Top 5 Lowest P/E Ratios of the S&P 500

4. Principal Financial Group, Inc. (NASDAQ:PFG)

P/E Ratio: 4.33

Number of hedge fund holders: 17

Principal Financial Group is another finance and insurance play in our list of the 25 stocks with lowest PE ratios in the S&P 500 index. Last month, Principal Financial Group (NASDAQ:PFG) fell after Credit Suisse analyst Andrew Kilgerman downgraded Principal Financial Group, Inc. (NASDAQ:PFG) to Underperform from Neutral. The analyst cited valuation as the reason for the rating cut.

However, the analyst likes Principal Financial Group, Inc. (NASDAQ:PFG), and praised Principal Financial Group, Inc. (NASDAQ:PFG)’s “de-risking of fixed annuities and universal life with secondary guarantees and focusing on capital return.”