Capital Management Corp Va Lowers stake in Principal Financial Group Inc (PFG)

Principal Financial Group Inc (PFG) : Capital Management Corp Va reduced its stake in Principal Financial Group Inc by 5.88% during the most recent quarter end. The investment management company now holds a total of 189,346 shares of Principal Financial Group Inc which is valued at $8,458,086 after selling 11,822 shares in Principal Financial Group Inc , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Principal Financial Group Inc makes up approximately 3.11% of Capital Management Corp Va’s portfolio.

Other Hedge Funds, Including , Hartford Investment Management Co reduced its stake in PFG by selling 3,873 shares or 5.37% in the most recent quarter. The Hedge Fund company now holds 68,187 shares of PFG which is valued at $3,045,913. Principal Financial Group Inc makes up approx 0.06% of Hartford Investment Management Co’s portfolio. St. Johns Investment Management Company sold out all of its stake in PFG during the most recent quarter. The investment firm sold 145 shares of PFG which is valued $6,445. Benin Management Corp added PFG to its portfolio by purchasing 6,600 company shares during the most recent quarter which is valued at $284,790. Principal Financial Group Inc makes up approx 0.14% of Benin Management Corp’s portfolio.

Principal Financial Group Inc opened for trading at $44.5 and hit $44.51 on the upside on Wednesday, eventually ending the session at $44.45, with a gain of 0.50% or 0.22 points. The heightened volatility saw the trading volume jump to 10,73,583 shares. Company has a market cap of $12,884 M.

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 BofA/Merrill to ” Neutral” on Jun 29, 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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