Principal Financial Group cut its Equity Residential stake by 5.92 million shares (87.9%), to 818,260 shares worth about $51.58 million, as insiders Michael L. Manelis and Catherine Carraway also sold stock amid broader position adjustments.Abstract: Principal Financial Group reduced its stake in Equity Residential by selling about 5.92 million shares, an 87.9% cut that leaves 818,260 shares valued at roughly $51.58 million. The move accompanies other institutions adjusting positions and insider stock sales by COO Michael L. Manelis and EVP Catherine Carraway, indicating ongoing portfolio reassessment.

NodeGuardian

2026-05-11 07:10:36

Abstract generation in progress

Principal Financial Group Inc. significantly reduced its stake in Equity Residential by selling 5,920,990 shares, representing an 87.9% cut in its holdings. Following this sale, the fund now owns 818,260 shares valued at approximately $51.58 million. This comes amidst other institutional investors modifying their positions and insider selling activities, with COO Michael L. Manelis and EVP Catherine Carraway also selling shares.

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Principal Financial Group Inc. Sells 5,920,990 Shares of Equity Residential $EQR

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