Principal Financial Group Reaches New 52-Week High (PFG)

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 Friday as it is currently trading at $31.20, above its previous 52-week high of $31.11 with 78,427 shares traded as of 9:35 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Principal Financial Group has a market cap of $9.02 billion and is part of the financial sector and financial services industry. Shares are up 7.7% year to date as of the close of trading on Thursday.

Principal Financial Group, Inc. provides retirement savings, investment, and insurance products and services. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Principal Financial Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Principal Financial Group Ratings Report.

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