Principal Financial Group (NASDAQ:PFG) Shares Up 2% – Here’s Why

Principal Financial Group, Inc. (NASDAQ:PFG) shot up 2% during trading on Wednesday . The company traded as high as $94.34 and last traded at $94.05. 1,637,882 shares were traded during mid-day trading, an increase of 25% from the average session volume of 1,306,169 shares. The stock had previously closed at $92.23.

Analyst Ratings Changes

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

Principal Financial Group Stock Performance

The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $88.79 and a 200-day simple moving average of $83.49. The company has a market capitalization of $20.95 billion, a P/E ratio of 13.69, a PEG ratio of 0.71 and a beta of 0.89.

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.