Principal Financial Group Insider Buying: Friedrich Acquires Shares
Amy Christine Friedrich buys 599 shares of Principal Financial Group, signaling confidence in the company.
Key Points
- On June 26, 2026, Amy Christine Friedrich, President at Principal Financial Group, bought 599 shares of PFG.
- Principal Financial Group has a market cap of $23.28 billion and a P/E ratio of 15.46, with shares trading near $108.51 on Tuesday.
- Analysts have mixed opinions on PFG, with Piper Sandler maintaining a buy rating and B of A Securities downgrading to sell.
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On June 26, 2026, Amy Christine Friedrich, who serves as President of Benefits & Protection at Principal Financial Group, Inc. (NasdaqGS: PFG), purchased 599 shares of the company. This insider buying activity wasn't part of a prearranged trading plan, suggesting a personal vote of confidence in the firm's prospects.
Insider Buying and Selling at Principal Financial Group, Inc.
The purchase by Amy Christine Friedrich wasn't the only insider activity at Principal Financial Group. On the same day, Joel Pitz, the Executive Vice President and CFO, acquired 236 shares. Other insiders, including Kathleen Kay, the EVP-Chief Information Officer, and Alfredo Rivera, also bought shares, further indicating a positive sentiment from the company's leadership.
Principal Financial Group, Inc. Stock Down 3.3%
Shares of NasdaqGS:PFG traded near $108.51 on Tuesday. Principal Financial Group, Inc. has a market capitalization of approximately $23.28 billion and a P/E ratio of 15.46. Its forward P/E stands at 10.56, suggesting expectations of growth. The stock's 52-week range is between $75.00 and $112.45, with a 50-day moving average of $103.11 and a 200-day moving average of $91.42. The company's financial health is supported by a current ratio of 1.53, although its quick ratio is relatively low at 0.32.
$PFG stock price
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Analysts Set New Price Targets
Analysts have recently adjusted their views 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. The consensus recommendation for PFG is to hold, with a mean target price of $102.25 based on 12 analyst opinions.
About Principal Financial Group
Principal Financial Group, Inc., headquartered in Des Moines, Iowa, is a major player in the financial services sector. The company provides a range of products and services, including retirement solutions, asset management, and insurance offerings. It operates through segments like Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection. Founded in 1879, Principal Financial Group serves clients globally, with Ms. Deanna Dawnette Strable-Soethout as its CEO and approximately 19,700 employees.
Bottom Line
The recent insider buying by Amy Christine Friedrich and other executives at Principal Financial Group suggests confidence in the company's future. As a significant player in the asset management and insurance industry, investors closely watch such moves. However, it's important to remember that insider activity alone doesn't predict stock performance. This transaction, like others disclosed in Form 13F filings, reflects a snapshot in time and may not represent current positions.
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