Principal Financial Group (NASDAQ:PFG) Raised to Hold at Wall Street Zen

Key Points

• Principal Financial Group's stock rating was upgraded from a "sell" to a "hold" by Wall Street Zen, indicating a more favorable outlook for investors.
• The company's stock is currently trading at $81.05, with a 1-year trading range between $68.39 and $91.97.
• Principal Financial Group specializes in retirement, asset management, and insurance products serving a diverse clientele globally.

Wall Street Zen upgraded shares of Principal Financial Group (NASDAQ:PFG - Free Report) from a sell rating to a hold rating in a research note published on Saturday.

Principal Financial Group Price Performance

PFG traded up $1.21 during trading hours on Friday, hitting $81.60. 258,864 shares of the stock were exchanged, compared to its average volume of 1,391,894. The stock has a 50-day simple moving average of $78.75. Principal Financial Group has a 12 month low of $68.39 and a 12 month high of $91.97. The firm has a market capitalization of $18.29 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 0.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.28 and a current ratio of 0.28.

Principal Financial Group (NASDAQ:PFG - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.18. Principal Financial Group had a return on equity of 14.85% and a net margin of 6.89%. The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $4 billion.

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.