Principal Financial Group Inc. Sells 61,791 Shares of Teekay Corporation Ltd. $TK

Posted by Brenda Bartman on Aug 1st, 2026

Principal Financial Group Inc. lowered its position in Teekay Corporation Ltd. (NYSE:TK – Free Report) by 50.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,606 shares of the shipping company’s stock after selling 61,791 shares during the period. Principal Financial Group Inc. owned 0.07% of Teekay worth $740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Transamerica Financial Advisors LLC grew its position in shares of Teekay by 250.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 4,378 shares of the shipping company’s stock worth $40,000 after buying an additional 3,130 shares during the period. Zions Bancorporation National Association UT bought a new position in Teekay during the fourth quarter worth about $43,000. CWM LLC lifted its holdings in Teekay by 34.2% during the fourth quarter. CWM LLC now owns 5,684 shares of the shipping company’s stock worth $51,000 after acquiring an additional 1,449 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Teekay in the first quarter valued at about $48,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Teekay by 194.8% in the second quarter. Tower Research Capital LLC TRC now owns 7,600 shares of the shipping company’s stock worth $63,000 after acquiring an additional 5,022 shares in the last quarter. Institutional investors own 46.73% of the company’s stock.

Insider Activity at Teekay

In related news, Director Simon Heidi Locke sold 18,119 shares of Teekay stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $12.37, for a total transaction of $224,132.03. Following the completion of the sale, the director owned 47,582 shares of the company’s stock, valued at approximately $588,589.34. The trade was a 27.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kenneth Hvid sold 315,335 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $12.36, for a total transaction of $3,897,540.60. Following the completion of the transaction, the chief executive officer directly owned 112,322 shares in the company, valued at approximately $1,388,299.92. This represents a 73.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 408,818 shares of company stock valued at $5,014,530 in the last ninety days. Company insiders own 2.38% of the company’s stock.

Teekay Stock Up 2.9%

TK opened at $11.62 on Friday. Teekay Corporation Ltd. has a 12-month low of $7.11 and a 12-month high of $14.38. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 5.59 and a beta of 0.22. The business has a 50 day moving average of $11.36 and a 200-day moving average of $11.72.

Teekay (NYSE:TK – Get Free Report) last posted its earnings results on Wednesday, July 29th. The shipping company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.68. The business had revenue of $379.12 million for the quarter, compared to analyst estimates of $379.12 million. Teekay had a return on equity of 8.40% and a net margin of 15.78%.During the same period in the previous year, the firm earned $0.22 EPS.

Teekay Announces Dividend

The business also recently disclosed a special dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 26th were issued a $1.00 dividend. The ex-dividend date was Tuesday, May 26th.

Analyst Ratings Changes

TK has been the topic of a number of recent research reports. Wall Street Zen lowered Teekay from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings cut shares of Teekay from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Teekay currently has an average rating of “Hold”.

Read Our Latest Stock Analysis on TK

Teekay Profile

(Free Report)

Teekay Corporation (NYSE: TK) is a global provider of marine transportation and offshore production solutions for the energy industry. Founded in 1973 and headquartered in Vancouver, Canada, Teekay designs, owns and operates a diversified fleet of tankers and floating production, storage and offloading (FPSO) units. The company specializes in the movement and storage of crude oil, liquefied natural gas (LNG) and liquefied petroleum gas (LPG), offering integrated services that range from tanker transport to offshore production and marine maintenance.

Teekay’s core business is organized into three operating segments.