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AI Analysis of PFG
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Evaluation of Principal Financial Group Inc stock downgraded after the last trading session.
(Updated on Mar 18, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 1.62% PDF

The Principal Financial Group Inc stock price fell by -0.363% on the last day (Monday, 18th Mar 2024) from $82.55 to $82.25. During the last trading day the stock fluctuated 1.24% from a day low at $82.11 to a day high of $83.13. The price has fallen in 5 of the last 10 days but is still up by 1.95% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 2 million shares were bought and sold for approximately $131.56 million.

The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $82.59 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.63% during the next 3 months and, with a 90% probability hold a price between $80.60 and $84.75 at the end of this 3-month period.

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PFG Signals & Forecast

The Principal Financial Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $80.86 and $79.86. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -0.363%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Principal Financial Group Inc stock

Principal Financial Group Inc finds support from accumulated volume at $80.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.02 between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.97%.

Our recommended stop-loss: $79.03 (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (PFG) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect Principal Financial Group Inc to open at $82.50, and during the day (based on 14 day Average True Range), to move between $80.83 and $83.67, which gives a possible trading interval of +/-$1.42 (+/-1.73%) up or down from last closing price. If Principal Financial Group Inc takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $82.55 (0.36%) than the support at $80.51 (2.12%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Principal Financial Group Inc stock A Buy?

Principal Financial Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.374 Hold/Accumulate Downgraded

Predicted Opening Price for Principal Financial Group Inc of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$82.50 ( 0.300%) $82.25

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PFG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 83.52 1.54 %
R2 83.13 1.07 %
R1 82.89 0.774 %
Current price: 82.25
Support S1 82.11 -0.174 %
S2 81.87 -0.466 %
S3 81.48 -0.94 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 82.55 0.365 %
Current price 82.25
Support S1 80.51 -2.12%
S2 79.97 -2.77%
S3 79.26 -3.64%

PFG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 09, 2024 Mar 11, 2024 Mar 28, 2024 $0.690 0.84%
2 Oct 26, 2023 Nov 30, 2023 Dec 20, 2023 $0.670 0.86%
3 Jul 26, 2023 Sep 06, 2023 Sep 29, 2023 $0.650 0.90%
4 Apr 26, 2023 May 31, 2023 Jun 30, 2023 $0.640 0.84%
5 Jan 27, 2023 Mar 14, 2023 Mar 31, 2023 $0.640 0.86%

FAQ

What is the symbol for Principal Financial Group Inc Stock and on which exchange is it traded?
The symbol for Principal Financial Group Inc is PFG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Principal Financial Group Inc Stock?
Principal Financial Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Principal Financial Group Inc Stock?
Principal Financial Group Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Principal Financial Group Inc Stock.

What's the current price of Principal Financial Group Inc Stock?
As of the end of day on the 2024-03-18, the price of an Principal Financial Group Inc (PFG) share was $82.25.

What is the 52-week high and low for Principal Financial Group Inc Stock?
The 52-week high for Principal Financial Group Inc Stock is $84.65 and the 52-week low is $65.17.

What is the market capitalization of Principal Financial Group Inc Stock?
As of the 2024-03-18, the market capitalization of Principal Financial Group Inc is 19.4B.

When is the next earnings date for Principal Financial Group Inc?
The upcoming earnings date for Principal Financial Group Inc is Apr 25, 2024.
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About Principal Financial Group Inc

Principal Financial Group Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Income Solutions segment provides a portfolio of asset accumulation products and services for retirement ... PFG Profile

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