14,124 Shares in Prudential Financial, Inc. (NYSE:PRU) Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC acquired a new stake in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 14,124 shares of the financial services provider's stock, valued at approximately $1,710,000.

Other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI grew its holdings in shares of Prudential Financial by 44.9% in the first quarter. National Bank of Canada FI now owns 230,044 shares of the financial services provider's stock valued at $27,327,000 after purchasing an additional 71,274 shares in the last quarter. ORG Partners LLC bought a new stake in Prudential Financial in the second quarter worth $156,000. Russell Investments Group Ltd. lifted its position in Prudential Financial by 25.0% in the first quarter. Russell Investments Group Ltd. now owns 180,555 shares of the financial services provider's stock worth $21,171,000 after buying an additional 36,159 shares during the last quarter. PGGM Investments lifted its position in Prudential Financial by 98.0% in the second quarter. PGGM Investments now owns 64,277 shares of the financial services provider's stock worth $7,533,000 after buying an additional 31,807 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Prudential Financial by 6.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 406,295 shares of the financial services provider's stock worth $47,699,000 after purchasing an additional 25,196 shares during the last quarter. 56.83% of the stock is owned by hedge funds and other institutional investors.

Prudential Financial Stock Performance

NYSE PRU traded up $7.55 during trading hours on Wednesday, reaching $127.73. The stock had a trading volume of 3,606,323 shares, compared to its average volume of 1,494,506. The stock has a fifty day moving average of $121.20 and a 200 day moving average of $118.55. The stock has a market cap of $45.47 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 0.86 and a beta of 1.29. Prudential Financial, Inc. has a 52-week low of $89.90 and a 52-week high of $129.13. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.14 and a current ratio of 0.14.

Prudential Financial (NYSE:PRU - Get Free Report) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.01. The firm had revenue of $19.48 billion for the quarter, compared to analyst estimates of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same quarter in the prior year, the firm earned $3.44 earnings per share. Sell-side analysts predict that Prudential Financial, Inc. will post 13.32 earnings per share for the current year.

Prudential Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Tuesday, November 19th. Prudential Financial's payout ratio is presently 46.22%.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, EVP Ann M. Kappler sold 2,839 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $113.43, for a total value of $322,027.77. Following the completion of the transaction, the executive vice president now directly owns 14,535 shares of the company's stock, valued at approximately $1,648,705.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential bought 261,059 shares of Prudential Financial stock in a transaction dated Tuesday, October 8th. The stock was acquired at an average cost of $27.58 per share, with a total value of $7,200,007.22. Following the purchase, the insider now directly owns 4,208,549 shares in the company, valued at $116,071,781.42. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ann M. Kappler sold 2,839 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $113.43, for a total value of $322,027.77. Following the transaction, the executive vice president now directly owns 14,535 shares of the company's stock, valued at approximately $1,648,705.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PRU. Bank of America lifted their target price on Prudential Financial from $109.00 to $118.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $121.00 price objective on shares of Prudential Financial in a report on Wednesday, August 21st. Piper Sandler lifted their price objective on Prudential Financial from $121.00 to $127.00 and gave the company a "neutral" rating in a report on Wednesday, October 2nd. TD Cowen began coverage on Prudential Financial in a report on Wednesday, October 9th. They issued a "hold" rating and a $130.00 price objective for the company. Finally, Wells Fargo & Company lifted their target price on Prudential Financial from $116.00 to $117.00 and gave the company an "equal weight" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Prudential Financial has an average rating of "Hold" and a consensus price target of $123.85.

About Prudential Financial

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.