Prudential Financial, Inc. (NYSE:PRU) EVP Andrew F. Sullivan Sells 6,000 Shares

Prudential Financial, Inc. (NYSE:PRU - Get Free Report) EVP Andrew F. Sullivan sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $105.98, for a total transaction of $635,880.00. Following the sale, the executive vice president now directly owns 27,072 shares of the company's stock, valued at approximately $2,869,090.56. This trade represents a 18.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Prudential Financial Trading Down 0.4 %

NYSE PRU traded down $0.39 on Tuesday, hitting $109.90. The company's stock had a trading volume of 546,547 shares, compared to its average volume of 1,747,019. Prudential Financial, Inc. has a 1-year low of $104.44 and a 1-year high of $130.55. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.68. The company's 50-day moving average is $114.15 and its 200 day moving average is $119.32. The firm has a market cap of $39.34 billion, a PE ratio of 14.71, a PEG ratio of 0.98 and a beta of 1.28.

Prudential Financial (NYSE:PRU - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.96 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.40). Prudential Financial had a return on equity of 15.86% and a net margin of 4.01%. As a group, analysts predict that Prudential Financial, Inc. will post 14.36 earnings per share for the current fiscal year.

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Prudential Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.91%. This is a boost from Prudential Financial's previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Tuesday, February 18th. Prudential Financial's dividend payout ratio (DPR) is presently 72.29%.

Institutional Investors Weigh In On Prudential Financial

A number of large investors have recently bought and sold shares of PRU. Grove Bank & Trust grew its holdings in Prudential Financial by 65.9% in the fourth quarter. Grove Bank & Trust now owns 219 shares of the financial services provider's stock worth $26,000 after purchasing an additional 87 shares during the period. Centricity Wealth Management LLC acquired a new stake in Prudential Financial in the fourth quarter worth $29,000. Ashton Thomas Securities LLC bought a new position in shares of Prudential Financial in the third quarter valued at $31,000. CGC Financial Services LLC lifted its stake in shares of Prudential Financial by 82.1% in the fourth quarter. CGC Financial Services LLC now owns 275 shares of the financial services provider's stock valued at $33,000 after buying an additional 124 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Prudential Financial in the fourth quarter valued at $33,000. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of Prudential Financial from $128.00 to $134.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Jefferies Financial Group increased their price objective on shares of Prudential Financial from $149.00 to $152.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods dropped their price objective on shares of Prudential Financial from $129.00 to $125.00 and set a "market perform" rating for the company in a research note on Wednesday, February 12th. Piper Sandler dropped their price objective on shares of Prudential Financial from $127.00 to $124.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, Wells Fargo & Company increased their price objective on shares of Prudential Financial from $113.00 to $118.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Prudential Financial currently has a consensus rating of "Hold" and a consensus target price of $126.15.

Prudential Financial Company Profile

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.