Principal Financial Group Inc (PFG) was Resumed by Wells Fargo to “Outperform”. Wells Fargo advised their investors in a research report released on Sep 23, 2016.
Many Wall Street Analysts have commented on Principal Financial Group Inc. Company shares were Reiterated by Barclays on Jul 29, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 47 from a previous price target of $41 .Principal Financial Group Inc was Downgraded by BofA/Merrill to ” Neutral” on Jun 29, 2016.
On the company’s financial health, Principal Financial Group Inc reported $1.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.05.Analysts expectations of $ 2919.27.During the same quarter in the previous year, the company posted $1.09 EPS.
Principal Financial Group Inc opened for trading at $50 and hit $50.17 on the upside on Thursday, eventually ending the session at $49.88, with a gain of 0.22% or 0.11 points. The heightened volatility saw the trading volume jump to 10,99,197 shares. Company has a market cap of $14,345 M.
In a different news, on Jun 24, 2016, Gregory Bernard Elming (SVP & Chief Risk Officer) sold 46,770 shares at $43.73 per share price. According to the SEC, on May 24, 2016, James P Mccaughan (President – Global Asset Mgmt.) sold 10,000 shares at $43.13 per share price. On Feb 23, 2016, Daniel Gelatt (director) purchased 30,000 shares at $36.74 per share price, according to the Form-4 filing with the securities and exchange commission.
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.