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Principal Financial Group (NYSE:PFG) was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.

Shares of Principal Financial Group (NYSE:PFG) traded down 3.71% during mid-day trading on Monday, hitting $47.72. 1,611,148 shares of the company’s stock traded hands. Principal Financial Group has a 1-year low of $28.75 and a 1-year high of $50.97. The stock’s 50-day moving average is $49.16 and its 200-day moving average is $44.80. The company has a market cap of $14.047 billion and a price-to-earnings ratio of 17.14.

Principal Financial Group (NYSE:PFG) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.03. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter last year, the company posted $0.45 earnings per share. Principal Financial Group’s revenue was down 12.2% compared to the same quarter last year. Analysts expect that Principal Financial Group will post $3.53 EPS for the current fiscal year.

In other Principal Financial Group news, Insider James Mccaughan sold 31,560 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $48.60, for a total value of $1,533,816.00. Following the sale, the insider now directly owns 192,669 shares in the company, valued at approximately $9,363,713. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of other analysts have also recently weighed in on PFG. Analysts at FBR Capital Markets raised their price target on shares of Principal Financial Group from $46.00 to $53.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Principal Financial Group from $44.00 to $52.00 in a research note to investors on Tuesday, January 7th. They now have an “equal weight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Principal Financial Group in a research note to investors on Friday, December 13th. They now have a $51.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. Principal Financial Group currently has an average rating of “Hold” and a consensus target price of $44.29.

Principal Financial Group, Inc (NYSE:PFG) is a provider of retirement savings, investment and insurance products and services.

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