Carter Miller Jocelyn Buys Shares of Principal Financial Group, Inc.

Carter Miller Jocelyn made a move in the stock market by purchasing 669 shares of Principal Financial Group, Inc. (NasdaqGS: PFG) on June 26, 2026. This insider buy did not occur under a pre-planned trading arrangement, which can sometimes indicate a more spontaneous decision rather than a scheduled transaction.

Insider Buying and Selling at Principal Financial Group, Inc.

On June 26, 2026, several insiders at Principal Financial Group were active in the market. Carter Miller Jocelyn acquired 669 shares, while other executives like Joel Pitz, the EVP & CFO, bought 236 shares, and Kathleen Kay, the EVP-Chief Information Officer, purchased 398 shares. These transactions were not part of any pre-planned trading plans, suggesting they were opportunistic buys at the time.

Principal Financial Group, Inc. Stock Down 2.6%

Shares of Principal Financial Group traded at $108.51 on Tuesday. The company has a market capitalization of approximately $23.28 billion. Its price-to-earnings (P/E) ratio stands at 15.46, with a forward P/E ratio of 10.56, indicating expectations of future earnings growth. The stock's beta is 0.896, suggesting it is less volatile than the overall market. Over the past year, PFG's stock has ranged from $75.00 to $112.45, with a 50-day moving average of $103.11 and a 200-day moving average of $91.42.

Analysts Set New Price Targets

Analysts have recently revised their outlook on Principal Financial Group. On June 24, 2026, Piper Sandler maintained a buy rating with a price target of $125.00, while B of A Securities downgraded the stock to a sell with a target of $95.00. Morgan Stanley also maintained a hold rating on May 21, 2026, with a target of $107.00. The consensus among analysts is a hold, with an average target price of $102.25 based on 12 opinions.

About Principal Financial Group, Inc.

Principal Financial Group, Inc., headquartered in Des Moines, Iowa, provides a wide range of financial products and services. It operates through segments such as Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection. The company offers solutions for retirement planning, asset management, and insurance protection. With a workforce of approximately 19,700 employees, Principal Financial Group serves clients worldwide under the leadership of CEO Deanna Dawnette Strable-Soethout.

Bottom Line

Carter Miller Jocelyn's recent purchase of Principal Financial Group shares adds to a series of insider buys, indicating some confidence in the company's future. The stock is currently trading at a healthy valuation with a steady market presence. Analysts have mixed views, but the company's diversified financial services and strong fundamentals continue to attract investor interest. Remember, insider transactions are disclosed after the fact and may not reflect current positions.