Checking in on Principal Financial Group Inc. (PFG) after recent insiders movement


Principal Financial Group Inc.’s recent filing unveils that its Director HELTON SANDRA L unloaded Company’s shares for reported $80020.0 on Oct 19. In the deal valued at $80.02 per share,1,000 shares were sold. As a result of this transaction, HELTON SANDRA L now holds 35,747 shares worth roughly $ 3.22 million.

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Then, HELTON SANDRA L sold 14,033 shares, generating $1,123,342 in total proceeds. Upon selling the shares at $80.05, the Director now owns 18,245 shares.

Before that, Cheong Wee Yee sold 2,447 shares. Principal Financial Group Inc. shares valued at $191,967 were divested by the EVP, Principal Asia at a price of $78.45 per share. As a result of the transaction, Cheong Wee Yee now holds 34,700 shares, worth roughly $3.12 million.

Barclays downgraded its Principal Financial Group Inc. [PFG] rating to an Equal weight from a an Overweight in a research note published on Monday, November 01, 2022; the price target was increased to $89 from $81. PT values the company’s stock at a premium of -1.16 to its Monday closing price. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in late October from “a Mkt perform” to “an Underperform”. JP Morgan also remained covering PFG and has decreased its forecast on October 07, 2022 with a “an Underweight” recommendation from previously “Neutral” rating. Raymond James started covering the stock on September 22, 2022. It rated PFG as “a Mkt perform”.

Price Performance Review of PFG

On Monday, Principal Financial Group Inc. [NASDAQ:PFG] saw its stock jump 0.17% to $90.03. On the same session, the stock had its day’s lowest price of $88.95, but rose to a high of $90.39. Over the last five days, the stock has gained 2.16%. Principal Financial Group Inc. shares have risen nearly 24.47% since the year began. Nevertheless, the stocks have risen 30.57% over the past one year. While a 52-week high of $89.90 was reached on 11/07/22, a 52-week low of $61.05 was recorded on 07/14/22. SMA at 50 days reached $78.22, while 200 days put it at $72.49. A total of 1.27 million shares were traded, compared to the trading of 0.21 million shares in the previous session.

Levels Of Support And Resistance For PFG Stock

The 24-hour chart illustrates a support level at 89.19, which if violated will result in even more drops to 88.35. On the upside, there is a resistance level at 90.63. A further resistance level may holdings at 91.23. The Relative Strength Index (RSI) on the 14-day chart is 73.32, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.60%. Stochastics %K at 91.85% indicates the stock is a selling.

How much short interest is there in Principal Financial Group Inc.?

A steep rise in short interest was recorded in Principal Financial Group Inc. stocks on Jul 14, 2022, growing by 0.12 million shares to a total of 10.01 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 9.89 million shares. There was a rise of 1.2%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.48% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.87.

Principal Financial Group Inc. [PFG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 27,600,994 shares, or roughly 11.07% of the outstanding PFG shares. In other words, the investor’s shares have fallen by -399,493 from its previous 13-F filing of 28000487.0. Additionally, Nissay Asset Management Corp. decreased -0.01% of its stake after which the total value it holdings stand at $1,310,559,368, while BlackRock Fund Advisors reduced -0.80% of its stake to hold $1.17 billion in the firm. Over the last quarter, Managed Account Advisors LLC purchased 4,665,608 shares of Principal Financial Group Inc., while SSgA Funds Management, Inc. bought -866,082 shares. At present, Capital Research & Management Co is holding 11,889,843 shares valued at $857.85 million. Geode Capital Management LLC owned 4,940,995 shares of the company at the time of its most recent 13F filing, worth $356.49 million.

According to FactSet, Principal Financial Group Inc.’s share price will average $77.00 in the next year, based on opinions of analysts polled by the firm. This is down nearly -14.89 percent from its previous closing price of $89.88. Analysts expect Principal Financial Group Inc. stock to reach the higher price of $90.00, while the lowest price estimate is $61.00. However, 17 analysts have rated PFG stock as an Underweight in their predictions for 2022.


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