|Bid||0.00 x 1200|
|Ask||0.00 x 1000|
|Day's Range||53.64 - 54.49|
|52 Week Range||40.42 - 61.12|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||10.16|
|Forward Dividend & Yield||2.20 (4.09%)|
|1y Target Est||N/A|
Principal Financial Group® (PFG) announced today that Jonathan S. Auerbach, executive vice president, chief strategy, growth and data officer of PayPal Holdings, Inc., has been elected to the Principal Board of Directors, effective September 15, 2019. “Jonathan brings more than 25 years of global business insight and leadership experience to this appointment,” said Dan Houston, chairman, president and chief executive officer of Principal®. Auerbach, 56, joined PayPal in 2015 and has held various executive management positions.
Taking the best of human-centered design and holistic participant experience, Principal Financial Group® has launched a new mobile app to retirement plan customers. The newly designed app is the latest in a string of customer experience enhancements, including the launch of ARAG will preparation services, educational content, HSA account integration and an Amazon Alexa Flash Briefing skill to share financial tips. “The app has the transactional excellence that people expect, coupled with moments of education and celebration to help our customers build confidence.
Principal Financial Group® today announced that Scott Boyd has joined the company as Head of Sales for Workplace Savings and Retirement Solutions in the Retirement and Income Solutions division, effective August 12, 2019. “I couldn’t be more pleased to welcome Scott to Principal.
PURCHASE, N.Y. and JOHANNESBURG, July 19, 2019 /PRNewswire/ -- PepsiCo, Inc. (PEP) ("PepsiCo") today announced that it has entered into an agreement to acquire all the outstanding shares of Pioneer Foods Group Ltd. (PFG) ("Pioneer Foods") for R110.00 per share in cash (approximately US $1.7 billion), which represents a 56% premium to the 30-day volume weighted average price prior to the cautionary announcement on July 15, 2019. Pioneer Foods has a robust, locally relevant product portfolio that complements PepsiCo's current lineup, with strong positions in cereals, juices, and other African nutritional food staples, including well-known, scaled brands like Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko, and White Star. At the same time, this acquisition will help PepsiCo gain a solid beachhead for expansion into Sub-Saharan Africa by boosting the company's manufacturing and go-to-market capabilities, enabling scale and distribution.
The Principal Financial Group® today announced that Beth Wood has joined the company as senior vice president and chief marketing officer (CMO), effective July 22, 2019. As CMO, Wood assumes overall responsibility of the Global Center for Brand and Insights which includes brand, market research, analytics and business intelligence, global firm relations and external communications. Most recently, Wood served as vice president and chief marketing officer of the individual businesses at Guardian Life Insurance.
Today, Principal Financial Group® (PFG) announced the closing of its acquisition of the Wells Fargo & Company (WFC) Institutional Retirement & Trust business. Principal® will now begin the integration of Wells Fargo’s defined contribution, defined benefit, executive deferred compensation, employee stock ownership plans, institutional trust and custody and institutional asset advisory businesses.
Principal Global Investors today announced the launch of its first interval fund, the Principal Diversified Select Real Asset (DSRA) fund, which primarily invests in private real assets, including infrastructure, natural resources, and real estate. “This launch reflects Principal’s commitment to meeting growing client interest and demand for products that offer access and exposure to diversifying private assets,” said Mike Beer, executive director of Principal Funds. Interval funds, which have grown to more than $27 billion in assets under management, provide investors with exposure to less liquid investments, while granting managers greater flexibility to invest in private, non-listed assets typically aligned with longer-term investment goals.
Today, Principal announced additions to its Retirement & Income Solutions leadership teams – bringing on-board top talent from Wells Fargo Institutional Retirement & Trust (Wells Fargo IRT) and establishing a unified team to lead the integrated organization in the future. “We are excited about the progress we are making toward closing this acquisition and thoughtfully integrating two very successful businesses and talented teams,” said Renee Schaaf, president of Retirement & Income Solutions.
Combines tailored services, broad digital capabilities, top-tier investment options, and competitive pricing to help drive positive retirement outcomes
AM Best has assigned a Long-Term Issue Credit Rating of “a-” to the $500 million, 3.70%, 10-year senior unsecured notes, due May 2029, issued by Principal Financial Group, Inc. .
The simulations have been run and the numbers have been crunched: annuities help improve retirement outcomes compared to investments alone. This is according to new research commissioned by Principal Financial Group® and conducted by Michael Finke, Ph.D., CFP®, and Wade Pfau, Ph.D., CFP®. The research looked at how retirees can use guaranteed income annuities to not only improve financial outcomes, but also increase confidence and reduce stress in retirement.
AM Best has commented that the Credit Ratings (ratings) of Principal Financial Group, Inc. [Nasdaq:PFG] (headquartered in Des Moines, IA) and its insurance subsidiaries (Principal) remain unchanged following the announcement that the company has signed a definitive agreement to acquire Wells Fargo’s Investment Retirement and Trust business. The transaction increases Principal’s U.S. retirement business’ assets under administration by approximately $820 billion from almost four million plan participants across retirement and non-retirement trust and custody, defined benefit and defined contribution accounts. AM Best notes that the acquired business will be held outside Principal’s domestic insurance operations upon transaction close with the expectation that this business will be transitioned through its domestic insurance entities over time.
Wells Fargo & Company (WFC) announced today that Wells Fargo Bank, N.A. has entered into an agreement with Principal Financial Group® (PFG) to sell its Institutional Retirement & Trust (IRT) business, which includes its retirement plan recordkeeping and administrative services (401(k) and pension plans), executive deferred compensation (non-qualified plans), institutional trust and custody and institutional asset advisory businesses. The transaction, which is expected to close early in the third quarter of 2019, subject to receipt of required regulatory approval, will create one of the largest retirement providers in the industry.
Definitive agreement includes Wells Fargo’s defined contribution, defined benefit, executive deferred compensation, employee stock ownership plans, institutional trust and custody and institutional asset advisory businesses. Today, Principal Financial Group® (PFG) announced a definitive agreement with Wells Fargo & Company (WFC) to acquire its Institutional Retirement & Trust business.
NEW YORK, March 27, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
Principal Financial Group® launched the Principal Guaranteed Option (PGO), a new addition to its suite of fixed income investment options focused on capital preservation and return. The Principal Guaranteed Option boasts a compelling crediting rate at 3.05%* while providing more choice and flexibility to advisors and plan sponsors as they determine a fixed income strategy for their retirement plan.
Principal has partnered with smart beta index provider Nasdaq Dorsey Wright to launch the all-ETF factor rotation model portfolio, which is comprised entirely of Principal’s US Equ
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of “aa-” of Principal Life Insurance Company and Principal National Life Insurance Company.
Building confidence starts with being educated. In an effort to encourage individuals to build a solid base of financial knowledge, Principal Financial Group® takes sharing their expertise up a notch with first-to-market, voice-activated financial wellness and retirement readiness education. When individuals enable the Principal® Flash Briefing skill and say, “hey Alexa, what’s my Flash Briefing?” they’ll hear quick retirement planning and financial tips spoken to them.
Principal Financial Group® announces that Deanna Strable, executive vice president and chief financial officer of Principal®, will present at the Bank of America Merrill Lynch 2019 Insurance Conference on Wednesday, Feb.