Principal Financial Group (PFG) has been consistently making headlines in the finance sector. Despite multiple analysis insisting that PFG may be underperforming in the financial sector, certain developments point towards a promising future. Mizuho Securities USA LLC recently acquired 6,128 shares bolstering the company's holdings. Similarly, the Preferred Asset Management raised $3.64 billion for their Data Center Growth & Income Fund, hinting towards an aggressive growth strategy. Other notable purchases were made by Brooklyn FI LLC and KLP Kapitalforvaltning AS. The Q3 and Q4 earnings of 2024 suggested strong Asset Under Management (AUM) growth but missed certain expectations. On another note, Principal partnered with PerfectQuote, serving more than 80,000 employers and also pledged $1M to the V Foundation in a fight against cancer. Despite facing a market value drop of US$683m, it seems to be mitigated by an annual return of 9.8%. One highlight was Principal being named one of the 2025 World's Most Ethical Companies by Ethisphere and it was also ranked #11 on America's JUST 100 List. Although PFG's outlook appears bullish, a prudent strategy would be to maintain a close eye on its performance.
Principal Financial Group PFG News Analytics from Tue, 16 Jul 2024 07:00:00 GMT to Sat, 29 Mar 2025 19:51:05 GMT -
Rating 4
- Innovation 7
- Information 6
- Rumor -3
