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 9.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.46%, 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 4.39% in the last 1 week, and is up 13.37% 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 8.33% and the 50-Day Moving Average is 8.99%. Principal Financial Group Inc. is up 10.23% in the last 3-month period. Year-to-Date the stock performance stands at 5.61%.
Principal Financial Group Inc (NYSE:PFG): stock turned positive on Friday. Though the stock opened at $44.98, the bulls momentum made the stock top out at $47.15 level for the day. The stock recorded a low of $44.98 and closed the trading day at $46.63, in the green by 4.29%. The total traded volume for the day was 2,352,141. The stock had closed at $44.71 in the previous days trading.
Also, Barclays maintains their rating on the shares of Principal Financial Group Inc (NYSE:PFG). The current rating of the shares is Equal-weight. Equity Analysts at the Firm raises the price target to $47 per share from $41 per share. The rating by the firm was issued on July 29, 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.