Meiji Yasuda Asset Management Cuts Principal Financial Group Stake

The Japanese asset management firm reduced its holdings in the U.S. financial services company by over 80% in the third quarter.

Published on Mar. 11, 2026

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Meiji Yasuda Asset Management Co Ltd. cut its stake in shares of Principal Financial Group, Inc. (NYSE:PFG) by 84.1% in the 3rd quarter, according to the company's recent filing with the Securities & Exchange Commission. The fund owned 5,158 shares of the company's stock after selling 27,210 shares during the period.

Why it matters

This move by Meiji Yasuda Asset Management, a major Japanese institutional investor, reflects broader trends in the financial services industry as firms reevaluate their portfolios and investment strategies amid economic uncertainty.

The details

According to the filing, Meiji Yasuda Asset Management's holdings in Principal Financial Group were worth $428,000 as of the end of the third quarter. The firm had previously owned 32,368 shares of the company. Principal Financial Group is a global financial services company headquartered in Des Moines, Iowa that provides retirement, investment management, and insurance solutions.

  • Meiji Yasuda Asset Management cut its stake in Principal Financial Group during the 3rd quarter of 2026.

The players

Meiji Yasuda Asset Management Co Ltd.

A Japanese asset management firm that has reduced its holdings in the U.S. financial services company Principal Financial Group.

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

This move by a major Japanese institutional investor highlights the ongoing shifts and reevaluations happening in the financial services industry as firms navigate economic uncertainty and adjust their investment portfolios accordingly.