Wells Fargo Lowers Principal Financial Group Full-Year Estimates

Principal Financial Group, Inc.

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.