What’s Principal Financial Group Inc Upside After Today’s Bearish Options Activity?

 What's Principal Financial Group Inc Upside After Today's Bearish Options Activity?

In today’s session Principal Financial Group Inc (PFG) recorded an unusually high (772) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious PFG decrease. With 772 contracts traded and 314 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: PFG161216P00055000 closed last at: $1 or 37.5% down. About 148,364 shares traded hands. Principal Financial Group Inc (NYSE:PFG) has risen 42.11% since April 12, 2016 and is uptrending. It has outperformed by 37.13% 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 -16.47% below today’s ($58.52) 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 7, the company rating was initiated by Credit Suisse. The stock of Principal Financial Group Inc (NYSE:PFG) earned “Outperform” rating by RBC Capital Markets on Friday, October 23. On Friday, February 26 the stock rating was downgraded by Atlantic Securities to “Neutral”. On Tuesday, January 5 the stock rating was downgraded by Citigroup to “Sell”. The firm earned “Outperform” rating on Friday, September 23 by Wells Fargo. Bank of America downgraded the stock to “Neutral” rating in Wednesday, June 29 report. Bruyette & Woods” downgraded the shares of PFG in a report on Tuesday, August 18 to “Mkt Perform” rating. The rating was maintained by Barclays Capital with “Equal Weight” on Friday, July 29. Macquarie Research maintained the shares of PFG in a report on Friday, October 23 with “Outperform” rating. The rating was downgraded by Goldman Sachs on Thursday, September 10 to “Sell”.

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 Q2 2016. Its up 0.24, from 1.13 in 2016Q1. The ratio improved, 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.
Alyeska Invest Group Inc L P last reported 0.05% of its portfolio in the stock. Fiera Cap accumulated 8,572 shares or 0% of the stock. Everence Mngmt last reported 6,500 shares in the company. Louisiana State Employees Retirement Sys has invested 0.04% of its portfolio in Principal Financial Group Inc (NYSE:PFG). First Corp In has 0.02% invested in the company for 955 shares. Pineno Levin & Ford Asset Mngmt Inc accumulated 38,003 shares or 0.81% of the stock. Verition Fund Mgmt Lc last reported 0.06% of its portfolio in the stock. Janney Montgomery Scott Limited Com accumulated 22,616 shares or 0.02% of the stock. Synovus holds 0% or 571 shares in its portfolio. Jnba Fincl Advsr, a Minnesota-based fund reported 497 shares. Moreover, Farmers And Merchants Invests has 0.01% invested in Principal Financial Group Inc (NYSE:PFG) for 2,979 shares. Carret Asset Management Ltd Liability Corporation owns 11,350 shares or 0.09% of their US portfolio. First Manhattan last reported 0% of its portfolio in the stock. Apg Asset Management Nv accumulated 188,661 shares or 0.01% of the stock. The New Jersey-based Kcg Holdings has invested 0.01% in Principal Financial Group Inc (NYSE:PFG).

Insider Transactions: Since May 23, 2016, the stock had 0 insider purchases, and 2 selling transactions for $800,020 net activity. Dunbar Timothy Mark also sold $368,720 worth of Principal Financial Group Inc (NYSE:PFG) on Friday, October 28. MCCAUGHAN JAMES P also sold $431,300 worth of Principal Financial Group Inc (NYSE:PFG) on Monday, May 23.

Principal Financial Group, Inc. is an investment management company. The company has a market cap of $16.67 billion. The Firm offers a range of financial services and products, including retirement, asset management and insurance services. It has a 13.72 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.

More notable recent Principal Financial Group Inc (NYSE:PFG) news were published by: Businesswire.com which released: “Principal Financial Group Announces Pricing and Expiration of Any and All …” on November 09, 2016, also Businesswire.com with their article: “Principal Financial Group 2016 Investor Day – Nov. 16, 2016 Webcast Details” published on November 10, 2016, Moodys.com published: “Moody’s rates Principal Financial’s guaranteed senior debt Baa1; stable outlook” on November 03, 2016. More interesting news about Principal Financial Group Inc (NYSE:PFG) were released by: Businesswire.com and their article: “Principal Financial Group, Inc. To Host 2017 Outlook Call on Dec. 6, 2016” published on November 09, 2016 as well as Businesswire.com‘s news article titled: “Principal Financial Group Announces Tender Offers for Outstanding Debt Securities” with publication date: November 03, 2016.

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