Prudential Financial, Inc. (NYSE:PRU) Shares Acquired by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lifted its holdings in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) by 828.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,743 shares of the financial services provider's stock after buying an additional 47,956 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Prudential Financial were worth $6,370,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Convergence Investment Partners LLC raised its stake in shares of Prudential Financial by 31.5% during the 4th quarter. Convergence Investment Partners LLC now owns 14,175 shares of the financial services provider's stock worth $1,680,000 after buying an additional 3,396 shares during the period. Bank of Jackson Hole Trust acquired a new position in Prudential Financial in the 4th quarter valued at $413,000. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in Prudential Financial by 55.1% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 16,396 shares of the financial services provider's stock valued at $1,943,000 after purchasing an additional 5,826 shares in the last quarter. Bfsg LLC boosted its stake in Prudential Financial by 1.8% during the 4th quarter. Bfsg LLC now owns 35,090 shares of the financial services provider's stock worth $4,159,000 after purchasing an additional 618 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Prudential Financial during the fourth quarter worth $52,000. 56.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Insurance Co Of Ame Prudential acquired 537,249 shares of the company's stock in a transaction on Monday, November 25th. The shares were bought at an average cost of $27.92 per share, with a total value of $14,999,992.08. Following the transaction, the insider now owns 4,780,293 shares in the company, valued at approximately $133,465,780.56. This trade represents a 12.66 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by insiders.

Prudential Financial Trading Down 1.7 %

Shares of Prudential Financial stock traded down $1.84 on Friday, reaching $109.29. The company had a trading volume of 797,510 shares, compared to its average volume of 1,671,445. The firm's 50 day moving average price is $117.10 and its two-hundred day moving average price is $119.59. The firm has a market cap of $39.13 billion, a PE ratio of 14.65, a PEG ratio of 0.99 and a beta of 1.31. Prudential Financial, Inc. has a 52-week low of $104.44 and a 52-week high of $130.55. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 0.16.

Prudential Financial (NYSE:PRU - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.36 by ($0.40). Prudential Financial had a net margin of 4.01% and a return on equity of 15.86%. Sell-side analysts predict that Prudential Financial, Inc. will post 14.34 earnings per share for the current fiscal year.

Prudential Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 18th will be paid a dividend of $1.35 per share. This is an increase from Prudential Financial's previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 4.94%. The ex-dividend date is Tuesday, February 18th. Prudential Financial's dividend payout ratio is presently 72.29%.

Analyst Upgrades and Downgrades

PRU has been the topic of a number of recent research reports. TD Cowen boosted their price target on shares of Prudential Financial from $130.00 to $133.00 and gave the stock a "hold" rating in a research report on Wednesday, November 27th. Jefferies Financial Group boosted their price target on shares of Prudential Financial from $149.00 to $152.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. BMO Capital Markets initiated coverage on shares of Prudential Financial in a research report on Thursday, January 23rd. They set an "underperform" rating and a $101.00 price target on the stock. Piper Sandler lowered their price target on shares of Prudential Financial from $127.00 to $124.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Finally, Barclays boosted their price target on shares of Prudential Financial from $128.00 to $134.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $125.69.

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.