$PFG

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.

Principal Financial Group loaned $32M to refinance Springnex Plaza, a 96,028-sq-ft shopping center in Queens. The center, developed by Mattone Investors, is 100% occupied and anchored by Stop & Shop. Northmarq arranged the transaction, citing strong occupancy and lender interest in such properties.

Price Forbes appointed Chris Harris managing director and head of US casualty, effective immediately, citing his underwriting and London, European, and Bermuda placement experience. The article notes US casualty rates are still hardening, with Marsh reporting a 7% US rate increase in Q2 2026 and 14 straight years of underwriting losses per Guy Carpenter. Price Forbes also expanded its Lectio cross-class follow facility to casualty lines, lifting premium scope to about $1.6B from $350M.

Friedrich Amy Christine (President - Benefits & Protect) sold (to issuer) 35,680 shares of PRINCIPAL FINANCIAL GROUP INC (PFG) at $113.80 ($4.06M total) on 2026-08-07 under a Rule 10b5-1 trading plan.

Principal Financial Group Inc filed a Form 144 notice of proposed sale under Rule 144. According to the filing, 35,680 shares of common stock are to be sold via Morgan Stanley Smith Barney LLC on 08/07/2026 on NASDAQ, with an aggregate market value of about $4.12 million. The shares were acquired through stock option exercise.

Premier Foods is consulting under South Africa’s Section 189 process on closing its Fruit Products Western Cape (FPWC) fruit canning plant in Tulbagh, saying it is no longer economically viable due to rising costs and weaker global demand. Producers warn closure could remove about half of South Africa’s canning capacity. Premier says it will pay 2025/26 balancing payments by end-October and intends to route future harvests via Langeberg Foods. Competition Commission is scrutinising.

From 1 Jan to 3 Aug, ASX-listed fund managers’ shares ranged from +8% (Pengana Capital Group) to -48% (MA Financial). Pengana reported $4bn AUM and launched AIX. Perpetual was down 1.1% amid EQT takeover bids and a Bain Capital sale. Private credit managers HMC Capital (-28%) and MA Financial (-48%) fell amid redemptions and regulatory scrutiny, while GQG lost 23% and reported $15bn outflows in H1.

Principal Financial Group reported 13% enterprise earnings growth and 200 bps margin expansion in Q2 2026, citing underwriting strength in Benefits and Protection and RIS fundamentals. It said transfer deposits rose 30% to $1.7B quarterly roll-ins, and international pension AUM hit $169B. Capital deployment guidance remains $1.5B to $1.8B, with specialty benefits loss ratios expected below 60% to 64% guidance.

Principal Financial Group (PFG) shares rose about 2.5% to around $114 after its Q2 2026 release. The article cites Q2 revenue of $3,905.8m (+6%), net income broadly flat, EPS $1.87 (+3%), and trailing net profit margin of 9.9% vs 7.5% a year earlier, with adjusted EPS up 17% on margin expansion of about 200 bps.