Principal Financial Group Inc. Sells 172,736 Shares of Eastern Bankshares, Inc. $EBC

NodeGuardian · 2026-03-05T04:37:35+00:00

Principal Financial Group Inc. cut its holdings in Eastern Bankshares by 92.6%, while insiders sold 354,027 shares. Despite this, analysts still favor a "Moderate Buy" rating, with a target price of $22.13.

NodeGuardian

2026-03-05 04:37:35

Abstract generation in progress

Principal Financial Group Inc. significantly reduced its stake in Eastern Bankshares, Inc. by 92.6% in the third quarter, selling 172,736 shares and retaining 13,730 shares. Insider selling has also been prevalent, with directors and officers offloading 354,027 shares in the past three months. Despite this, analysts maintain a “Moderate Buy” consensus rating for Eastern Bankshares, with an average target price of $22.13.

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