and third party institutional clients. The Company delivers its products and services through its network of specialized investment groups and boutiques, including Principal Global Equities; Principal Global Fixed Income; Aligned Investors; Principal Real Estate Investors, LLC; Principal Enterprise Capital, LLC; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Morley Financial Services, Inc.; Macro Currency Group; Finisterre Capital LLP; Origin Asset Management LLP, and Principal Portfolio Strategies. The Company offers mutual funds to individuals, businesses and institutional investors for use within variable life contracts, variable annuity contracts and employer-sponsored pension plans, as a rollover investment option and for general investment purposes. It also maintains various other domestic and global fund platforms, separately managed accounts and segregated accounts for institutional and retail investors.

The Company's multi-boutique strategy is diversified across various primary asset classes and service delivery options, including Equity Investments, Fixed Income Investments, Alternative Investments and Principal Portfolio Strategies. Products offered by the Principal Global Investors segment include individually managed accounts, separately managed accounts for high net worth individuals and fund platforms for retail and institutional investors, such as Principal Funds, Inc (PFI), Principal Variable Contracts Funds, Inc and Other Principal Global Investors Funds. PFI is a series mutual fund.

As of December 31, 2016, PFI offered 84 investment options for defined contribution plans, individuals, institutional investors, advisor fee-based programs and other retirement plan clients. Principal Variable Contracts Funds, Inc. is a series mutual fund that provides investment options for variable annuity and variable life insurance contracts issued by the Principal Life Insurance Company (Principal Life) and other insurance companies not affiliated with Principal Life. Principal Global Investors maintains various fund platforms, including Qualifying Investor Alternative Fund and Undertaking for Collective Investment in Transferable Securities funds domiciled in Dublin, Collective Investment Trusts, Business Trusts and other boutique sponsored funds.

Principal International Segment

The Company's Principal International segment has operations in Latin America and Asia. The Company offers pension accumulation products and services, mutual funds, asset management, income annuities and life insurance accumulation products. In Brazil, it offers a range of pension accumulation and income annuity products through a co-managed joint venture, Brasilprev Seguros e Previdencia S.A. It offers mutual fund and asset management services through Claritas Administracao de Recursos Ltda., a mutual fund and asset management company. In Chile, it offers pension accumulation and income annuity products, and also mutual fund, asset management services and life insurance accumulation products. The Company offers mandatory employee-funded pension and voluntary savings plans through Administradora de Fondos de Pensiones Cuprum S.A. (Cuprum). The Company offers income annuity and life insurance accumulation products through Principal Compania de Seguros de Vida Chile S.A., its life insurance company. The Company offers voluntary savings plans and mutual funds through Principal Administradora General de Fondos S.A., its mutual fund company. The Company offers asset management services through Principal Asset Management Chile S.A.

In China, the Company offers mutual funds and asset management services to individuals and institutions through a joint venture, CCB Principal Asset Management Co., Ltd. In Hong Kong SAR, it offers both pension saving and mutual fund products to corporate and retail clients through its subsidiaries. The Company's schemes include Mandatory Provident Fund (MPF) and Occupational Retirement Schemes Ordinance (ORSO). The Company sells mutual funds to retail customers seeking to accumulate assets for retirement and other long-term investment needs. In India, it offers mutual funds and asset management services to both retail and corporate customers through its joint venture, Principal Pnb Asset Management Company Private Limited. In Mexico, it offers pension accumulation, mutual funds, income annuities and asset management services through its companies. The Company offers mandatory pension plans through Principal Afore, S.A. de C.V. and Principal Grupo Financiero. The Company offers mutual funds and asset management services through Principal Fondos de Inversion, S.A. de C.V., Operadora de Fondos de Inversion and Principal Grupo Financiero. In Southeast Asia, it offers mutual funds, asset management services and pension accumulation products through its joint venture, CIMB-Principal Asset Management Berhad (CPAM).

U.S. Insurance Solutions Segment

The Company's U.S. Insurance Solutions segment provides group and individual insurance solutions. It focuses on providing insurance solutions for small and medium-sized businesses and their owners and executives. It organizes its operations into divisions, including Specialty Benefits Insurance and Individual Life Insurance. Specialty benefits insurance, which includes group dental, vision, life and disability insurance and individual disability insurance, is a component of the employee benefit offering at small and medium-sized businesses. It offers traditional employer sponsored and voluntary products for group dental, vision, life and disability. It also offers group dental, vision and disability on a fee-for-service basis. Its individual disability insurance is also sold on an individual or multi-life basis. Its group dental and vision insurance plans provide partial reimbursement for dental and vision expenses. Its group life insurance provides coverage to employees and their dependents for a specified period. It sells traditional group life insurance that does not provide for accumulation of cash values on both an employer paid and voluntary basis. Its group disability products include both short-term and long-term disability, offered on both an employer paid and voluntary basis. In addition, it provides disability management services, also called rehabilitation services, to assist individuals in returning to work following disability. It also offers voluntary critical illness insurance, which provides a lump-sum cash benefit to pay for additional expenses associated with common critical illnesses.

