Impact of Brokerage Rating on Principal Financial Group Inc(PFG)

Many Principal Financial Group Inc(PFG) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Principal Financial Group Inc was Initiated by Citigroup to Neutral on Jan 26, 2017. Company shares were Reiterated by RBC Capital Mkts on Nov 17, 2016 to Outperform, Raises Price Target to $ 61 from a previous price target of $52 .Company shares were Reiterated by Barclays on Nov 17, 2016 to Equal Weight, Raises Price Target to $ 57 from a previous price target of $51 .

Company has reported several Insider transactions to the SEC, on Feb 13, 2017, Deanna D Strable-soethout (President – US Ins. Solutions) sold 1,406 shares at 60.00 per share price.On Feb 13, 2017, Karen E Shaff (EVP, Genl Counsel, Secretary) sold 43,410 shares at 60.04 per share price.On Dec 13, 2016, Nora Mary Everett (President – RIS) sold 18,700 shares at 59.41 per share price.

Principal Financial Group Inc Last issued its quarterly earnings results on Jan 30, 2017. The company reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.12. Analyst had a consensus of $1.15.Analysts expectations of $ 3034.45.During the same quarter in the previous year, the company posted $1.02 EPS.

Principal Financial Group Inc (NYSE:PFG) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2.86 by 7 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Principal Financial Group Inc (NYSE:PFG): The stock price is expected to reach $ 59.83 in the short term. The number of analysts agreeing with this consensus is 6. The higher estimate for the short term price target is at $65 while the lower estimate is at $53. The standard deviation of the price stands at $4.31.

Principal Financial Group Inc (NYSE:PFG) witnessed a decline in the market cap on Tuesday as its shares dropped 0.05% or 0.03 points. After the session commenced at $62.01, the stock reached the higher end at $62.59 while it hit a low of $61.95. With the volume soaring to 1,277,243 shares, the last trade was called at $62.06. The company has a 52-week high of $62.59. The company has a market cap of $17,841 million and there are 287,476,820 shares in outstanding. The 52-week low of the share price is $35.38.

The Principal Financial Group is a leading provider of retirement savings, investment and insurance products and services. In addition, they offer a broad range of individual life and disability insurance, group life and health insurance, and residential mortgage loan origination and servicing in the United States.

Principal

For any feedback and suggestions contact author at Lisa.Tynan@thefoundersdaily.com

Add Comment