Davidson Investment Advisors Sells 429 Shares of Principal Financial Group Inc (NYSE:PFG)

Davidson Investment Advisors decreased its position in shares of Principal Financial Group Inc (NYSE:PFG) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,898 shares of the financial services provider’s stock after selling 429 shares during the quarter. Davidson Investment Advisors owned about 0.06% of Principal Financial Group worth $9,194,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PFG. Krueger & Catalano Capital Partners LLC boosted its position in shares of Principal Financial Group by 3.7% during the second quarter. Krueger & Catalano Capital Partners LLC now owns 4,750 shares of the financial services provider’s stock valued at $275,000 after buying an additional 171 shares during the last quarter. Signature Wealth Management Group boosted its position in shares of Principal Financial Group by 0.3% during the third quarter. Signature Wealth Management Group now owns 57,432 shares of the financial services provider’s stock valued at $3,282,000 after buying an additional 190 shares during the last quarter. Unison Advisors LLC boosted its position in shares of Principal Financial Group by 1.0% during the second quarter. Unison Advisors LLC now owns 19,934 shares of the financial services provider’s stock valued at $1,154,000 after buying an additional 206 shares during the last quarter. Securian Asset Management Inc boosted its position in shares of Principal Financial Group by 0.8% during the second quarter. Securian Asset Management Inc now owns 26,682 shares of the financial services provider’s stock valued at $1,545,000 after buying an additional 209 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Principal Financial Group by 17.0% during the third quarter. Parallel Advisors LLC now owns 1,567 shares of the financial services provider’s stock valued at $90,000 after buying an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 68.64% of the company’s stock.

PFG stock traded up $0.15 during midday trading on Tuesday, hitting $55.71. The company’s stock had a trading volume of 2,917 shares, compared to its average volume of 1,368,822. The stock’s 50-day moving average price is $55.47 and its 200 day moving average price is $55.84. Principal Financial Group Inc has a 1 year low of $40.42 and a 1 year high of $60.81.

Principal Financial Group (NYSE:PFG) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.23). During the same period last year, the firm earned $1.67 earnings per share.

In other Principal Financial Group news, EVP Julia M. Lawler sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $57.56, for a total value of $57,560.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders sold 3,000 shares of company stock worth $164,450. Insiders own 1.50% of the company’s stock.

Several research analysts recently issued reports on the company. Barclays set a $66.00 target price on Principal Financial Group and gave the company a “buy” rating in a research report on Monday, August 12th. UBS Group cut their target price on Principal Financial Group from $49.00 to $48.00 and set a “sell” rating on the stock in a research report on Thursday, October 10th. Finally, Morgan Stanley set a $56.00 target price on Principal Financial Group and gave the company a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Principal Financial Group presently has a consensus rating of “Hold” and a consensus target price of $56.17.

Principal Financial Group Profile

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.

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Institutional Ownership by Quarter for Principal Financial Group (NYSE:PFG)

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