Large Inflow of Money Detected in Principal Financial Group Inc

Principal Financial Group Inc (PFG) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $2.24 million worth of transactions were on upticks, whereas, the downticks accounted for $1.08 million worth of transactions. The net money flow was a positive $1.15 million and the uptick to downtick ratio was 2.07. The net money flow into the stock was $1.2 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.2 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Principal Financial Group Inc (PFG) was trading at $44.22, down $0.02 during day. The stock slid -0.03% over the previous days close. For the week, the stock recorded -0.1% over the previous weeks close.


Also, Equity Analysts at the Deutsche Bank maintains the rating on Principal Financial Group Inc (NYSE:PFG). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency lowers the price target from $46 per share to $43 per share. The rating by the firm was issued on July 7, 2016.

Principal Financial Group Inc (NYSE:PFG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.50 and $44.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.45, notching a gain of 0.50% for the day. The total traded volume was 1,073,583 . The stock had closed at $44.23 on the previous day.

The stock has recorded a 20-day Moving Average of 6.15% and the 50-Day Moving Average is 4.83%. In a related news, The Securities and Exchange Commission has divulged that Elming Gregory Bernard, officer (SVP & Chief Risk Officer) of Principal Financial Group Inc, had unloaded 46,770 shares at an average price of $43.73 in a transaction dated on June 22, 2016. The total value of the transaction was worth $2,045,252.

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.

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