Principal Financial Group Inc (NYSE:PFG) : Zacks Investment Research ranks Principal Financial Group Inc (NYSE:PFG) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.75, which indicates as a Hold.
Principal Financial Group Inc (NYSE:PFG) : The highest short term price target forecast on Principal Financial Group Inc (NYSE:PFG) is $59 and the lowest target price is $41. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $49.43 with a standard deviation of $5.77.
Company shares have received an average consensus rating of Hold for the current week Also, Citigroup maintains its rating on Principal Financial Group Inc (NYSE:PFG). The global brokerage major raises the current price target from $35 per share to $36 per share. Analysts at the Citigroup have a current rating of Sell on the shares. The rating by the firm was issued on April 6, 2016.
Principal Financial Group Inc (NYSE:PFG): stock turned positive on Tuesday. Though the stock opened at $39, the bulls momentum made the stock top out at $39.12 level for the day. The stock recorded a low of $38.52 and closed the trading day at $39.06, in the green by 2.41%. The total traded volume for the day was 2,105,689. The stock had closed at $38.14 in the previous days trading.
In an insider trading activity,The officer (SVP & Chief Risk Officer) of Principal Financial Group Inc, Elming Gregory Bernard sold 46,770 shares at $43.73 on June 22, 2016. The Insider selling transaction had a total value worth of $2,045,252. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.