Denali Advisors LLC Raised Principal Financial Group INC (PFG) Holding by $3.19 Million

August 12, 2018 - By Richard Doty

Principal Financial Group, Inc. (NASDAQ:PFG) LogoInvestors sentiment decreased to 0.85 in 2018 Q1. Its down 0.54, from 1.39 in 2017Q4. It worsened, 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. Thrivent Financial For Lutherans stated it has 226,570 shares or 0.05% of all its holdings. Private Ocean Ltd, a California-based fund reported 159 shares. Vigilant Mngmt Limited Liability Co invested 0.01% of its portfolio in Principal Financial Group, Inc. (NASDAQ:PFG). Ameritas Invest Ptnrs holds 0.02% in Principal Financial Group, Inc. (NASDAQ:PFG) or 5,813 shares. Deutsche Bank Ag holds 0.05% or 1.16 million shares in its portfolio. Fny Managed Accounts Limited Com has invested 0% in Principal Financial Group, Inc. (NASDAQ:PFG). Signaturefd Limited Liability Corp invested in 0.01% or 1,470 shares. Ibm Retirement Fund owns 5,873 shares for 0.07% of their portfolio. 16,400 are owned by Louisiana State Employees Retirement. Smithfield Tru invested 0% of its portfolio in Principal Financial Group, Inc. (NASDAQ:PFG). Dt Inv Prtnrs Limited Liability Corp owns 52,290 shares. Mitsubishi Ufj Trust And Banking Corporation reported 597,415 shares. Macquarie Group Limited has invested 0% of its portfolio in Principal Financial Group, Inc. (NASDAQ:PFG). Moreover, Chevy Chase Tru Incorporated has 0.06% invested in Principal Financial Group, Inc. (NASDAQ:PFG). Segall Bryant & Hamill Ltd Company holds 0.01% or 4,450 shares.

Since February 26, 2018, it had 0 insider buys, and 3 insider sales for $3.95 million activity. Valdes Luis E. sold $1.77 million worth of stock or 27,662 shares.

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 $15.37 billion market cap company. The stock decreased 2.98% or $1.66 during the last trading session, reaching $53.98. About 997,261 shares traded. Principal Financial Group, Inc. (NYSE:PFG) has declined 7.07% since August 12, 2017 and is downtrending. It has underperformed by 19.64% the S&P500.

Denali Advisors Llc, which manages about $357.49M and $623.59 million US Long portfolio, decreased its stake in Illinois Tool Works (NYSE:ITW) by 21,800 shares to 49,890 shares, valued at $7.82M in 2018Q1, according to the filing. It also reduced its holding in Assured Guaranty Ltd (NYSE:AGO) by 138,500 shares in the quarter, leaving it with 261,800 shares, and cut its stake in Southern Copper Corp. (NYSE:SCCO).

Another recent and important Principal Financial Group, Inc. (NASDAQ:PFG) news was published by Businesswire.com which published an article titled: “Principal Announces Second Quarter 2018 Results” on July 26, 2018.

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

Among 7 analysts covering Principal Financial Group (NYSE:PFG), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Principal Financial Group had 9 analyst reports since March 2, 2018 according to SRatingsIntel. The rating was maintained by Wells Fargo on Tuesday, April 3 with “Hold”. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, July 11. The stock of Principal Financial Group, Inc. (NASDAQ:PFG) earned “Equal-Weight” rating by Morgan Stanley on Thursday, April 5. Barclays Capital maintained it with “Overweight” rating and $68 target in Monday, July 9 report. Keefe Bruyette & Woods maintained Principal Financial Group, Inc. (NASDAQ:PFG) rating on Wednesday, April 11. Keefe Bruyette & Woods has “Hold” rating and $7200 target. The firm earned “Equal-Weight” rating on Friday, April 27 by Morgan Stanley.

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

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