Principal Financial Stock Price, News & Analysis

Principal Financial Group (Nasdaq: PFG) has issued a strong recommendation against an unsolicited mini-tender offer from Potemkin Limited. The offer seeks to purchase up to 100,000 shares (approximately 0.0004%) of PFG's common stock at $51.70 per share, which is 34.91% below the June 30, 2025 closing price of $79.43.

Principal emphasizes that they are not associated with Potemkin and warns shareholders about the risks of mini-tender offers, which avoid SEC disclosure requirements by targeting less than 5% of shares. Shareholders who have already tendered their shares can withdraw them within 14 days of their Tender Form delivery, before the offer's expiration on September 30, 2025.

Principal Financial Group (NYSE:PFG) has announced the transfer of administrative responsibilities for Principal® EASE, its largest Pooled Employer Plan (PEP) by client count, to FuturePlan. The transition, effective July 1, aims to enhance Principal's recordkeeping and investment capabilities by leveraging FuturePlan's fiduciary and administrative expertise.

Principal, managing over $3.5 billion in total PEP assets, serves approximately 750 employers and 86,000 participants across four PEPs. Notably, 70% of Principal® EASE employers are first-time retirement plan providers, with three-quarters having 100 or fewer participants. This strategic move comes as the U.S. 401(k) market is projected to grow 66% by 2030, expanding from 600,000 to over one million plans.

Principal Financial Group (NYSE:PFG) has achieved a perfect score of 100 on the 2025 Disability Equality Index, earning recognition as one of the "Best Places to Work for Disability Inclusion" for the sixth consecutive year. The assessment evaluates companies across multiple categories including Culture & Leadership, Enterprise-Wide Access, Employment Practices, Community Engagement, and Supplier Inclusion.

Chief Human Resources Officer Lisa Coulson emphasized the company's commitment to creating an accessible and inclusive environment. The recognition coincides with the 35th anniversary of the Americans with Disabilities Act, highlighting Principal's ongoing dedication to disability inclusion initiatives.

Principal Financial Group (Nasdaq: PFG) has scheduled its second quarter 2025 financial results announcement. The company will release its earnings after U.S. markets close on Monday, July 28, 2025.

A conference call to discuss the results will be held on Tuesday, July 29, 2025, at 10 a.m. ET, led by President and CEO Deanna Strable and EVP/CFO Joel Pitz. The earnings release, financial supplement, and presentation slides will be available on the company's investor relations website. A replay of the call will also be accessible through the same platform.

Principal Financial Group (NYSE:PFG) has announced the successful completion of its global volunteerism initiative, surpassing its 145,000-hour goal with 157,657 volunteer hours served across more than 4,100 nonprofits and community organizations worldwide. This achievement marks a 50% increase in volunteer hours compared to the previous year.

The initiative, launched in July 2024 to celebrate Principal's 145th anniversary, generated over $2.3 million in employee-directed support for nonprofits through Principal Foundation's monetary donation program, which converts volunteer hours into charitable giving credits. Activities ranged from meal delivery services to financial education classes across global locations including Des Moines, Amsterdam, Singapore, and São Paulo.

Principal Asset Management has announced the rebranding of two Atlanta-area apartment communities: Gables Sugarloaf is now The Quinn Sugarloaf, and Dunwoody Gables is now The Cleo Dunwoody. The rebranding accompanies significant capital investments and planned renovations, including upgraded apartment interiors, new amenities, and modernized branding. Gables Residential will continue to manage both properties, maintaining operational continuity. The renovation work is scheduled for completion by early summer, with the ownership structure remaining unchanged. The initiative reflects Principal Asset Management's long-term confidence in the Atlanta market and their commitment to meeting modern renter expectations.

Principal Financial's latest Well-Being Index reveals a significant decline in U.S. business confidence, dropping to 6.02 out of 10 in H1 2025, the lowest since November 2020. The small-to-midsized business index fell 14% to 5.69, marking the steepest decline on record. Only 16% of employers believe the U.S. economy is growing, down 24 points from June 2024. Despite economic concerns, 56% report individual business growth, and 90% are maintaining or growing their workforce. Top concerns include inflation (55%), economic stability (55%), and recession fears (49%). Business optimism dropped to 36% from 59% in November 2024. Companies are focusing on operational efficiency and cost control measures while preserving staffing and benefits, with 95% affected by supply chain disruptions.

Principal Financial Group (Nasdaq: PFG) has appointed Joel Pitz as executive vice president and chief financial officer, effective immediately. Pitz, a 30-year veteran of Principal, succeeds Deanna Strable, who became president and CEO in January 2025. Prior to this appointment, Pitz served as senior vice president and controller, and interim CFO since August 2024. His previous roles include CFO for international businesses, overseeing global finance and strategy for emerging market operations, and chief accounting officer.

Deriva Energy has secured a $127 million debt financing for two operational energy projects. The financing, provided by Principal Asset Management and MetLife Investment Management, covers the 207 MW Ledyard Wind facility in Iowa and the 250 MW Pisgah Ridge Solar facility in Texas. Both facilities, operational since 2022, have long-term power purchase agreements with corporate buyers.

The deal represents Deriva's second financing arrangement with these firms since Brookfield's acquisition of Deriva in October 2023, following a $207 million transaction in October 2024. The financing was completed despite market challenges related to tariffs and international trade policy uncertainties.