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Principal Financial Group, Inc. (PFG) to Acquire Alabama Dental Network DentaNet
Yahoo Finance· 2026-03-12 15:41
Group 1 - Principal Financial Group, Inc. (NASDAQ:PFG) is recognized as one of the 12 Best Very Cheap Stocks to Buy in 2026 [1] - On March 3, Principal Financial Group announced a definitive agreement to acquire DentaNet, the largest dental network in Alabama, which includes approximately 1,500 participating dental providers [2] - The acquisition of DentaNet will enhance Principal's portfolio of wholly owned dental networks and strengthen its dental insurance offerings, particularly in the southeastern United States [3] Group 2 - Morgan Stanley raised its price target on Principal Financial Group to $95 from $93 while maintaining an Equal Weight rating, indicating a cautious outlook on the broader insurance sector amid evolving market conditions [4] - Principal Financial Group is a global financial investment management and insurance company headquartered in Des Moines, Iowa, providing a range of services including asset management and insurance products [5]