Principal Financial Group EVP & CFO Joel Pitz Buys Shares

Joel Pitz, the Executive Vice President and Chief Financial Officer of Principal Financial Group, Inc. (NasdaqGS:PFG), purchased 236 shares of the company on June 26, 2026. This move was not part of a pre-planned trading program. Shares of Principal Financial Group traded near $108.51 on Tuesday.

Insider Buying and Selling at Principal Financial Group, Inc.

On June 26, 2026, several insiders at Principal Financial Group made stock purchases. Joel Pitz, EVP & CFO, bought 236 shares. Additionally, Alfredo Rivera acquired 117 shares, and Kathleen Kay, EVP-Chief Information Officer, purchased 398 shares. Other insiders, including Scott Mills and Blair Pickerell, also bought shares, with transactions not part of any pre-arranged plans.

Other Institutional Activity in Principal Financial Group

Among institutional investors, BlackRock, Inc. reduced its stake by 91,763 shares, leaving it with 20,322,358 shares valued at about $1.83 billion, a 0.4% decrease. Nippon Life Insurance Co maintained its position with 18,137,000 shares worth approximately $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. State Street Corp cut its holdings by 329,518 shares, a 3.1% decrease, ending with 10,179,842 shares valued at $917.3 million. Bank of America Corp increased its stake by 420,319 shares, a 5.0% rise, bringing its total to 8,819,452 shares worth $794.7 million.

Principal Financial Group, Inc. Stock Down 3.3%

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

Recent Earnings

Principal Financial Group reported revenues of $15.46 billion, with a revenue growth decline of 4.5%. The company achieved an earnings per share (EPS) of $6.97. Its net margin is 10.1%, and return on equity (ROE) is 13.39%. The next earnings report is scheduled for 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%.

Analysts Set New Price Targets

On June 24, 2026, Piper Sandler maintained its buy rating with a $125 price target. B of A Securities downgraded the stock to sell, setting a $95 target. Morgan Stanley retained a hold rating with a $107 target on May 21, 2026. The consensus among analysts is a hold, with an average target price of $102.25 based on 12 analyst opinions.

About Principal Financial Group

Principal Financial Group, Inc., headquartered in Des Moines, Iowa, provides a range of financial products including retirement, asset management, and insurance services to clients worldwide. The company operates through segments such as Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection. Founded in 1879, it employs around 19,700 people and is led by CEO Ms. Deanna Dawnette Strable-Soethout.

Bottom Line

Insider buying activity at Principal Financial Group, including the purchase by EVP & CFO Joel Pitz, reflects ongoing interest in the company's stock. Investors often watch such transactions for potential signals. Shares traded at $108.51 on Tuesday, and the company maintains a solid market position with diverse financial services. Remember, insider transactions are disclosed after the fact and may not indicate future performance.