Principal Financial Group Inc. Stock Falls Friday, Underperforms Market
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Shares of Principal Financial Group Inc. (PFG) slipped 2.75% to $76.61 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.37% to 3,583.07 and Dow Jones Industrial Average falling 1.34% to 29,634.83. The stock's fall snapped a two-day winning streak. Principal Financial Group Inc. closed $3.75 short of its 52-week high ($80.36), which the company reached on February 10th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as AFLAC Inc. (AFL) fell 0.94% to $59.13, Assurant Inc. (AIZ) fell 2.94% to $147.35, and Aegon N.V. ADR (AGN.AE) fell 1.00% to $3.98. Trading volume (1.6 M) remained 172,100 below its 50-day average volume of 1.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 14, 2022.
(END) Dow Jones Newswires
October 14, 2022 17:16 ET (21:16 GMT)
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