Beacon Financial Group Decreased Principal Financial Group (PFG) Stake by $4.33 Million as Shares Declined

April 26, 2018 - By Don Salinas

Principal Financial Group, Inc. (NASDAQ:PFG) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.39. That’s change of 0.21, from 2017Q3’s 1.18. 28 investors sold all, 150 reduced holdings as PFG ratio increased. 172 rose stakes while 75 funds took stakes. Funds hold 196.66 million shares thus 1.15% more from 2017Q3’s 194.42 million shares. Dimensional Fund Advsrs LP has 0.1% invested in Principal Financial Group, Inc. (NASDAQ:PFG). Kepos Capital LP holds 16,487 shs. Ibm Retirement Fund has invested 0.09% in Principal Financial Group, Inc. (NASDAQ:PFG). Legal And General Grp Public Ltd Com reported 0.07% of its capital in Principal Financial Group, Inc. (NASDAQ:PFG). Bessemer Gru holds 0% or 2,206 shs in its capital. Haverford reported 4,747 shs or 0.01% of all its holdings. Canada Pension Plan Board, a Ontario – Canada-based fund reported 236,635 shs. State Street owns 13.50 million shs for 0.08% of their capital. Gideon Advsr Inc invested in 0.48% or 7,752 shs. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys invested in 24,021 shs or 0.02% of the stock. Blume invested in 0.02% or 599 shs. Guggenheim Cap Limited Liability Corp owns 823,171 shs or 0.14% of their US capital. Gam Holdings Ag has 0.04% invested in Principal Financial Group, Inc. (NASDAQ:PFG) for 17,131 shs. Jfs Wealth Advisors Limited Company reported 403 shs. Virtus Advisers holds 0.12% of its capital in Principal Financial Group, Inc. (NASDAQ:PFG) for 35,960 shs.

PFG registered $13.31 million net activity with 0 insider buys and 5 insider sales since December 14, 2017. Houston Daniel Joseph sold $1.43M worth of Principal Financial Group, Inc. (NASDAQ:PFG) or 19,856 shs on Monday, January 8. SCHOLTEN GARY P sold $1.74 million worth of Principal Financial Group, Inc. (NASDAQ:PFG) or 24,310 shs on Monday, January 8.

According to 2017Q4 Securities and Exchange filling the Beacon Financial Group reduced its stake in Principal Financial Group (PFG) by 47.34%. By selling 61,886 shares Beacon Financial Group made the stock sank with 17.50%. At the end of 2017Q4, the institutional investor held 68,839 shares of the accident &health insurance company, valued at $4.86 million, down from 130,725 at the end of the previous reported quarter. Beacon Financial Group has risen its stake in Cvs Caremark Corporation (NYSE:CVS) and also increased its holding in Wisdomtree Tr (DON) by 136,810 shares in the quarter, for a total of 202,599 shares.

Principal Financial Group, Inc. (NASDAQ:PFG) Ratings Coverage

A total of 10 analysts rate Principal Financial (NYSE:PFG) as follows: 2 “Buy”, 8 “Hold” and 0 “Sell”. Тherefore 20% are bullish. The firm has $80.0 highest and $62 lowest target. The avg target $69.33 is 13.51% above the last ($61.08) price. (NYSE:PFG) has 16 ratings reports on Apr 26, 2018 according to StockzIntelligence. On Tuesday, April 3 Wells Fargo maintained the shares of PFG in report with “Hold” rating. The stock rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. On Thursday, April 5 Morgan Stanley maintained Principal Financial Group, Inc. (NASDAQ:PFG) rating. Morgan Stanley has “Equal-Weight” rating and $77 target. In Monday, February 12 report J.P. Morgan upgraded the stock to “Hold” rating. The stock rating was maintained by RBC Capital Markets with “Buy” on Tuesday, January 30. On Sunday, December 10 the firm earned “Hold” rating by Keefe Bruyette & Woods. On Wednesday, April 11 the rating was maintained by Keefe Bruyette & Woods with “Hold”. On Tuesday, January 9 the stock of Principal Financial Group, Inc. (NASDAQ:PFG) has “Market Perform” rating given by Wells Fargo. On Monday, February 12 the rating was upgraded by JP Morgan to “Neutral”. On Wednesday, January 31 Keefe Bruyette & Woods maintained Principal Financial Group, Inc. (NASDAQ:PFG) rating. Keefe Bruyette & Woods has “Hold” rating and $76.0 target.

Principal Financial Group, Inc. (NASDAQ:PFG) Institutional Investors Chart

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