Principal Financial Group, Inc. (NASDAQ:PFG) Short Interest Up 41.4% in January

Principal Financial Group, Inc. (NASDAQ:PFG) saw a significant 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 days-to-cover ratio is currently 3.3 days. Approximately 2.9% of the company’s stock are short sold. Approximately 2.9% of the company’s stock are short sold. Based on an average daily volume of 1,989,753 shares, the days-to-cover ratio is currently 3.3 days.

Principal Financial Group Stock Down 0.1%

Shares of PFG stock traded down $0.12 during trading hours on Monday, reaching $90.39. The company had a trading volume of 1,531,522 shares, compared to its average volume of 1,794,933. The company has a market cap of $20.14 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 0.84 and a beta of 0.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.24 and a quick ratio of 0.28. Principal Financial Group has a 12 month low of $68.39 and a 12 month high of $97.88. The business has a fifty day simple moving average of $91.17 and a 200-day simple moving average of $84.82.

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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded 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 data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Principal Financial Group Company Profile

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.