Victory Capital Trims Stake in Principal Financial Group

Asset manager reduces position in insurance and investment firm by 9% in Q3

Mar. 3, 2026 at 8:39am

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Victory Capital Management Inc. has reduced its stake in Principal Financial Group, Inc. (NYSE:PFG) by 9% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns approximately 3.9 million shares, or 1.75% of the company's stock, valued at $323.9 million.

Why it matters

Principal Financial Group is a major player in the retirement planning, asset management, and insurance industries. Changes in ownership by large institutional investors like Victory Capital can signal shifts in market sentiment and future performance expectations for the company.

The details

Victory Capital sold 387,937 shares of Principal Financial Group stock during the third quarter. The firm now owns 3,906,748 shares, or about 1.75% of the company's outstanding stock. Principal Financial Group provides a range of financial services including retirement plan administration, asset management, and life and disability insurance.

  • Victory Capital filed its 13F report for the third quarter of 2026.

The players

Victory Capital Management Inc.

An investment management firm that oversees over $150 billion in client assets.

Principal Financial Group, Inc.

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

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The takeaway

The reduction in Victory Capital's stake in Principal Financial Group could signal a shift in market sentiment around the insurance and investment firm, though the reasons behind the move are not entirely clear from the available information.