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Life Health > Health Insurance > Life Insurance Strategies

Principal Sets Stock Repurchase Program

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The board of Principal Financial Group Inc. has agreed to spend up to $500 million more on buying back the company’s common stock.

Principal, Des Moines, Iowa, recently completed spending $250 million on stock repurchases through a buyback program the company set up in May.

Principal now has about 262 million shares of common stock outstanding, the company says.


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