Principal Fincl (PFG) is Downgraded by Citigroup to Sell

Principal Fincl (PFG) is Downgraded by Citigroup to Sell , according to the research report released to the investors. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Principal Financial Group Inc. has dropped 4.33% during the last 3-month period . Year-to-Date the stock performance stands at -10.79%.

Principal Financial Group Inc (NYSE:PFG) has lost 1.49% during the past week and dropped 8.47% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 0.67%. Principal Financial Group Inc (NYSE:PFG) has underperformed the index by 6.33% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Principal Financial Group Inc (NYSE:PFG) ended Thursday session in red amid volatile trading. The shares closed down 0.49 points or 1.08% at $44.98 with 933,670 shares getting traded. Post opening the session at $45.21, the shares hit an intraday low of $44.922 and an intraday high of $45.87 and the price vacillated in this range throughout the day. The company has a market cap of $13,168 million and the number of outstanding shares have been calculated to be 292,751,140 shares. The 52-week high of Principal Financial Group Inc (NYSE:PFG) is $58.02 and the 52-week low is $41.67.

Currently the company Insiders own 1.62% of Principal Financial Group Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.54% . Institutional Investors own 67.83% of Principal Financial Group Inc shares. During last six month period, the net percent change held by insiders has seen a change of -6.54%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Mccaughan James P, officer (President – Global Asset Mgmt.) of Principal Financial Group Inc, had unloaded 10,000 shares at an average price of $44.97 in a transaction dated on December 14, 2015. The total value of the transaction was worth $449,700.

Principal Financial Group, Inc. (PFG) is a provider of retirement savings, investment and insurance products and services. As of December 31, 2011, the Company had approximately 18 million customers. PFGs United States and international operations concentrate primarily on asset accumulation and asset management. PFG offers a range of individual and group life insurance, individual and group disability insurance, and group dental and vision insurance. It focuses on small and medium-sized businesses providing an array of retirement and employee benefit solutions. The Company operates in four segments: retirement and investor services, principal global investors, principal international, and United States insurance solutions. PFGs corporate segment consists of the assets and activities that have not been allocated to any other segment. As of December 31, 2011, it owned 26 properties in Des Moines, Iowa, and in various other locations. In February 2013, it acquired AFP Cuprum S.A.