Dynamic Technology Lab Private Ltd Purchases 6,129 Shares of Prudential Financial, Inc. (NYSE:PRU)

Dynamic Technology Lab Private Ltd lifted its stake in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 261.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,470 shares of the financial services provider's stock after buying an additional 6,129 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Prudential Financial were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Savant Capital LLC grew its holdings in shares of Prudential Financial by 0.6% during the 4th quarter. Savant Capital LLC now owns 14,382 shares of the financial services provider's stock worth $1,705,000 after purchasing an additional 83 shares in the last quarter. Grove Bank & Trust grew its stake in Prudential Financial by 65.9% during the fourth quarter. Grove Bank & Trust now owns 219 shares of the financial services provider's stock worth $26,000 after buying an additional 87 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in Prudential Financial by 1.0% in the 4th quarter. HBK Sorce Advisory LLC now owns 9,417 shares of the financial services provider's stock valued at $1,116,000 after buying an additional 91 shares during the period. Asset Dedication LLC raised its position in shares of Prudential Financial by 28.4% in the 4th quarter. Asset Dedication LLC now owns 420 shares of the financial services provider's stock valued at $50,000 after buying an additional 93 shares in the last quarter. Finally, RNC Capital Management LLC lifted its holdings in shares of Prudential Financial by 3.3% during the 4th quarter. RNC Capital Management LLC now owns 2,990 shares of the financial services provider's stock worth $354,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 56.83% of the company's stock.

Insider Activity at Prudential Financial

In other news, EVP Andrew F. Sullivan sold 6,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $105.98, for a total transaction of $635,880.00. Following the completion of the sale, the executive vice president now directly owns 27,072 shares of the company's stock, valued at $2,869,090.56. The trade was a 18.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Insurance Co Of Ame Prudential acquired 87,047 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $28.72 per share, with a total value of $2,499,989.84. Following the completion of the acquisition, the insider now directly owns 87,047 shares in the company, valued at approximately $2,499,989.84. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PRU has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Prudential Financial from $128.00 to $126.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Morgan Stanley dropped their price objective on Prudential Financial from $136.00 to $128.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. UBS Group decreased their target price on Prudential Financial from $130.00 to $122.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. BMO Capital Markets initiated coverage on shares of Prudential Financial in a report on Thursday, January 23rd. They issued an "underperform" rating and a $101.00 target price for the company. Finally, Barclays lifted their price target on shares of Prudential Financial from $128.00 to $134.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Prudential Financial has a consensus rating of "Hold" and an average target price of $124.92.

Prudential Financial Trading Down 1.6 %

NYSE PRU traded down $1.59 on Friday, reaching $96.89. The company had a trading volume of 871,547 shares, compared to its average volume of 1,590,847. The firm has a market cap of $34.34 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 0.98 and a beta of 1.11. Prudential Financial, Inc. has a fifty-two week low of $90.38 and a fifty-two week high of $130.55. The business has a 50 day moving average of $109.36 and a two-hundred day moving average of $117.72. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.16 and a quick ratio of 0.16.

Prudential Financial (NYSE:PRU - Get Free Report) last issued its quarterly earnings data 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 return on equity of 15.86% and a net margin of 4.01%. Analysts forecast that Prudential Financial, Inc. will post 14.36 EPS for the current year.

Prudential Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th were issued 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 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend was Tuesday, February 18th. Prudential Financial's dividend payout ratio (DPR) is presently 72.29%.

Prudential Financial 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.