Principal Financial Group (NASDAQ:PFG) Shares Up 2% – Still a Buy?

Principal Financial Group, Inc. (NASDAQ:PFG)’s share price rose 2% on Wednesday . The company traded as high as $94.34 and last traded at $94.05. Approximately 1,637,882 shares were traded during trading, an increase of 25% from the average daily volume of 1,306,169 shares. The stock had previously closed at $92.23.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Principal Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Principal Financial Group Stock Performance

The firm’s fifty day moving average price is $88.79 and its 200-day moving average price is $83.49. The company has a market cap of $20.95 billion, a P/E ratio of 13.69, a P/E/G ratio of 0.71 and a beta of 0.89. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.33.

Principal Financial Group Company Profile

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.