Mitsubishi UFJ Asset Management Boosts Stake in Principal Financial Group

Asset management firm increases ownership in financial services company by 8.3% in Q3

Published on Mar. 2, 2026

Got story updates? Submit your updates here. ›

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Principal Financial Group, Inc. (NYSE:PFG) by 8.3% during the third quarter, according to a recent SEC filing. The fund now owns 433,407 shares of the company's stock, worth approximately $35.9 million as of the end of the quarter.

Why it matters

Principal Financial Group is a major player in the retirement planning, asset management, and insurance industries. Mitsubishi UFJ's increased investment signals confidence in the company's long-term growth prospects and ability to generate returns for shareholders.

The details

Mitsubishi UFJ Asset Management acquired an additional 33,246 shares of Principal Financial Group during the third quarter, bringing its total ownership to approximately 0.19% of the company's outstanding stock. The asset manager cited Principal's strong performance and market position as reasons for the increased investment.

  • Mitsubishi UFJ Asset Management raised its stake in Principal Financial Group during the third quarter of 2026.

The players

Mitsubishi UFJ Asset Management Co. Ltd.

A Japanese asset management firm and subsidiary of Mitsubishi UFJ Financial Group, one of the largest financial institutions in the world.

Principal Financial Group, Inc.

A global financial services company headquartered in Des Moines, Iowa that provides retirement, investment management, and insurance solutions to individual, employer, and institutional clients.

Got photos? Submit your photos here. ›

The takeaway

Mitsubishi UFJ's increased stake in Principal Financial Group reflects the asset manager's confidence in the company's ability to continue delivering strong financial performance and shareholder returns in the years ahead.