Principal Financial Group (NASDAQ:PFG – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $2.20 EPS for the quarter, FiscalAI reports. Principal Financial Group had a net margin of 7.58% and a return on equity of 16.09%. The firm had revenue of $4.58 billion for the quarter.
Principal Financial Group Price Performance
NASDAQ:PFG traded down $0.63 during trading hours on Thursday, hitting $91.82. 47,725 shares of the stock traded hands, compared to its average volume of 1,568,962. The company has a market cap of $20.45 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 0.85 and a beta of 0.89. Principal Financial Group has a 1 year low of $68.39 and a 1 year high of $97.88. The stock has a 50 day moving average price of $91.29 and a 200 day moving average price of $84.99. The company has a quick ratio of 0.28, a current ratio of 0.24 and a debt-to-equity ratio of 0.33.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded Principal Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company 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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