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Wells Fargo Lowers Principal Financial Group Full-Year Estimates

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Principal Financial Group, Inc. (NYSE: PFG) has released a revised financial supplement, which restated prior period consolidated earnings to account for the previously-announced exit from the health insurance business, Wells Fargo reports.

“Accordingly, we are revising our full-year 2010 operating EPS estimate to $2.55 from $2.69,” Wells Fargo writes. “No change to our existing forward estimates.”

Principal Financial Group currently trades for $26.43.

 

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