Business News: Principal Announces New $500 Million Share Repurchase Authorization

27Nov - by Editor - 0 - In STL.News



DES MOINES, IA – Principal Financial Group® (Nasdaq: PFG) today announced that its board of directors has approved a new authorization for the repurchase of up to $500 million of the company’s outstanding common stock.  As of September 30, 2018, approximately $135 million remained under the company’s May 7, 2018, $300 million authorization.

The repurchases will be made in the open market or through privately-negotiated transactions, from time to time, depending on market conditions. 

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