Principal Financial Group (PFG) 11/6/09 PriceWatch Alert Targets 24.59% Return
Posted: Friday, November 06, 2009 8:32 AM EDT
By: Market Intelligence Center Staff
Principal Financial Group (NYSE: PFG) closed yesterday at $25.45. So far the stock has hit a 52-week low of $5.41 and 52-week high of $30.87. Principal Financial Group stock has been showing support around 24.37 and resistance in the 26.29 range. Technical indicators for the stock are Bearish and S&P gives PFG a neutral 3 STAR (out of 5) hold rating. PFG appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 23 covered call (PFG AH) for a net debit in the $21.95 area. That is also the break even stock price for this trade. This covered call has a 71 day duration, provides 13.75% downside protection and a 4.78% assigned return rate for a 24.59% annualized return rate (comparison purposes only). Principal Financial Group has a current annual dividend yield of 1.79%. [FBB-Seven Summits Research]
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