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Based in Des Moines, Iowa, Principal Financial Group, Inc. (PFG) is a prominent global financial services provider specializing in retirement solutions, insurance, and asset management, offering a diverse portfolio of financial products and services to individuals, businesses, and institutional clients worldwide. Valued at a market cap of $20 billion, the company is committed to helping customers achieve their financial goals. Principal Financial leverages innovation and expertise to deliver reliable and comprehensive solutions across multiple markets.
Shares of PFG have underperformed the broader market over the past year. The stock has gained 21.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 31.8%. Also, in 2024, PFG is up 10.9% compared to SPX’s 25.8% rise on a YTD basis.