Insurance Technology Industry News

TMCNet:  Downgrade Alert for Principal Financial Group (PFG)

[January 11, 2013]

Downgrade Alert for Principal Financial Group (PFG)

Jan 11, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Principal Financial Group (NYSE:PFG) was downgraded from Neutral to Sell at UBS today. The stock closed yesterday at $29.67 on volume of 1.2 million shares, below average daily volume of 1.7 million. There is potential upside of 7.6% for shares of Principal Financial Group based on a current price of $29.67 and an average consensus analyst price target of $31.93. Principal Financial Group shares have support at the 50-day moving average (MA) of $27.74 and additional support at the 200-day MA of $26.90.

Principal Financial Group share prices have moved between a 52-week high of $29.96 and a 52-week low of $23.09 and closed yesterday at 28% above that low price at $29.67 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Principal Financial Group, Inc. offers businesses, individuals and institutional clients a range of financial products and services. The Company offers retirement solutions, life and health insurance, wellness programs, and investment and banking products.

SmarTrend recommended that subscribers consider buying shares of Principal Financial Group on December 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.80. Since that recommendation, shares of Principal Financial Group have risen 6.7%. We continue to monitor PFG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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