Scott Mills Buys Shares in Principal Financial Group, Inc.

Scott Mills recently bought 152 shares of Principal Financial Group, Inc. (NasdaqGS: PFG) at an average price of $107.75 per share. The transaction, dated June 26, 2026, was valued at $16,378.

Insider Buying and Selling at Principal Financial Group, Inc.

On June 26, 2026, several insiders at Principal Financial Group made stock purchases. Aside from Scott Mills, Joel Pitz, the EVP & CFO, acquired 236 shares. Kathleen Kay, the EVP-Chief Information Officer, bought 398 shares. Alfredo Rivera made two separate purchases totaling 142 shares, and Blair Pickerell added 281 shares to his holdings. These transactions were not part of any pre-planned trading programs.

Other Institutional Activity in Principal Financial Group

Institutional investors have also been active with Principal Financial Group. BlackRock, Inc. reduced its holdings by 91,763 shares, leaving it with 20,322,358 shares valued at approximately $1.83 billion, a slight 0.4% decrease. Nippon Life Insurance Co maintained its position with 18,137,000 shares worth about $1.63 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, with 13,474,208 and 11,264,834 shares respectively, valued at over $1.21 billion and $1.02 billion. Meanwhile, State Street Corp trimmed its stake by 329,518 shares, resulting in a 3.1% decrease, ending with 10,179,842 shares valued at around $917.3 million.

Principal Financial Group, Inc. Stock Down 3.3%

Shares of Principal Financial Group traded near $108.51 on Tuesday. The company has a market capitalization of $23.3 billion and a P/E ratio of 15.46. Its forward P/E stands at 10.56, and it has a beta of 0.896, indicating less volatility than the broader market. 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 maintains a current ratio of 1.53 and a quick ratio of 0.32, alongside a debt-to-equity ratio of 33.62.

Recent Earnings

Principal Financial Group reported revenue of $15.46 billion, although it experienced a small revenue decline of 4.5%. The company's net margin was 10.1%, with a return on equity of 13.4%. Its earnings per share were $6.97. The next earnings report is expected on July 27, 2026.

Dividend

Principal Financial Group offers an annual dividend rate of $3.28, yielding 3.04%. The dividend payout ratio is 44.91%, indicating a sustainable dividend policy.

Analysts Set New Price Targets

Analysts have mixed opinions on Principal Financial Group. On June 24, 2026, Piper Sandler maintained a 'buy' rating with a target price of $125.00, while B of A Securities downgraded the stock to 'sell' with a target of $95.00. The consensus among analysts is a 'hold' rating, with a mean target price of $102.25 based on 12 opinions.

About Principal Financial Group

Principal Financial Group, Inc., based in Des Moines, Iowa, provides a range of financial products and services. It operates through segments like Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection. These segments offer retirement plans, asset management, insurance products, and more. The company, led by CEO Ms. Deanna Dawnette Strable-Soethout, employs around 19,700 people globally.

Bottom Line

Scott Mills' recent purchase of Principal Financial Group shares adds to the insider activity at the company, reflecting ongoing interest. With a solid market position and a range of financial services, Principal remains a key player in the asset management industry. However, investors should note that the information reflects past decisions and may not indicate future performance.