Live Price Coverage: Is Principal Financial Group Inc a Buy? The Stock Reaches 52-Week High Today

Live Price Coverage: Is Principal Financial Group Inc a Buy? The Stock Reaches 52 Week High Today

The stock of Principal Financial Group Inc (NYSE:PFG) hit a new 52-week high and has $81.27 target or 55.00% above today’s $52.43 share price. The 9 months bullish chart indicates low risk for the $15.51B company. The 1-year high was reported on Oct, 6 by If the $81.27 price target is reached, the company will be worth $8.53 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 141,181 shares traded hands. Principal Financial Group Inc (NYSE:PFG) has risen 34.60% since March 3, 2016 and is uptrending. It has outperformed by 26.26% the S&P500.

Analysts await Principal Financial Group Inc (NYSE:PFG) to report earnings on October, 27 after the close. They expect $1.11 earnings per share, up 4.72% or $0.05 from last year’s $1.06 per share. PFG’s profit will be $328.36 million for 11.81 P/E if the $1.11 EPS becomes a reality. After $1.15 actual earnings per share reported by Principal Financial Group Inc for the previous quarter, Wall Street now forecasts -3.48% negative EPS growth.

Principal Financial Group Inc (NYSE:PFG) Ratings Coverage

Out of 11 analysts covering Principal Financial Group Inc. (NYSE:PFG), 4 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 36% are positive. $61 is the highest target while $35 is the lowest. The $48.88 average target is -6.77% below today’s ($52.43) stock price. Principal Financial Group Inc. has been the topic of 17 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Atlantic Securities downgraded Principal Financial Group Inc (NYSE:PFG) on Friday, February 26 to “Neutral” rating. The stock has “Mkt Perform” rating given by Bruyette & Woods” on Tuesday, August 18. The firm has “Outperform” rating given on Friday, October 23 by Macquarie Research. On Tuesday, January 5 the stock rating was downgraded by Citigroup to “Sell”. The rating was downgraded by Goldman Sachs to “Sell” on Thursday, September 10. The firm has “Market Perform” rating by KBW given on Tuesday, August 18. The company was maintained on Tuesday, February 2 by RBC Capital Markets. The company was maintained on Wednesday, April 6 by Citigroup. The stock of Principal Financial Group Inc (NYSE:PFG) earned “Outperform” rating by Wells Fargo on Friday, September 23. Barclays Capital maintained the stock with “Equal Weight” rating in Friday, July 29 report.

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 is positive, 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.
Columbia Partners L L C Inv Mngmt accumulated 0.07% or 23,961 shares. Teacher Retirement System Of Texas has 98,948 shares for 0.03% of their US portfolio. Arizona State Retirement holds 0.06% or 96,316 shares in its portfolio. Farmers And Merchants Investments Inc holds 2,979 shares or 0.01% of its portfolio. Robeco Institutional Asset Mngmt Bv has 361,325 shares for 0.11% of their US portfolio. Riggs Asset Managment reported 693 shares or 0.01% of all its holdings. Ellington Grp Inc Limited Liability Company, a Connecticut-based fund reported 6,100 shares. Raymond James Fincl Advsrs last reported 0.01% of its portfolio in the stock. Qci Asset Mngmt Ny holds 0% or 105 shares in its portfolio. Commercial Bank Of New York Mellon Corp accumulated 0.11% or 8.43 million shares. Citadel Advsrs Lc has invested 0% of its portfolio in Principal Financial Group Inc (NYSE:PFG). Inv Advsrs Ltd Liability Com, a Georgia-based fund reported 9,361 shares. Envestnet Asset Mgmt has 7,416 shares for 0% of their US portfolio. Focused Wealth Mgmt Incorporated holds 0% of its portfolio in Principal Financial Group Inc (NYSE:PFG) for 110 shares. City owns 1,122 shares or 0.02% of their US portfolio.

Insider Transactions: Since April 14, 2016, the stock had 0 insider purchases, and 3 sales for $1.28 million net activity. MCCAUGHAN JAMES P sold 10,000 shares worth $431,300.

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.

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