Principal Financial Group (NASDAQ:PFG) Stock Price Down 4.1% – What’s Next?

Principal Financial Group, Inc. (NASDAQ:PFG)’s stock price was down 4.1% on Monday . The stock traded as low as $80.44 and last traded at $81.01. Approximately 1,428,357 shares traded hands during trading, an increase of 5% from the average daily volume of 1,356,211 shares. The stock had previously closed at $84.47.

Analysts Set New Price Targets

Several research firms have recently commented on PFG. Wall Street Zen raised Principal Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings raised shares of Principal Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Principal Financial Group Stock Performance

The company has a fifty day moving average of $81.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.25 and a quick ratio of 0.27. The firm has a market capitalization of $18.05 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 0.73 and a beta of 1.02.

Principal Financial Group (NASDAQ:PFG) last released its quarterly earnings data on Monday, February 7th. The company reported $1.48 EPS for the quarter. Principal Financial Group had a net margin of 9.96% and a return on equity of 16.02%. The firm had revenue of $3.77 billion during the quarter.

Principal Financial Group Company Profile

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.