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Des Moines, Iowa-based Principal Financial Group, Inc. (PFG) provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. With a market cap of $17 billion, the company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments.
Companies worth $10 billion or more are typically referred to as "large-cap stocks." PTC fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the asset management industry. PFG benefits from being a leader in global investment management and focusing on small and medium-sized businesses by offering a broad array of retirement and employee benefit solutions and individual insurance solutions.