Principal Financial Group Inc (NYSE:PFG) has tumbled 0.33% during the past week and has dropped 1.97% in the last 4 week period. The company has outperformed the S&P 500 by 0.87% in the past week but underperformed the index by 2.86% in the last 4 weeks.
Principal Financial Group Inc (NYSE:PFG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.20 and $41.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.34, notching a gain of 0.50% for the day. The total traded volume was 1,952,149 . The stock had closed at $42.13 on the previous day.
The company shares have dropped -20.14% from its 1 Year high price. On Aug 14, 2015, the shares registered one year high at $58.02 and the one year low was seen on Feb 2, 2016. The 50-Day Moving Average price is $42.87 and the 200 Day Moving Average price is recorded at $41.32.
On the companys insider trading activities, Mccaughan James P, officer (President – Global Asset Mgmt.) of Principal Financial Group Inc, unloaded 10,000 shares at an average price of $43.13 on May 23, 2016. The total amount of the transaction was worth $431,300, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Citigroup maintains its rating on Principal Financial Group Inc (NYSE:PFG).The analysts at the brokerage house have a current rating of Sell on the shares. In a recent information released to the investors, Citigroup raises the new price target from $35 per share to $36 per share. The rating by the firm was issued on April 6, 2016. Currently the company Insiders own 1.78% of Principal Financial Group Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.15% . Institutional Investors own 68.81% of Principal Financial Group Inc shares. During last six month period, the net percent change held by insiders has seen a change of -26.25%.
Principal Financial Group, Inc. is an investment management company. The Company offers businesses, individuals and institutional clients a range of financial products and services, including retirement, asset management and insurance through its financial services companies. Its segments include Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions. Its Retirement and Investor Services segment provides retirement and related financial products and services primarily to businesses, their employees and other individuals. The Principal Global Investors segment provides asset management services.. The Principal International segment offers pension accumulation products and services, mutual funds, asset management, income annuities and life insurance accumulation products. The U.S. Insurance Solutions segment offers individual and group insurance solutions.