Principal Financial Group (NASDAQ:PFG) Announces Quarterly Earnings Results

Principal Financial Group (NASDAQ:PFG) released its quarterly earnings data on Monday. The company reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.04), Zacks reports. Principal Financial Group had a net margin of 9.96% and a return on equity of 16.02%.

Principal Financial Group Stock Down 1.4%

Shares of PFG opened at $95.93 on Tuesday. The stock has a 50 day simple moving average of $90.62 and a two-hundred day simple moving average of $84.38. Principal Financial Group has a 1 year low of $68.39 and a 1 year high of $97.88. The firm has a market cap of $21.37 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.75 and a beta of 0.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.28 and a quick ratio of 0.28.

Analyst Ratings Changes

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

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.