Reading the tape
NASDAQ: PFG
Principal Financial Group, Inc.
Financial Services · Insurance - Diversified
Market Cap
$21.71B
52w High
$103.00
52w Low
$75.00
P/E
14.28
Volume
739.19K
Outstanding Shares
216.01M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: 27.47%Revenue (TTM): -1.98%FCF (TTM): -26.31%P/FCF: 82nd pct
What changed
The stock rose 27.47% over the last year. Revenue declined 1.98% over the trailing twelve months. Operating margin moved from 8.19% to 12.36%. Free cash flow declined 26.31% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 12.36%. A decisive move in revenue — currently down 1.98% — would be the clearest signal to resolve the ambiguity.
Company profile
Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.
CEODeanna Dawnette Strable-Soethout
SectorFinancial Services
IndustryInsurance - Diversified
Employees19,700
IPO dateOct 23, 2001
Valuation
Forward P/E—
EV/EBITDA11.64
Enterprise value$19.43B
Price / Book1.83
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth-4.51%
Gross margin48.68%▼0.89%vs FY2024
Operating margin12.36%▼22.66%vs FY2024
ROE9.97%▼29.63%vs FY2024
Analyst consensus
RatingHold
Target price$94.50▼5.97%
5
Buy
15
Hold
5
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 27, 2026
Q3 FY26 · EPS est $2.32 · Revenue est $4.12B
View
Dividends
$3.19/shareQuarterlyDividend Achiever · 13yrEx-div Jun 1, 2026 · in 23dSafePFG pays a dividend with a 3.17% declared yield, 13 consecutive years of growth, growing at 6.85% annually, covered 6.5× by free cash flow.
Declared Yield
3.17%
Annual Div / Share
$3.19
5yr CAGR
+6.85%
Doubles every ~10.5yr
Payout Ratio
44.42%
Safe
Dividend Growth Rate
3yr CAGR
+7.61%
5yr CAGR
+6.85%
10yr CAGR
+7.62%
Dividend Safety
9/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$3.19+7.8%
2025$2.96+8.8%
2024$2.72+6.2%
2023$2.56+0.4%
2022$2.55+11.4%
2021$2.29+3.2%
2020$2.22+3.3%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$32/yr
$3/mo
In 5 yrs
$44/yr+39%
$4/mo
In 10 yrs
$62/yr+94%
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$32/yr $3/mo | $44/yr+39% $4/mo | $62/yr+94% $5/mo |
Yield-on-cost grows from 3.17% → 6.16% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
PFG has raised its dividend for 13 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 6.5× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 6.85% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.