Principal Financial Group Inc (PFG) is Initiated by Credit Suisse to Underperform

Principal Financial Group Inc (PFG) was Initiated by Credit Suisse to “Underperform”. Credit Suisse advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on Principal Financial Group Inc. Principal Financial Group Inc was Resumed by Wells Fargo to “Outperform” on Sep 23, 2016. 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 .

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 closed down -0.24 points or -0.47% at $51.17 with 17,69,627 shares getting traded on Tuesday. Post opening the session at $51.69, the shares hit an intraday low of $50.96 and an intraday high of $51.9 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Oct 6, 2016, Timothy Mark Dunbar (EVP & Chief Investment Officer) sold 5,000 shares at $52.00 per share price. According to the SEC, on Jun 24, 2016, Gregory Bernard Elming (SVP & Chief Risk Officer) sold 46,770 shares at $43.73 per share price. On May 24, 2016, James P Mccaughan (President – Global Asset Mgmt.) sold 10,000 shares at $43.13 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.

Principal Financial Group Inc

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