Buyback Radar
Company reports

Principal Financial Group

PFG

Principal Financial Group has retired 40.7% of its shares since 2001, from 360,826,332 to 214,104,641.

40.7%retired since 2001
19.2%last 5 years
2.5%last 12 months
214Mshares today

At $108.81 a share, a market value of $23.3B. P/E 14.9, trailing twelve months to March 2026.

Shares outstanding, 2001 to todaysplit adjusted, from SEC filings
a quarter gone 2005361M shares, 2001214M20052010201520202025
2001, 360,826,3322026-07-22, 214,104,641
A share bought in 2001
1.7× more of Principal Financial Group today, without buying another share. It was one of 360,826,332 shares then. It is one of 214,104,641 now.
Every filing we read25 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20012002-02-28360,826,33210-Kcover page
20022003-02-28320,269,92810-Kcover page
20032004-02-19320,782,54510-Kcover page
20042005-02-21299,530,87110-Kcover page
20052006-02-21279,499,70110-Kcover page
20062007-02-20267,878,34610-Kcover page
20072008-02-20258,359,27310-Kcover page
20082008-12-31259,300,00010-K
20092010-02-10319,465,25210-K
20102011-02-09320,813,62510-K
20112012-02-08301,454,13410-K
20122013-02-06293,402,24610-K
20132014-02-05295,521,82910-K
20142015-02-04294,110,24810-K
20152016-02-03291,625,60510-K
20162017-02-01287,476,82110-K
20172018-02-02289,656,80310-K
20182019-01-30278,313,68610-K
20192020-01-31274,687,95210-K
20202021-01-29272,613,68310-K
20212022-01-28261,227,52510-K
20222023-01-30243,104,12310-K
20232024-02-02235,868,48710-K
20242025-01-30225,571,32910-K
20252026-02-11216,835,14110-K

Source: all 10-K filings of Principal Financial Group on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

The story

Every Monday we write about one of these companies.

Read the full story
What the buybacks cost, fiscal 2007 to 2025cash flow statement against share count
$9.3Bspent on buybacks
51Mfewer shares outstanding
3.9%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $108.81.

The stock, long termall time, by TradingView

Loading the chart from TradingView…

All-time chart by TradingView. Open it on TradingView →

Principal Financial Group buybacks, answered

Is Principal Financial Group buying back its stock?

Yes. Principal Financial Group has 2.5% fewer shares outstanding than twelve months ago, 214,104,641 as of July 22, 2026. Over five years the share count is down 19.2%.

How many shares has Principal Financial Group bought back?

Net of every new share it issued, Principal Financial Group has 146.7 million fewer shares than at its 2001 peak. That is 40.7% of the company.

How many shares does Principal Financial Group have outstanding?

214,104,641 shares, as of July 22, 2026, from the cover page of its latest 10-Q. At the 2001 peak it had 360,826,332.

What do Principal Financial Group's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Principal Financial Group stock in 2001 owns 1.7 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Principal Financial Group compare with other cannibal stocks?

Principal Financial Group ranks No. 168 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Everest Group (40.9%), Walmart (40.8%), Kb Home (40.6%), Build-A-Bear Workshop (40.4%).

Every answer is computed from Principal Financial Group's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Insider buying, last 12 months

Muruzabal ClaudioDirector2026-02-09, 5 shares at $97.09 $485 total

Get the Monday buyback report.

Free. Your email goes to Substack, which runs the newsletter. Privacy