As Principal Finl Group (PFG) Market Value Declined, Holder National Pension Service Has Lifted Position; Brave Warrior Advisors Increased Position in Liberty Global Plc (LBTYK) by $618,156

April 21, 2018 - By Louis Casey

Principal Financial Group, Inc. (NASDAQ:PFG) Logo

National Pension Service increased its stake in Principal Finl Group Inc (PFG) by 2.39% based on its latest 2017Q4 regulatory filing with the SEC. National Pension Service bought 7,471 shares as the company’s stock declined 17.50% with the market. The institutional investor held 320,613 shares of the accident &health insurance company at the end of 2017Q4, valued at $22.62M, up from 313,142 at the end of the previous reported quarter. National Pension Service who had been investing in Principal Finl Group Inc for a number of months, seems to be bullish on the $17.53B market cap company. The stock decreased 0.18% or $0.11 during the last trading session, reaching $60.89. About 1.09M shares traded. Principal Financial Group, Inc. (NYSE:PFG) has declined 5.35% since April 21, 2017 and is downtrending. It has underperformed by 16.90% the S&P500.

Glenn Greenberg increased its stake in Liberty Global Plc (LBTYK) by 0.27% based on its latest 2017Q4 regulatory filing with the SEC. Brave Warrior Advisors Llc bought 18,732 shares as the company’s stock declined 7.44% with the market. The hedge fund run by Glenn Greenberg held 6.99M shares of the television services company at the end of 2017Q4, valued at $236.52M, up from 6.97M at the end of the previous reported quarter. Brave Warrior Advisors Llc who had been investing in Liberty Global Plc for a number of months, seems to be bullish on the $24.89B market cap company. The stock decreased 1.36% or $0.42 during the last trading session, reaching $30.45. About 1.98 million shares traded. Liberty Global plc (NASDAQ:LBTYK) has declined 10.09% since April 21, 2017 and is downtrending. It has underperformed by 21.64% the S&P500.

Brave Warrior Advisors Llc, which manages about $2.80 billion and $2.35B US Long portfolio, decreased its stake in Brookfield Asset Mgmt Inc (NYSE:BAM) by 22,688 shares to 3.84M shares, valued at $167.31M in 2017Q4, according to the filing. It also reduced its holding in Jpmorgan Chase & Co (NYSE:JPM) by 212,187 shares in the quarter, leaving it with 1.81M shares, and cut its stake in Schwab Charles Corp New (NYSE:SCHW).

Investors sentiment increased to 1.39 in Q4 2017. Its up 0.21, from 1.18 in 2017Q3. It improved, as 28 investors sold PFG shares while 150 reduced holdings. 75 funds opened positions while 172 raised stakes. 196.66 million shares or 1.15% more from 194.42 million shares in 2017Q3 were reported. Johnson Fin Grp reported 448 shares or 0% of all its holdings. Pinnacle Limited reported 152,634 shares stake. Jefferies Gru Incorporated Limited Liability holds 11,852 shares or 0% of its portfolio. Great Lakes Lc holds 87,128 shares or 0.14% of its portfolio. The Illinois-based Harris Associate Limited Partnership has invested 0.17% in Principal Financial Group, Inc. (NASDAQ:PFG). Cap Rech Glob Investors has invested 0.31% in Principal Financial Group, Inc. (NASDAQ:PFG). Kentucky Retirement Sys accumulated 0.08% or 16,560 shares. Haverford holds 0.01% of its portfolio in Principal Financial Group, Inc. (NASDAQ:PFG) for 4,747 shares. Old Mutual Invsts (Uk) has 1.05% invested in Principal Financial Group, Inc. (NASDAQ:PFG). Koch Industries Inc owns 10,695 shares for 0.11% of their portfolio. Affinity Inv Ltd Liability reported 31,690 shares. Virtus Inv Advisers Inc reported 35,960 shares. Toronto Dominion Natl Bank has invested 0.02% of its portfolio in Principal Financial Group, Inc. (NASDAQ:PFG). Oakbrook Ltd Liability Com has 9,650 shares. L And S Advsr holds 5,825 shares or 0.06% of its portfolio.

Among 18 analysts covering Principal Financial Group Inc. (NYSE:PFG), 5 have Buy rating, 1 Sell and 12 Hold. Therefore 28% are positive. Principal Financial Group Inc. had 48 analyst reports since August 18, 2015 according to SRatingsIntel. Goldman Sachs downgraded the stock to “Sell” rating in Thursday, September 10 report. The rating was downgraded by Wells Fargo on Tuesday, January 9 to “Market Perform”. The stock of Principal Financial Group, Inc. (NASDAQ:PFG) has “Outperform” rating given on Tuesday, February 2 by RBC Capital Markets. RBC Capital Markets maintained the shares of PFG in report on Tuesday, January 30 with “Buy” rating. The stock has “Outperform” rating by Wood on Friday, April 7. Citigroup downgraded the shares of PFG in report on Tuesday, January 5 to “Sell” rating. The firm has “Neutral” rating given on Friday, February 26 by Atlantic Securities. The stock of Principal Financial Group, Inc. (NASDAQ:PFG) has “Sell” rating given on Wednesday, April 6 by Citigroup. The stock of Principal Financial Group, Inc. (NASDAQ:PFG) earned “Outperform” rating by Wells Fargo on Friday, September 23. The stock of Principal Financial Group, Inc. (NASDAQ:PFG) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, January 31.

National Pension Service, which manages about $20.03 billion US Long portfolio, decreased its stake in Las Vegas Sands Corp (NYSE:LVS) by 17,136 shares to 419,309 shares, valued at $29.14M in 2017Q4, according to the filing. It also reduced its holding in Praxair Inc (NYSE:PX) by 4,377 shares in the quarter, leaving it with 251,338 shares, and cut its stake in Franklin Res Inc (NYSE:BEN).

Since December 14, 2017, it had 0 insider buys, and 5 selling transactions for $13.31 million activity. Houston Daniel Joseph also sold $5.03 million worth of Principal Financial Group, Inc. (NASDAQ:PFG) shares. 24,310 shares valued at $1.74M were sold by SCHOLTEN GARY P on Monday, January 8.

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

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