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Munich Reinsurance Co Stock Corp in Munich Reduces Stake in Principal Financial Group, Inc. $PFG
Munich Reinsurance Co Stock Corp in Munich reduced its stake in Principal Financial Group, Inc. (PFG) by 53.8% in the second quarter, selling 33,800 shares and retaining 29,047 shares valued at $3.13 million. Despite this reduction, institutional investors collectively own 75.08% of PFG. Principal Financial Group reported strong quarterly earnings, beating analyst expectations, and increased its quarterly dividend to $0.84 per share, while analysts maintain a "Hold" rating with a consensus price