$PFG

A lawsuit filed against Principal Financial Group (PFG) alleges the company mismanaged its $4.59B 401(k) plan, favoring its own high-fee funds over cheaper alternatives, costing participants millions. The complaint claims Principal Life, a subsidiary, acted as a middleman, collecting excessive fees, and that proprietary funds underperformed competitors. The case seeks class certification and financial restitution for plan participants.

PRINCIPAL FINANCIAL GROUP INC (PFG) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01 Entry into a Material Definitive Agreement On September 9, 2026, Principal Financial Group, Inc. (the “Company”), Principal Financial Services, Inc., a wholly-owned subsidiary of the Company (“PFSI”), and Principal Life Insurance Company, a wholly-owned subsidiary of th

STRABLE-SOETHOUT DEANNA D (Chair, President and CEO) sold (to issuer) 55,140 shares of PRINCIPAL FINANCIAL GROUP INC (PFG) at $120.60 ($6.65M total) on 2026-09-03 under a Rule 10b5-1 trading plan.

Asset managers are launching new products to offer 401(k) participants access to private equity investments. Constitution Capital's Horizon CIT raised over $50 million, with commitments reaching $1 billion. Principal Financial Group expanded its program to include private market managers like Blackstone and KKR. Vestwell CEO Aaron Schumm notes that fees must decrease for these products to be viable in retirement plans. A Schroders survey shows increasing interest in private equity among 401(k) i

Principal Financial Group (PFG) has acquired Beam Benefits, expanding its digital benefits platform for small businesses. The deal adds Beam's dental and ancillary products to Principal's offerings, aiming to serve the small business market with scalable, digitally delivered employee benefits. Principal Financial Group has a market value of about $23.8 billion and focuses on retirement, asset management, and insurance products. The acquisition is part of its strategy to offer benefits solutions

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Samsung Life Insurance is in talks to acquire a 15% stake in Principal Financial Group (PFG) for $3.6B-$4.4B, potentially becoming its largest shareholder. PFG manages $808B in assets and serves 11.3M plan participants. Samsung Life seeks PFG's defined-contribution scale and alternative-investment capabilities. PFG's earnings could flow into Samsung Life's consolidated statements. Samsung Life is also bidding to acquire full control of Canopius.

Samsung's insurers, Samsung Fire & Marine and Samsung Life, are reportedly in talks for two major acquisitions: a $2bn deal to fully acquire Canopius, a Lloyd's specialty insurer, and a $3.6bn-$4.4bn stake in Principal Financial Group, a US retirement manager. These deals, if finalized, would be the largest outbound M&A by a Korean financial firm, driven by strong returns and strategic growth plans. Regulatory approvals are pending.

Principal Financial Group (PFG) expanded its Featured Partner Program to include major private-market managers, aiming to enhance its Retirement and Income Solutions business. The program offers diversified investment options, combining public and private assets, potentially attracting more retirement assets and improving long-term returns. PFG's shares have gained 39.9% in the past year, outperforming the industry.

Principal Financial Group (PFG) reported Q2 FY2026 earnings with non-GAAP net income up 23.8% YoY to $535M. Shares rose 1.7% post-earnings. PFG outperformed the S&P 500 and IAK ETF over the past year and YTD. Analysts have a consensus 'Hold' rating, with a mean price target of $110 and a Street-high target of $125. Raymond James raised its target to $121.