Azimuth Capital Boosts Principal Financial Group Stake

Investment firm increases ownership in financial services company by 71% in Q3

Mar. 15, 2026 at 8:35am

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Azimuth Capital Investment Management LLC increased its stake in Principal Financial Group, Inc. (NASDAQ:PFG) by 71% in the third quarter, according to a recent SEC filing. The institutional investor now owns 134,405 shares of the company's stock, worth approximately $11.14 million.

Why it matters

This investment highlights the continued institutional interest in Principal Financial Group, a major provider of retirement, investment, and insurance solutions. Azimuth Capital's increased stake suggests confidence in the company's long-term growth prospects.

The details

According to the filing, Azimuth Capital purchased an additional 55,815 shares of Principal Financial Group during the third quarter, bringing its total ownership to 134,405 shares. This represents about 0.06% of the company's outstanding stock. Principal Financial Group provides a range of financial services to individuals, employers, and institutional clients, including retirement plan administration, asset management, and insurance products.

  • Azimuth Capital increased its stake in Principal Financial Group during the third quarter of 2025.

The players

Azimuth Capital Investment Management LLC

An institutional investment firm that manages assets for clients.

Principal Financial Group, Inc.

A global financial services company that provides retirement, investment, and insurance solutions.

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The takeaway

Azimuth Capital's increased investment in Principal Financial Group reflects the continued institutional confidence in the company's ability to navigate the evolving financial services landscape and deliver long-term value for shareholders.