Capital Management Corp VA raised its stake in Principal Financial Group, Inc. (NYSE: PFG) by 19.2% during the third quarter. The investment firm added 27,857 shares, bringing its total ownership to 172,736 shares as reported in its latest SEC filing.
This increase reflects the firm’s growing interest in Principal Financial Group amid the recent market period.
**Why this matters**
An increase in holdings by institutional investors like Capital Management Corp VA can signal confidence in a company’s prospects. Such moves may influence market perceptions and investor sentiment toward Principal Financial Group.
Source: NewsData