Principal Financial Group Inc (PFG) has risen sharply, recording gains of 5.69% in the past 4 weeks. However, the stock has corrected -0.85% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.61% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.63% and the 50-Day Moving Average is 7.7%. Principal Financial Group Inc (NYSE:PFG): On Fridays trading session , Opening price of the stock was $46.74 with an intraday high of $46.955. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $46.4. However, the stock managed to close at $46.78, a loss of 0.81% for the day. On the previous day, the stock had closed at $47.16. The total traded volume of the day was 975,532 shares.
The company Insiders own 1.78% of Principal Financial Group Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.86% . Institutional Investors own 67.96% of Principal Financial Group Inc shares. During last six month period, the net percent change held by insiders has seen a change of -16.85%. Also, Deutsche Bank maintains their rating on the shares of Principal Financial Group Inc (NYSE:PFG). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $48 per share from $43 per share. The rating by the firm was issued on August 3, 2016.
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.