Barclays analyst Jay Gelb maintained a Buy rating on Principal Financial (NYSE: PFG) today and set a price target of $68. The company’s shares closed on Friday at $53.62, close to its 52-week low of $52.31.
According to TipRanks.com, Gelb is a 5-star analyst with an average return of 7.9% and a 65.4% success rate. Gelb covers the Financial sector, focusing on stocks such as Lincoln National Corp, Berkshire Hathaway A, and Berkshire Hathaway B.
Currently, the analyst consensus on Principal Financial is a Moderate Buy with an average price target of $68.
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Based on Principal Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $397 million. In comparison, last year the company had a net profit of $310 million.
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The Principal Financial Group, Inc. is a global financial company, which offers businesses, individuals and institutional clients financial products and services. It specializes in retirement solutions, insurance, and investment products through the company’s diverse family of financial services companies and national network of financial professionals.
