27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Keefe, Bruyette & Woods, Inc analyst Ryan Krueger upgraded Principal Financial Group Inc (NASDAQ:PFG) to Market Perform from Underperform at a reduced price target of $75 from $77.
The analyst believes PFG's investment portfolio is overweight, given the commercial real estate business, with loans + CMBS at 23% of invested assets (vs 14% for the life insurance sector).
However, the analyst thinks PFG's invested asset leverage is below average owing to its favorable business mix (6x vs 9x life peers) and strong CRE credit quality.
Krueger modestly raised 2023 and 2024 EPS to $6.75 (vs. $6.65 earlier) and $7.50 (vs. $7.40 earlier) to reflect better margin trends expected in the Retirement business.
In April, PFG reported Q1 2023 adjusted EPS of $1.48, missing the consensus of $1.53.
Price Action: PFG shares are trading higher by 0.54% at $71.21 on the last check Friday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!