In today’s session Principal Financial Group Inc (PFG) registered an unusually high (8,169) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PFG increase. With 8,169 contracts traded and 6284 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PFG161118C00055000 closed last at: $1.35 or 50% up. About 227,864 shares traded hands. Principal Financial Group Inc (NYSE:PFG) has risen 37.29% since March 30, 2016 and is uptrending. It has outperformed by 34.28% the S&P500.
Principal Financial Group Inc (NYSE:PFG) Ratings Coverage
Out of 12 analysts covering Principal Financial Group Inc. (NYSE:PFG), 4 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 33% are positive. $61 is the highest target while $35 is the lowest. The $48.88 average target is -10.43% below today’s ($54.57) stock price. Principal Financial Group Inc. has been the topic of 18 analyst reports since August 18, 2015 according to StockzIntelligence Inc. As per Friday, October 23, the company rating was maintained by Macquarie Research. As per Tuesday, January 5, the company rating was downgraded by Citigroup. The stock of Principal Financial Group Inc (NYSE:PFG) earned “Outperform” rating by RBC Capital Markets on Tuesday, February 2. Bank of America downgraded the shares of PFG in a report on Wednesday, June 29 to “Neutral” rating. The rating was maintained by Citigroup on Wednesday, April 6 with “Sell”. Goldman Sachs downgraded the shares of PFG in a report on Thursday, September 10 to “Sell” rating. The stock has “Underperform” rating given by Credit Suisse on Friday, October 7. The company was downgraded on Friday, February 26 by Atlantic Securities. The rating was maintained by Barclays Capital with “Equal Weight” on Friday, July 29. The stock of Principal Financial Group Inc (NYSE:PFG) has “Market Perform” rating given on Tuesday, August 18 by KBW.
According to Zacks Investment Research, “The Principal Financial Group is a leading provider of retirement savings, investment and insurance products and services. In addition, they offer a broad range of individual life and disability insurance, group life and health insurance, and residential mortgage loan origination and servicing in the United States.”
Insitutional Activity: The institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.24, from 1.13 in 2016Q1. The ratio increased, as 39 funds sold all Principal Financial Group Inc shares owned while 112 reduced positions. 58 funds bought stakes while 149 increased positions. They now own 189.35 million shares or 5.66% less from 200.71 million shares in 2016Q1.
Country Trust Bank, a Illinois-based fund reported 184 shares. Century Inc last reported 59,302 shares in the company. Franklin Inc holds 0% of its portfolio in Principal Financial Group Inc (NYSE:PFG) for 19,300 shares. Gulf Intl Bank (Uk) Ltd has 0.06% invested in the company for 85,426 shares. Whittier Tru Company Of Nevada reported 127 shares or 0% of all its holdings. Moreover, Cornerstone Advsr Inc has 0% invested in Principal Financial Group Inc (NYSE:PFG) for 29 shares. Credit Agricole S A holds 490,732 shares or 0.08% of its portfolio. Cibc World Markets last reported 0% of its portfolio in the stock. Lpl Financial Lc has invested 0.01% of its portfolio in Principal Financial Group Inc (NYSE:PFG). Herndon Capital Mngmt Ltd accumulated 0% or 25 shares. Profund Limited Liability Company reported 6,691 shares or 0.01% of all its holdings. Moreover, Orinda Asset Lc has 0.13% invested in Principal Financial Group Inc (NYSE:PFG) for 3,029 shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 131,799 shares in the company. Schroder Invest Management Grp last reported 0.18% of its portfolio in the stock. Glenmede Tru Na has 225,451 shares for 0.06% of their US portfolio.
Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 1 insider sale for $431,300 net activity. Another trade for 10,000 shares valued at $431,300 was sold by MCCAUGHAN JAMES P.
Principal Financial Group, Inc. is an investment management company. The company has a market cap of $15.50 billion. The Firm offers a range of financial services and products, including retirement, asset management and insurance services. It has a 12.95 P/E ratio. The Company’s divisions include Retirement and Income Solutions; Principal Global Investors, Principal International, and U.S.
PFG Company Profile
Principal Financial Group, Inc., incorporated on April 18, 2001, is an investment management company. The Firm offers a range of financial services and products, including retirement, asset management and insurance services. The Company’s divisions include Retirement and Income Solutions; Principal Global Investors, Principal International, and U.S. Insurance Solutions. The Firm focuses on small and medium-sized businesses, providing a range of retirement and employee benefit solutions, and individual insurance solutions to meet the needs of the business owner and their employees. The Firm offer services to the individuals and institutional clients.
Another recent and important Principal Financial Group Inc (NYSE:PFG) news was published by Nasdaq.com which published an article titled: “Principal Financial Group Inc. Profit Climbs 6% In Q3” on October 27, 2016.
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