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Headquartered in Des Moines, Iowa, Principal Financial Group, Inc. (PFG) is a global leader in financial services with a market cap of $18.79 billion. Specializing in retirement solutions, insurance, and asset management, Principal provides a wide range of financial products and services to individuals, businesses, and institutional clients worldwide. With a strong focus on helping customers achieve their financial goals, Principal combines innovative strategies with deep expertise to deliver comprehensive and reliable financial solutions across various markets.
Shares of PFG have significantly underperformed the broader market over the past year. The stock has gained 4.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 24.3%. Also, in 2024, PFG is up 2.6% compared to SPX’s 17.2% rise on a YTD basis.
