Key Developments: Principal Financial Group Inc (PFG)
37.22USD
24 May 2013
$-0.04 (-0.11%)
$37.26
$36.92
$37.23
$36.51
1,014,268
1,481,283
$38.60
$23.09
Latest Key Developments (Source: Significant Developments)
Principal Financial Group Inc Announces Preferred Dividend
Principal Financial Group Inc announced that Board Of Directors declared a cash dividend of $1.39075 per share on its 5.563% Series A non-cumulative perpetual preferred stock and a cash dividend of $0.407375 per share on its 6.518% Series B non-cumulative perpetual preferred stock. The preferred dividends are payable on July 1, 2013, to preferred stockholders of record as of June 13, 2013. Full Article
Principal Financial Group Inc Declares Common Stock Dividend
Principal Financial Group Inc announced that its Board Of Directors of $0.23 per share of common stock. The dividend will be payable on June 28, 2013 to shareholders of record as of June 3, 2013. Full Article
Nippon Life Insurance Company to Acquire Minority Stake in Principal Financial Group Inc's Subsidiary
Principal Financial Group Inc announced that its subsidiary Principal Global Investors, LLC has agreed to sell a minority stake in Post Advisory Group, LLC (Post) to Nippon Life Insurance Company. The transaction is expected to close in the second quarter of 2013. Full Article
Principal Financial Group Inc To Acquire Majority Stake In Liongate Capital Management
Principal Financial Group Inc announced an agreement to acquire a 55% stake in Liongate Capital Management (Liongate), a global alternative investment boutique based in London and New York focused on managing portfolios of hedge funds. Liongate has approximately USD2.1 billion in assets under management across a range of commingled funds and dedicated client portfolios. Its client base includes many of the world`s leading pension funds, insurance companies and sovereign wealth funds. Liongate is recognized for its dynamic approach to asset allocation and managed hedge solutions, which have delivered strong, long-term risk-adjusted returns to its blue-chip investor base. The Liongate partners will retain a 45% share and will manage Liongate within their current roles. The partners are reinvesting a significant share of their consideration into existing Liongate investment strategies. Full Article
Principal Financial Group Inc Completes Cuprum Acquisition
Principal Financial Group Inc announced that the AFP Cuprum S.A. (Cuprum) acquisition is complete. On October 8, 2012, The Principal announced a definitive agreement to acquire Cuprum, which required Empresas Penta S.A. and Inversiones Banpenta Limitada to sell their 63% ownership in Cuprum pursuant to a public tender offer that also included the remaining 37% of publicly traded shares, which has been completed giving The Principal a 90.4% ownership stake in Cuprum. The Principal intends to acquire the remaining shares after completion for a total purchase price of USD1.5 billion less assumed debt. Full Article
Principal Financial Group Inc Announces Preferred Dividend
Principal Financial Group Inc announced that its board of directors declared a cash dividend of $1.39075 per share on its 5.563% Series A non-cumulative perpetual preferred stock and a cash dividend of $0.407375 per share on its 6.518% Series B non-cumulative perpetual preferred stock. The preferred dividends are payable on April 1, 2013, to preferred stockholders of record as of March 14, 2013. Full Article
Principal Financial Group Inc Announces Common Stock Dividend
Principal Financial Group Inc announced that board of directors has declared a quarterly dividend of $0.23 per share of common stock, an increase of 10% over the fourth quarter 2012 dividend. The dividend will be payable on March 29, 2013 to shareholders of record as of March 11, 2013. Full Article
Principal Financial Group Inc Issues FY 2012 EPS Guidance Above Analysts' Estimates-Conference Call
Principal Financial Group announced that for fiscal 2012, it expects operating earnings per diluted share (EPS) to range from $2.95 to $3. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.65 for fiscal 2012. Full Article
Principal Financial Group Inc Announces Preferred Dividend
Principal Financial Group Inc announced that its board of directors declared a cash dividend of $1.39075 per share on its 5.563% Series A non–cumulative perpetual preferred stock and a cash dividend of $0.407375 per share on its 6.518% Series B non-cumulative perpetual preferred stock. The preferred dividends are payable on December 31, 2012, to preferred stockholders of record as of December 13, 2012. Full Article
Principal Financial Group Inc Declares Dividend On Common Stock
Principal Financial Group Inc announced that its board of directors has declared a quarterly dividend of $0.21 per share of common stock, payable on Dec. 28, 2012 to shareholders of record as of Dec. 10, 2012. Full Article
Principal Financial launches bid for Chile pension fund
SANTIAGO - U.S. insurer and asset manager Principal Financial Group launched a bid on Thursday to buy Chilean pension company AFP Cuprum for $1.39 billion as part of an expansion drive in emerging markets.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
