Large Outflow of Money Witnessed in Principal Financial Group Inc

Shares of Principal Financial Group Inc (PFG) advanced to $57.2. The price had gained 0.19% or 0.11 points intraday. The latest trading session witnessed $17.49 million in upticks and $22.9 million in downticks, resulting in net money flow of (-5.41) million. The up/down ratio for the day stood at 0.76. On a weekly scale, the price has seen a change of -1.38%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-5) million occurred during the day. $1.26 million in uptick and $6.26 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.2.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Principal Financial Group, Inc. has lost 4.11% in the last five trading days and dropped 1.14% in the last 4 weeks. Principal Financial Group, Inc. is up 5.55% in the last 3-month period. Year-to-Date the stock performance stands at -1.14%. Principal Financial Group Inc (NYSE:PFG) rose 0.19% or 0.11 points on Wednesday and made its way into the gainers of the day. After trading began at $57.65 the stock was seen hitting $58.57 as a peak level and $56.97 as the lowest level. The stock ended up at $57.2. The daily volume was measured at 1,940,439 shares. The 52-week high of the share price is $61.34 and the 52-week low is $33.09. The company has a market cap of $16,456 million.

Company has reported several Insider transactions to the SEC, on Dec 13, 2016, Deanna D Strable-soethout (President – US Ins. Solutions) sold 6,549 shares at 60.08 per share price.On Dec 13, 2016, Nora Mary Everett (President – RIS) sold 18,700 shares at 59.41 per share price.On Dec 9, 2016, Gary P Scholten (EVP & Ch Info Officer) sold 13,549 shares at 60.31 per share price.

Principal Financial Group Inc Last issued its quarterly earnings results on Jan 30, 2017. The company reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.12. Analyst had a consensus of $1.15.Analysts expectations of $ 3034.45.During the same quarter in the previous year, the company posted $1.02 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Principal Financial Group Inc was Initiated by Citigroup to Neutral on Jan 26, 2017. Company shares were Reiterated by RBC Capital Mkts on Nov 17, 2016 to Outperform, Raises Price Target to $ 61 from a previous price target of $52 .Company shares were Reiterated by Barclays on Nov 17, 2016 to Equal Weight, Raises Price Target to $ 57 from a previous price target of $51 .

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.


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