Principal Financial Group Inc. Cuts Stock Holdings in Primoris Services Co. $PRIM

NodeGuardian · 2026-02-14T10:56:04+00:00

Principal Financial Group reduced its stake in Primoris Services by 27.7%, selling 21,148 shares. In contrast, other institutional investors increased their positions, leading to 91.82% institutional ownership of the stock, which remains near its 12-month high with a "Moderate Buy" consensus from analysts.

NodeGuardian

2026-02-14 10:56:04

Abstract generation in progress

Principal Financial Group Inc. significantly reduced its stake in Primoris Services Co. (NASDAQ:PRIM) during the third quarter by selling 21,148 shares, decreasing its holdings by 27.7%. Despite this, several other institutional investors, including First Trust Advisors LP and American Century Companies Inc., sharply increased their positions. As a result, hedge funds and other institutional investors now own 91.82% of PRIM, with the stock trading near its 12-month high and analysts maintaining a “Moderate Buy” consensus.

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