Principal Financial Group INC (PFG) Stock Price Declined While Denali Advisors LLC Boosted Its Position

September 8, 2018 - By Pearl Odom

Principal Financial Group, Inc. (NASDAQ:PFG) LogoInvestors sentiment decreased to 0.85 in Q1 2018. Its down 0.54, from 1.39 in 2017Q4. It fall, as 54 investors sold PFG shares while 173 reduced holdings. 52 funds opened positions while 142 raised stakes. 191.97 million shares or 2.39% less from 196.66 million shares in 2017Q4 were reported. First Interstate National Bank owns 20 shares or 0% of their US portfolio. Savant Cap Ltd Liability holds 0.06% of its portfolio in Principal Financial Group, Inc. (NASDAQ:PFG) for 4,923 shares. Kepos Ltd Partnership holds 0.06% of its portfolio in Principal Financial Group, Inc. (NASDAQ:PFG) for 16,487 shares. Hartford Invest Commerce accumulated 56,746 shares. Leuthold Grp Incorporated Ltd Llc has 0.47% invested in Principal Financial Group, Inc. (NASDAQ:PFG). Hsbc Hldgs Public Ltd Com holds 479,593 shares or 0.04% of its portfolio. Employees Retirement Systems Of Texas stated it has 156,100 shares. Montag A & Associate holds 0.24% of its portfolio in Principal Financial Group, Inc. (NASDAQ:PFG) for 38,250 shares. Martingale Asset Mngmt Lp owns 411,072 shares or 0.32% of their US portfolio. Shelton Capital Mngmt reported 15,691 shares. First Trust Lp owns 655,580 shares. Axa invested 0% of its portfolio in Principal Financial Group, Inc. (NASDAQ:PFG). 24,348 are owned by Jefferies Group Incorporated Limited Liability Corp. Huntington Bancorp invested in 1,517 shares or 0% of the stock. Moreover, Millennium Mngmt Ltd Liability has 0.06% invested in Principal Financial Group, Inc. (NASDAQ:PFG).

Since June 4, 2018, it had 0 insider purchases, and 2 insider sales for $2.18 million activity.

Denali Advisors Llc increased its stake in Principal Financial Group Inc. (PFG) by 22.3% based on its latest 2018Q1 regulatory filing with the SEC. Denali Advisors Llc bought 53,200 shares as the company’s stock declined 8.99% with the market. The institutional investor held 291,817 shares of the accident &health insurance company at the end of 2018Q1, valued at $17.78M, up from 238,617 at the end of the previous reported quarter. Denali Advisors Llc who had been investing in Principal Financial Group Inc. for a number of months, seems to be bullish on the $15.68 billion market cap company. The stock decreased 1.18% or $0.66 during the last trading session, reaching $55.06. About 1.33 million shares traded. Principal Financial Group, Inc. (NYSE:PFG) has declined 7.07% since September 8, 2017 and is downtrending. It has underperformed by 19.64% the S&P500.

Denali Advisors Llc, which manages about $357.49 million and $623.59M US Long portfolio, decreased its stake in Hp Inc. by 388,300 shares to 43,400 shares, valued at $951,000 in 2018Q1, according to the filing. It also reduced its holding in Exelon Corporation (NYSE:EXC) by 132,100 shares in the quarter, leaving it with 49,500 shares, and cut its stake in Southern Copper Corp. (NYSE:SCCO).

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

Among 6 analysts covering Principal Financial (NYSE:PFG), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Principal Financial had 9 analyst reports since March 26, 2018 according to SRatingsIntel. Keefe Bruyette & Woods maintained Principal Financial Group, Inc. (NASDAQ:PFG) rating on Wednesday, April 11. Keefe Bruyette & Woods has “Hold” rating and $7200 target. Morgan Stanley maintained Principal Financial Group, Inc. (NASDAQ:PFG) rating on Thursday, April 5. Morgan Stanley has “Equal-Weight” rating and $77 target. Morgan Stanley maintained Principal Financial Group, Inc. (NASDAQ:PFG) on Wednesday, July 11 with “Equal-Weight” rating. Barclays Capital maintained the shares of PFG in report on Monday, July 9 with “Overweight” rating. Credit Suisse maintained the shares of PFG in report on Friday, August 17 with “Neutral” rating. On Tuesday, April 3 the stock rating was maintained by Wells Fargo with “Hold”. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, April 27.

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

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