Principal Financial Group (NASDAQ:PFG – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $2.20 earnings per share (EPS) for the quarter, FiscalAI reports. Principal Financial Group had a return on equity of 16.09% and a net margin of 7.58%.The business had revenue of $4.58 billion for the quarter.
Principal Financial Group Trading Up 0.5%
Principal Financial Group stock traded up $0.47 during mid-day trading on Wednesday, hitting $92.45. 1,402,413 shares of the company’s stock were exchanged, compared to its average volume of 1,617,466. The company’s 50 day simple moving average is $91.24 and its 200-day simple moving average is $84.93. The company has a quick ratio of 0.28, a current ratio of 0.24 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $20.60 billion, a P/E ratio of 17.54, a PEG ratio of 0.84 and a beta of 0.89. Principal Financial Group has a fifty-two week low of $68.39 and a fifty-two week high of $97.88.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded 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, Based on data from MarketBeat.com, Principal Financial Group currently has an average rating of “Buy”.
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.
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