NEW YORK ( TheStreet) -- Principal Financial Group (NYSE: PFG) hit a new 52-week high Friday as it traded at $34.43 compared with its previous 52-Week high of $34.36. Principal Financial Group is changing hands at $34.43 with 626,761 shares traded as of 10:57 a.m. ET. Average volume has been 2.5 million shares over the past 30 days. Principal Financial Group has a market cap of $10.8 billion and is part of the financial sector and financial services industry. Shares are up 3.1% year to date as of the close of trading on Thursday. Principal Financial Group, Inc. provides retirement savings, investment, and insurance products and services worldwide. It operates in four segments: U.S. Asset Accumulation, Global Asset Management, International Asset Management and Accumulation, and Life and Health Insurance. The U.S. The company has a P/E ratio of 12.4, below the average financial services industry P/E ratio of 16.3 and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Principal Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Principal Financial Group Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.