Principal Financial Group (NASDAQ:PFG) Stock Price Down 0.4% – Here’s What Happened

by · The Cerbat Gem

Principal Financial Group, Inc. (NASDAQ:PFG – Get Free Report) was down 0.4% during mid-day trading on Friday . The stock traded as low as $88.40 and last traded at $88.95. Approximately 3,584,472 shares were traded during mid-day trading, an increase of 195% from the average daily volume of 1,215,800 shares. The stock had previously closed at $89.34.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Principal Financial Group in a report on Monday, December 15th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

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Principal Financial Group Price Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $19.82 billion, a PE ratio of 12.95, a P/E/G ratio of 0.76 and a beta of 0.89. The company’s 50-day simple moving average is $83.99 and its 200-day simple moving average is $81.14.

Principal Financial Group (NASDAQ:PFG – Get Free Report) last announced its earnings results on Monday, February 7th. The company reported $1.48 EPS for the quarter. The business had revenue of $3.77 billion during the quarter. Principal Financial Group had a net margin of 9.96% and a return on equity of 16.02%.

Principal Financial Group Company Profile

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Principal Financial Group (NASDAQ: PFG) is a global financial services company headquartered in Des Moines, Iowa, that provides a range of retirement, investment and insurance solutions to individuals, employers and institutional clients. The firm’s business is organized around retirement services, asset management, and insurance products designed to help clients plan, invest for, and protect income over the long term.

Principal’s product and service offerings include retirement plan recordkeeping and administration for employer-sponsored plans, individual and group retirement annuities, life and disability insurance, employee benefits solutions, and wealth management services.

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