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Des Moines, Iowa-based Principal Financial Group, Inc. (PFG) provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. With a market cap of $17 billion, the company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments.
Companies worth $10 billion or more are typically referred to as "large-cap stocks." PTC fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the asset management industry. PFG benefits from being a leader in global investment management and focusing on small and medium-sized businesses by offering a broad array of retirement and employee benefit solutions and individual insurance solutions.
Despite its strengths, the stock has plunged 17.4% from its 52-week high of $91.97 touched on Oct. 17, 2024. Moreover, over the past three months, PFG stock has declined 8.7%, underperforming the iShares U.S. Insurance ETF’s (IAK) 3% fall during the same time frame.
PFG stock has declined 1.9% on a YTD basis, underperforming IAK’s 3.7% rise in 2025. Moreover, PFG has declined 3.1% over the past 52 weeks, underperforming IAK’s 15.4% surge.
To confirm its downturn, PFG has been trading mostly below its 200-day moving average since early April and below its 50-day moving average since the last trading session.
PFG stock grew 1.3% following the release of its Q1 earnings on Apr. 24. The financial services company posted adjusted revenue of $4.01 billion, beating Street forecasts. Additionally, its adjusted earnings for the quarter rose 9.7% year-over-year to $1.81 but failed to touch the consensus estimates by 2.2%.
Its rival, Raymond James Financial, Inc. (RJF), has outperformed the stock over the past year, with its shares surging 24.7% over the past 52 weeks and declining 4.5% in 2025.
Among the 14 analysts covering the PFG stock, the consensus rating is a “Hold.” Its mean price target of $82.38 suggests a modest 8.4% upside potential from current price levels.