Its individual disability insurance products provide income protection to the insured member and/or business in the event of disability. In addition to income replacement, it offers products to pay business-related costs, such as overhead expenses for a disabled business owner, buy-out costs for business owners purchasing a disabled owner's interest in the business, expenditures for replacement of a key person and business loan payments. It also offers a product to protect retirement savings in the event of disability. It specializes in providing solutions for small to medium-sized companies to protect against risk and loss, assist with succession planning and wealth transfer and to build and protect wealth for retirement. It also provides solutions to meet the personal needs of business owners, executives and individuals. Its products include Universal and Variable Universal Life Insurance and Traditional Life Insurance. Universal and variable universal life insurance products offer the policyholder the option of adjusting both the premium and the death benefit amounts of the insurance contract. Traditional life insurance includes participating whole life, adjustable life products and non-participating term life insurance products.

711 High St

ETFs Holding Principal Financial Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Principal Financial stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Principal Financial stock holding. There are a total of 159 ETFs in records which are holding Principal Financial stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
No. of
ACWIiShares MSCI ACWI ETFThe iShares MSCI ACWI ETF tracks a market-cap-weighted index of large- and midcap global stocks, covering 85% of the developed and emerging markets capitalization. ...Full Details ...Candlestick Patterns.0.32%1596
Full List
AMCAiShares Russell 1000 Pure US Revenue ETFThe iShares Russell 1000 Pure US Revenue ETF tracks a market-cap-weighted index of large- and midcap US stocks that generate a substantial portion of their revenue from domestic sales. ...Full Details0.15%409
Full List
CATHGlobal X S&P 500 Catholic Values ETFThe Global X S&P 500 Catholic Values ETF tracks an index of US large-cap stocks selected from the S&P 500. The cap-weighted index omits companies from certain industries at odds with Catholic values. ...Full Details0.29%464
Full List
CRBNiShares MSCI ACWI Low Carbon Target ETFThe iShares MSCI ACWI Low Carbon Target ETF tracks an index of stocks from global firms selected for a bias toward lower carbon emissions, but with tight constraints to the broad, marketlike ACWI index. ...Full Details0.2%1204
Full List
CSMProshares Large Cap Core PlusThe ProShares Large Cap Core Plus ETF tracks a long/short index of the 500 largest US stocks. It uses a set of rules to assign weights to each equity that add up to 130% long and 30% short exposure. ...Full Details0.45%320
Full List
DEWWisdomTree Global Equity Income FundThe WisdomTree Global High Dividend ETF tracks an index of the top 30% of global dividend-paying stocks ranked by dividend yield and weighted by dividends. ...Full Details0.58%660
Full List
DGROiShares Core Dividend Growth ETFThe iShares Core Dividend Growth ETF tracks an index of US stocks that are selected by dividends, dividend growth and payout ratio, then weighted by dividend dollars. ...Full Details0.08%449
Full List
DHSWisdomTree US High Dividend FundThe WisdomTree U.S. High Dividend Fund tracks a dividend-weighted index of high-dividend-paying US companies. The index excludes companies with a market cap of less than $200 million. ...Full Details0.38%438
Full List
DIVBiShares US Dividend and Buyback ETFThe iShares US Dividend and Buyback ETF tracks an index of large-, mid-, and small-cap US stocks that have a history of dividend payments and/or share buybacks. ...Full Details0.25%354
Full List
DLNWisdomTree US LargeCap Dividend ETFThe WisdomTree U.S. LargeCap Dividend Fund tracks a dividend-weighted index of the 300 largest US companies that pay regularly pay cash dividends. ...Full Details0.28%294
Full List

See Full List of ETFs holding Principal Financial stock in their respective portfolios.

Peer / Competitor Companies of Accident and Health Insurance Sector

Along with Principal Financial Group, the following other peer (competitor) companies also exist within the same Accident and Health Insurance - Finance sector whose company profile and dividend history is as follows:

▶ AFLAC (AFL): Aflac Incorporated, incorporated on April 27, 1973, is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, ....See Detailed Company Profile,  Dividend History

▶ Assurant (AIZ): Assurant, Inc., through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific. The company operates throu....See Detailed Company Profile,  Dividend History

▶ CNO Financial (CNO): CNO Financial Group, Inc., through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income ....See Detailed Company Profile,  Dividend History

▶ Triple-S Management (GTS): Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare, and Medicaid markets in Puerto Rico, the United States....See Detailed Company Profile,  Dividend History

▶ Unum (UNM): Unum Group, incorporated on March 22, 1995, is a provider of financial protection benefits in the United States and the United Kingdom. The Companys products include disability, life, accident, critical ....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Accident and Health Insurance Sector.

Stock List of Other Finance Sub-sectors

▶ Stocks of Accident and Health Insurance Sector

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Stock List of Other Top-level Sectors

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