Prestige Brands Hldgs (PBH) Shareholder Acadian Asset Management Decreased Position by $2.54 Million; Principal Financial (PFG) Position Raised by Mairs & Power Inc

February 15, 2018 - By Winifred Garcia

Mairs & Power Inc increased its stake in Principal Financial (PFG) by 0.3% based on its latest 2017Q3 regulatory filing with the SEC. Mairs & Power Inc bought 7,762 shares as the company’s stock declined 2.08% while stock markets rallied. The institutional investor held 2.59M shares of the accident &health insurance company at the end of 2017Q3, valued at $166.80M, up from 2.58M at the end of the previous reported quarter. Mairs & Power Inc who had been investing in Principal Financial for a number of months, seems to be bullish on the $18.15 billion market cap company. The stock decreased 0.98% or $0.62 during the last trading session, reaching $62.65. About 439,713 shares traded. Principal Financial Group, Inc. (NYSE:PFG) has risen 43.60% since February 15, 2017 and is uptrending. It has outperformed by 26.90% the S&P500.

Acadian Asset Management Llc decreased its stake in Prestige Brands Hldgs Inc (PBH) by 15.81% based on its latest 2017Q3 regulatory filing with the SEC. Acadian Asset Management Llc sold 50,823 shares as the company’s stock declined 12.04% while stock markets rallied. The institutional investor held 270,665 shares of the health care company at the end of 2017Q3, valued at $13.56M, down from 321,488 at the end of the previous reported quarter. Acadian Asset Management Llc who had been investing in Prestige Brands Hldgs Inc for a number of months, seems to be less bullish one the $1.83 billion market cap company. The stock increased 0.51% or $0.18 during the last trading session, reaching $34.59. About 249,586 shares traded. Prestige Brands Holdings, Inc. (NYSE:PBH) has declined 8.57% since February 15, 2017 and is downtrending. It has underperformed by 25.27% the S&P500.

Among 17 analysts covering Principal Financial Group Inc. (NYSE:PFG), 5 have Buy rating, 1 Sell and 11 Hold. Therefore 29% are positive. Principal Financial Group Inc. had 43 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Principal Financial Group, Inc. (NASDAQ:PFG) has “Buy” rating given on Monday, July 10 by RBC Capital Markets. The company was downgraded on Tuesday, January 9 by Wells Fargo. The company was maintained on Wednesday, April 6 by Citigroup. The stock of Principal Financial Group, Inc. (NASDAQ:PFG) has “Equal-Weight” rating given on Thursday, October 5 by Morgan Stanley. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, January 30 report. As per Thursday, November 17, the company rating was maintained by RBC Capital Markets. The firm earned “Market Perform” rating on Tuesday, August 18 by KBW. RBC Capital Markets maintained the shares of PFG in report on Tuesday, February 2 with “Outperform” rating. Wells Fargo reinitiated the stock with “Outperform” rating in Friday, September 23 report. Citigroup initiated the shares of PFG in report on Thursday, January 26 with “Neutral” rating.

Investors sentiment increased to 1.18 in Q3 2017. Its up 0.12, from 1.06 in 2017Q2. It is positive, as 36 investors sold PFG shares while 151 reduced holdings. 48 funds opened positions while 173 raised stakes. 194.42 million shares or 0.40% more from 193.64 million shares in 2017Q2 were reported. Cookson Peirce stated it has 6,150 shares. Moreover, Hl Services Ltd Liability has 0% invested in Principal Financial Group, Inc. (NASDAQ:PFG). Public Employees Retirement Association Of Colorado reported 54,590 shares. Advisory Service Ntwk Limited Liability Company holds 12,249 shares or 0.09% of its portfolio. Magnetar Limited Co reported 23,988 shares stake. Chesley Taft And Associate Ltd Limited Liability Company owns 14,952 shares for 0.08% of their portfolio. Texas Permanent School Fund holds 0.06% or 74,474 shares. State Of Alaska Department Of Revenue has invested 0.14% in Principal Financial Group, Inc. (NASDAQ:PFG). Renaissance has invested 0.09% of its portfolio in Principal Financial Group, Inc. (NASDAQ:PFG). Aperio Group Incorporated Limited Company invested in 202,152 shares. Cap Glob Investors invested in 13.92 million shares. Caisse De Depot Et Placement Du Quebec invested in 9,956 shares. Victory Mngmt invested in 149,334 shares. Savant Capital Ltd has invested 0.07% in Principal Financial Group, Inc. (NASDAQ:PFG). Regions Fincl Corp has invested 0% in Principal Financial Group, Inc. (NASDAQ:PFG).

Since September 5, 2017, it had 0 buys, and 12 selling transactions for $27.50 million activity. Houston Daniel Joseph had sold 69,894 shares worth $5.03 million on Friday, January 5. Everett Nora Mary sold 12,398 shares worth $843,064. $3.78M worth of Principal Financial Group, Inc. (NASDAQ:PFG) shares were sold by MCCAUGHAN JAMES P. Another trade for 24,310 shares valued at $1.74 million was made by SCHOLTEN GARY P on Monday, January 8. SHAFF KAREN E sold $1.16M worth of stock or 17,082 shares.

Mairs & Power Inc, which manages about $7.72 billion and $8.33B US Long portfolio, decreased its stake in Actuant Corp (NYSE:ATU) by 55,755 shares to 450,145 shares, valued at $11.52M in 2017Q3, according to the filing. It also reduced its holding in Bio (NASDAQ:TECH) by 4,507 shares in the quarter, leaving it with 1.44 million shares, and cut its stake in Toro (NYSE:TTC).

Acadian Asset Management Llc, which manages about $65.15B and $22.61 billion US Long portfolio, upped its stake in Raytheon Co (NYSE:RTN) by 13,370 shares to 17,063 shares, valued at $3.18M in 2017Q3, according to the filing. It also increased its holding in Shaw Communications Inc (NYSE:SJR) by 237,945 shares in the quarter, for a total of 3.20M shares, and has risen its stake in Cigna Corporation (NYSE:CI).

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