Principal Financial Group Inc (PFG) Shares are Up 3.43%

Principal Financial Group Inc (PFG) : Traders are bullish on Principal Financial Group Inc (PFG) as it has outperformed the S&P 500 by a wide margin of 5.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.43% in the last 1 week, and is up 5.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.53% and the 50-Day Moving Average is 8.3%.The 200 Day SMA reached 22.49%

Principal

Principal Financial Group Inc (NYSE:PFG): After opening at $50.78, the stock dipped to an intraday low of $50.67 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $51.72 and the buying power remained strong till the end. The stock closed at $51.51 for the day, a gain of 2.00% for the day session. The total traded volume was 2,454,483. The stocks close on the previous trading day was $51.51.

Principal Financial Group Inc (PFG) : 5 Wall Street analysts covering Principal Financial Group Inc (PFG) believe that the average level the stock could reach for the short term is $50.2. The maximum price target given is $59 and the minimum target for short term is around $47, hence the standard deviation is calculated at $4.97.

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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