Pineno Levin & Ford Asset Management Inc. lowered its position in shares of Principal Financial Group Inc (NYSE:PFG) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,620 shares of the financial services provider’s stock after selling 1,200 shares during the quarter. Pineno Levin & Ford Asset Management Inc.’s holdings in Principal Financial Group were worth $1,788,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ropes Wealth Advisors LLC increased its holdings in Principal Financial Group by 9.6% during the first quarter. Ropes Wealth Advisors LLC now owns 4,470 shares of the financial services provider’s stock worth $224,000 after buying an additional 390 shares during the last quarter. Sciencast Management LP purchased a new position in Principal Financial Group in the 1st quarter worth approximately $235,000. Carnick & Kubik Group LLC boosted its holdings in Principal Financial Group by 3.6% in the first quarter. Carnick & Kubik Group LLC now owns 43,500 shares of the financial services provider’s stock worth $2,184,000 after acquiring an additional 1,500 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Principal Financial Group during the first quarter valued at $296,000. Finally, Truvestments Capital LLC bought a new position in Principal Financial Group during the first quarter valued at approximately $47,000. 68.64% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Julia M. Lawler sold 1,000 shares of the stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $50.00, for a total transaction of $50,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amy Christine Friedrich sold 900 shares of the stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $49.00, for a total transaction of $44,100.00. The disclosure for this sale can be found here. Insiders sold 4,900 shares of company stock valued at $247,390 in the last 90 days. 1.50% of the stock is currently owned by insiders.
NYSE:PFG traded up $0.69 during trading hours on Tuesday, hitting $54.98. The company’s stock had a trading volume of 187,845 shares, compared to its average volume of 1,764,673. Principal Financial Group Inc has a 52-week low of $40.42 and a 52-week high of $62.07.
Principal Financial Group (NYSE:PFG) last posted its earnings results on Tuesday, January 29th. The financial services provider reported $1.11 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.18). The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter in the previous year, the business earned $1.19 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 4th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.16 annualized dividend and a yield of 3.93%.
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About Principal Financial Group
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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