Principal Financial Group (NASDAQ:PFG) Stock Rating Upgraded by Wells Fargo & Company

Principal Financial Group (NASDAQ:PFG) was upgraded by Wells Fargo & Company from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings raised Principal Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Principal Financial Group Stock Performance

Shares of PFG opened at $97.50 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.27 and a quick ratio of 0.27. The firm’s 50 day moving average is $91.83 and its 200-day moving average is $85.69. Principal Financial Group has a 12-month low of $68.39 and a 12-month high of $97.88. The stock has a market capitalization of $21.14 billion, a P/E ratio of 18.50, a P/E/G ratio of 0.88 and a beta of 0.89.

Principal Financial Group (NASDAQ:PFG) last released its earnings results on Wednesday, February 18th. The company reported $2.20 EPS for the quarter. The business had revenue of $4.58 billion during the quarter. Principal Financial Group had a net margin of 7.58% and a return on equity of 16.09%.

About Principal Financial Group

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.