Principal Financial Group, Inc. (NASDAQ:PFG) Short Interest Update

Principal Financial Group, Inc. (NASDAQ:PFG) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 6,468,524 shares, a growth of 41.4% from the January 15th total of 4,574,308 shares. Based on an average daily volume of 1,989,753 shares, the short-interest ratio is presently 3.3 days. Currently, 2.9% of the company’s stock are sold short. Currently, 2.9% of the company’s stock are sold short. Based on an average daily volume of 1,989,753 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analysts Forecast Growth

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

Principal Financial Group Stock Down 0.1%

NASDAQ:PFG opened at $90.39 on Friday. Principal Financial Group has a fifty-two week low of $68.39 and a fifty-two week high of $97.88. The stock has a market capitalization of $20.14 billion, a P/E ratio of 17.15, a P/E/G ratio of 0.84 and a beta of 0.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.28 and a current ratio of 0.24. The company’s 50-day simple moving average is $91.10 and its 200-day simple moving average is $84.67.

Principal Financial Group (NASDAQ:PFG) last posted its quarterly earnings data on Monday, February 9th. The company reported $2.19 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.04). The firm had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.11 billion. Principal Financial Group had a return on equity of 16.09% and a net margin of 7.58%.

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.