Tealwood Asset Management Inc buys $6,528,915 stake in Principal Financial Group Inc (PFG)

Principal Financial Group Inc (PFG) : Tealwood Asset Management Inc scooped up 2,525 additional shares in Principal Financial Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 155,933 shares of Principal Financial Group Inc which is valued at $6,528,915.Principal Financial Group Inc makes up approximately 2.93% of Tealwood Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Johnson Financial Group boosted its stake in PFG in the latest quarter, The investment management firm added 169 additional shares and now holds a total of 1,548 shares of Principal Financial Group Inc which is valued at $64,815. Principal Financial Group Inc makes up approx 0.01% of Johnson Financial Group’s portfolio.Pacad Investment Ltd. reduced its stake in PFG by selling 500 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 38,420 shares of PFG which is valued at $1,621,324. Principal Financial Group Inc makes up approx 0.19% of Pacad Investment Ltd.’s portfolio.Andra Ap-fonden reduced its stake in PFG by selling 800 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 74,200 shares of PFG which is valued at $3,131,240. Principal Financial Group Inc makes up approx 0.08% of Andra Ap-fonden’s portfolio. Delta Asset Managementtn sold out all of its stake in PFG during the most recent quarter. The investment firm sold 750 shares of PFG which is valued $32,010.Calamos Advisors boosted its stake in PFG in the latest quarter, The investment management firm added 3,031 additional shares and now holds a total of 54,949 shares of Principal Financial Group Inc which is valued at $2,345,223. Principal Financial Group Inc makes up approx 0.02% of Calamos Advisors’s portfolio.

Principal Financial Group Inc closed down -0.58 points or -1.37% at $41.87 with 9,58,880 shares getting traded on Friday. Post opening the session at $42.38, the shares hit an intraday low of $41.75 and an intraday high of $42.97 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Principal Financial Group Inc reported $0.97 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.99. The company had revenue of $2937.90 million for the quarter, compared to analysts expectations of $2869.38 million. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS.

Many Wall Street Analysts have commented on Principal Financial Group Inc. Principal Financial Group Inc was Downgraded by Atlantic Equities to ” Neutral” on Feb 26, 2016.

Principal Financial Group Inc. is an investment management company. The Company offers businesses individuals and institutional clients a range of financial products and services including retirement asset management and insurance through its financial services companies. Its segments include Retirement and Investor Services Principal Global Investors Principal International and U.S. Insurance Solutions. Its Retirement and Investor Services segment provides retirement and related financial products and services primarily to businesses their employees and other individuals. The Principal Global Investors segment provides asset management services.. The Principal International segment offers pension accumulation products and services mutual funds asset management income annuities and life insurance accumulation products. The U.S. Insurance Solutions segment offers individual and group insurance solutions.

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