Principal Financial Group Inc (PFG) : Traders are bullish on Principal Financial Group Inc (PFG) as it has outperformed the S&P 500 by a wide margin of 0.16% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.85%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.42% in the last 1 week, and is up 4.53% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 6.37% and the 50-Day Moving Average is 4.74%.
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 $44.38 and $43.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.26, notching a gain of 0.41% for the day. The total traded volume was 1,398,782 . The stock had closed at $44.08 on the previous day.
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 -4.86% . Institutional Investors own 68.49% of Principal Financial Group Inc shares. During last six month period, the net percent change held by insiders has seen a change of -20.24%. 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.