In a filing, Principal Financial Group Inc revealed its Officer WEE YEE CHEONG acquired Company’s shares for reported $1.18 million on Feb 27 ’25. In the deal valued at $87.29 per share,13,468 shares were bought.
Then, WEE YEE CHEONG bought 800 shares, generating $69,612 in total proceeds.
Before that, DEANNA STRABLE-SOETHOUT bought 21,780 shares. Principal Financial Group Inc shares valued at $1,717,135 were divested by the Officer at a price of $78.84 per share.
BMO Capital Markets initiated its Principal Financial Group Inc [PFG] rating to a Market perform in a research note published on January 23, 2025; the price target was $93. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. Piper Sandler also remained covering PFG and has increased its forecast on December 18, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Wells Fargo revised its rating on December 11, 2024. It rated PFG as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of PFG
On Monday, Principal Financial Group Inc [NASDAQ:PFG] saw its stock fall -2.61% to $70.26. Over the last five days, the stock has lost -3.24%. Principal Financial Group Inc shares have fallen nearly -9.24% since the year began. Nevertheless, the stocks have fallen -10.47% over the past one year. While a 52-week high of $91.97 was reached on 03/03/25, a 52-week low of $68.39 was recorded on 04/09/25. SMA at 50 days reached $82.14, while 200 days put it at $82.21.
Levels Of Support And Resistance For PFG Stock
The 24-hour chart illustrates a support level at 69.44, which if violated will result in even more drops to 68.62. On the upside, there is a resistance level at 71.44. A further resistance level may holdings at 72.62. The Relative Strength Index (RSI) on the 14-day chart is 35.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.65%. Stochastics %K at 17.28% indicates the stock is a buying.
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 2025-03-31, growing by 1.74 million shares to a total of 5.73 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 4.0 million shares. There was a rise of 30.28%, which implies that there is a positive sentiment for the stock.
