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Principal Authorizes $300 Million Share Repurchase

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NU Online News Service, Nov. 26, 5:43 p.m. – The Principal Financial Group Inc., Des Moines, Iowa, says its board has authorized the repurchase of up to $300 million of the company’s common stock.

The company’s shares are now selling for about $29 apiece, and the total value of the outstanding stock, or market capitalization, is $9.8 billion.