Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 550 Shares of Principal Financial Group Inc (NYSE:PFG)

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Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its holdings in shares of Principal Financial Group Inc (NYSE:PFG) by 48.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 595 shares of the financial services provider’s stock after selling 550 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Principal Financial Group were worth $33,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. National Pension Service lifted its stake in Principal Financial Group by 5.4% in the third quarter. National Pension Service now owns 408,988 shares of the financial services provider’s stock valued at $23,370,000 after buying an additional 20,857 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Principal Financial Group during the third quarter worth about $8,998,000. Cadence Capital Management LLC raised its position in shares of Principal Financial Group by 4.7% during the third quarter. Cadence Capital Management LLC now owns 13,011 shares of the financial services provider’s stock worth $743,000 after purchasing an additional 586 shares during the period. Russell Investments Group Ltd. raised its position in shares of Principal Financial Group by 66.8% during the third quarter. Russell Investments Group Ltd. now owns 231,719 shares of the financial services provider’s stock worth $13,268,000 after purchasing an additional 92,758 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of Principal Financial Group by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 95,495 shares of the financial services provider’s stock worth $5,457,000 after purchasing an additional 356 shares during the period. Institutional investors own 68.64% of the company’s stock.

NYSE PFG opened at $55.33 on Friday. The stock’s 50-day moving average is $55.03 and its 200-day moving average is $55.49. Principal Financial Group Inc has a one year low of $46.56 and a one year high of $60.81.

Principal Financial Group (NYSE:PFG) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.23 EPS for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.23). During the same period in the prior year, the business earned $1.67 earnings per share.

A number of research firms have recently commented on PFG. Morgan Stanley set a $56.00 price target on Principal Financial Group and gave the stock a “hold” rating in a research report on Friday, October 25th. UBS Group dropped their price target 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $57.40.

In related news, EVP Julia M. Lawler sold 1,000 shares of Principal Financial Group stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $54.63, for a total value of $54,630.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.

Principal Financial Group Company 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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