Principal Financial Group Inc (NYSE:PFG) : The highest short term price target forecast on Principal Financial Group Inc (NYSE:PFG) is $59 and the lowest target price is $41. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $49.43 with a standard deviation of $5.77.
Other Equity analysts have also commented 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.
Principal Financial Group Inc (NYSE:PFG): stock turned positive on Thursday. Though the stock opened at $44.05, the bulls momentum made the stock top out at $44.82 level for the day. The stock recorded a low of $44.05 and closed the trading day at $44.52, in the green by 1.88%. The total traded volume for the day was 2,851,401. The stock had closed at $43.7 in the previous days trading.
The company shares have dropped -16.09% 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 $42.93 and the 200 Day Moving Average price is recorded at $41.11. 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.
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.