Principal Financial Up 5%; RBC Raises Target

Principal Financial Group is a bright spot in a down market this morning. The financial services company (ticker: PFG), which provides products and services tied to retirement savings, investment and insurance, reported results that beat expectations and raised its dividend. Shares rose 5.6%, or $2.28, to $42.74. It pays a 2.3% yield. While Principal’s revenue of $2.31 [...]