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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Principal Financial Group (NYSE: PFG) hit a new 52-week high Tuesday as it is currently trading at $29.97, above its previous 52-week high of $29.96 with 683,264 shares traded as of 1:10 p.m. ET. Average volume has been 1.6 million shares over the past 30 days. Principal Financial Group has a market cap of $8.66 billion and is part of the financial sector and financial services industry. Shares are up 3.5% year to date as of the close of trading on Friday. Principal Financial Group, Inc. provides retirement savings, investment, and insurance products and services. The company has a P/E ratio of 11.7, below the S&P 500 P/E ratio of 17.7.