Principal Financial Group, Inc. (pfg) To Acquire Alabama Dental Network Dentanet

Principal Financial Group, Inc. (NASDAQ:PFG) is among the 12 Best Very Cheap Stocks to Buy in 2026.

On March 3, Principal Financial Group, Inc. (NASDAQ:PFG) announced that it had entered into a definitive agreement with Southland Benefit Solutions to acquire its single-state dental network, DentaNet. As part of the transaction, Principal will also obtain renewal rights for a block of group insurance contracts through Canopy Insurance. Both Southland Benefit Solutions and Canopy Insurance operate as subsidiaries of Collateral Holdings. DentaNet is currently the largest dental network in the state of Alabama, with approximately 1,500 participating dental providers.

Following the acquisition, DentaNet will become part of Principal Financial Group, Inc. (NASDAQ:PFG)’s portfolio of wholly owned dental networks. It will join existing networks, including Principal Preferred Provider Network, Diversified Dental Services, and First Dental Health. The expansion is expected to strengthen Principal’s dental insurance offerings and broaden its provider network footprint, particularly within the southeastern United States.

Also on March 3, Morgan Stanley raised its price target on Principal Financial Group, Inc. (NASDAQ:PFG) to $95 from $93 while maintaining an Equal Weight rating. The firm said it is updating its price targets across North American life and annuity insurers under coverage. While Morgan Stanley indicated it is not particularly concerned about the industry’s exposure to private credit markets, the broader insurance sector may still face valuation pressure amid evolving market conditions.

Principal Financial Group, Inc. (NASDAQ:PFG) is a global financial investment management and insurance company headquartered in Des Moines, Iowa. Founded in 1879 as Bankers Life Association, the company provides asset management, retirement services, insurance products, and investment solutions to individuals, businesses, and institutional clients worldwide.

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