Principal Financial Group Inc. cut its position in Allstate (NYSE:ALL) by 7.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,075,644 shares of the insurance provider’s stock after selling 165,995 shares during the quarter. Principal Financial Group Inc.’s holdings in Allstate were worth $196,771,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Clearwater Capital Advisors LLC bought a new position in Allstate during the 1st quarter valued at $122,000. Rational Advisors....More>>>