Kamal Bhatia Acquires Shares in Principal Financial Group

On June 26, 2026, Kamal Bhatia, the President and CEO of Principal Asset Management, purchased 430 shares of Principal Financial Group, Inc. (NasdaqGS: PFG). This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at Principal Financial Group, Inc.

Kamal Bhatia's recent acquisition of 430 shares wasn't the only insider activity at Principal Financial Group. On the same day, several other insiders made purchases. Joel Pitz, EVP & CFO, bought 236 shares, while Kathleen Kay, EVP-Chief Information Officer, acquired 398 shares. Alfredo Rivera made two separate purchases totaling 142 shares, Scott Mills bought 253 shares, and Blair Pickerell added 281 shares to his holdings. None of these transactions were part of a Rule 10b5-1 trading plan.

Principal Financial Group, Inc. Stock Down 3.3%

Shares of Principal Financial Group, Inc. traded near $108.51 on Tuesday. The company's market capitalization stands at approximately $23.28 billion, with a P/E ratio of 15.46 and a forward P/E of 10.56. The stock has seen a 52-week low of $75.00 and a high of $112.45. Its 50-day moving average is $103.11, and the 200-day moving average is $91.42. Principal Financial has a current ratio of 1.53, a quick ratio of 0.32, and a debt-to-equity ratio of 33.62.

Analysts Set New Price Targets

Analysts have varying opinions on Principal Financial Group. On June 24, 2026, Piper Sandler maintained a 'buy' rating with a $125 price target. However, B of A Securities downgraded the stock to 'sell' with a $95 target on the same day. Morgan Stanley previously maintained a 'hold' rating with a $107 target on May 21, 2026. The overall consensus from 12 analysts is a 'hold' rating, with a mean target price of $102.25.

About Principal Financial Group

Principal Financial Group, Inc. is a global financial services company based in Des Moines, Iowa. It provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients. The company operates through several segments, including Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection. Founded in 1879, Principal Financial Group is led by CEO Deanna Dawnette Strable-Soethout and employs around 19,700 people.

Bottom Line

Kamal Bhatia's recent share purchase highlights ongoing insider interest in Principal Financial Group. Investors often track insider transactions for potential insights into a company's prospects. However, it's important to note that such filings are backward-looking and may not reflect current positions or future intentions.