First Trust Advisors LP Has $48.09 Million Stock Position in Principal Financial Group, Inc. $PFG

First Trust Advisors LP has decreased its stake in Principal Financial Group, Inc. by 16.0% in Q3, holding 580,047 shares valued at $48.09 million. Other institutional investors have also adjusted their holdings, with 75.08% of the stock owned by institutions and hedge funds. Principal Financial Group recently announced an increased quarterly dividend of $0.80 per share and reported earnings slightly below analyst estimates.