Analyst Price Target Update on Principal Financial Group Inc (NYSE:PFG)

Principal Financial Group Inc (NYSE:PFG) should head towards $49.57 per share according to 7 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $41 per share. The higher price estimate target is at $59 according to the Analysts.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Citigroup maintains its outlook on Principal Financial Group Inc (NYSE:PFG). The current rating of the shares is Sell, according to the research report released by the firm. The brokerage firm raises the price target from $35 per share to $36 per share. The rating by the firm was issued on April 6, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mccaughan James P, officer (President – Global Asset Mgmt.) of Principal Financial Group Inc, had unloaded 10,000 shares at an average price of $43.13 in a transaction dated on May 23, 2016. The total value of the transaction was worth $431,300.

Principal Financial Group Inc (NYSE:PFG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.74 points or 1.74% at $41.74 with 1,486,256 shares getting traded. Post opening the session at $42.06, the shares hit an intraday low of $41.735 and an intraday high of $42.54 and the price was in this range throughout the day. The company has a market cap of $12,098 million and the number of outstanding shares have been calculated to be 289,852,710 shares. The 52-week high of Principal Financial Group Inc (NYSE:PFG) is $58.02 and the 52-week low is $33.09.

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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