Shares of PFG traded higher by 0.90% or $0.28/share to $31.29. NYSE is trading at a price to book ratio of 0.93. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.87 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.01. Thus, the company is not very expensive in terms of its sales. On average, 1623080 shares of PFG exchange hands on a given day and today's volume is recorded at 372344. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.
Principal Financial Group, Inc. (PFG) is a provider of retirement savings, investment and insurance products and services.
