Principal Financial Group (PFG) Misses Q4 EPS by 3c

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Piper Jaffray Remains Sidelined on Principal Financial Group (PFG) as 4Q Results Highlight Sensitivity to Macro Pressures

February 2, 2016 7:50 AM EST

Piper Jaffray maintained a Neutral rating on Principal Financial Group (NYSE: PFG), and cut the price target to $50.00 (from $51.00), following the company's 4Q earnings report. PFG reported EPS of $1.02, below consensus' $1.05 estimate. Assuming underwriting results in group insurance normalizes, Piper Jaffray sees further... More