Weiss Ratings Reiterates "Hold (C+)" Rating for Principal Financial Group (NASDAQ:PFG)

Key Points

• Weiss Ratings has reiterated a "Hold (C+)" rating for Principal Financial Group (NASDAQ:PFG), indicating a cautious outlook for the stock.
• Principal Financial Group's recent earnings report revealed an EPS of $2.16, surpassing estimates, although revenue of $3.69 billion fell short of expectations.
• The company's stock price opened at $81.77, with a 12-month trading range between a low of $68.39 and a high of $91.97.

Principal Financial Group (NASDAQ:PFG - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Principal Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold".

Principal Financial Group Price Performance

Shares of PFG opened at $81.77 on Wednesday. The stock has a 50 day simple moving average of $80.20. The firm has a market cap of $18.22 billion, a PE ratio of 16.45, a P/E/G ratio of 0.79 and a beta of 1.03. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.27 and a quick ratio of 0.27. Principal Financial Group has a 12-month low of $68.39 and a 12-month high of $91.97.

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. The company had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $4 billion. Principal Financial Group had a net margin of 7.53% and a return on equity of 15.63%.

About Principal Financial Group

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.

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