Garland Capital Management Inc. Has $4.98 Million Holdings in Prudential Financial, Inc. (NYSE:PRU)

Garland Capital Management Inc. lessened its position in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 12.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,140 shares of the financial services provider's stock after selling 6,110 shares during the period. Prudential Financial makes up 3.8% of Garland Capital Management Inc.'s portfolio, making the stock its 10th biggest position. Garland Capital Management Inc.'s holdings in Prudential Financial were worth $4,982,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. International Assets Investment Management LLC lifted its stake in Prudential Financial by 4,130.8% during the third quarter. International Assets Investment Management LLC now owns 1,298,257 shares of the financial services provider's stock valued at $157,219,000 after buying an additional 1,267,571 shares in the last quarter. AQR Capital Management LLC raised its holdings in Prudential Financial by 97.4% during the second quarter. AQR Capital Management LLC now owns 724,244 shares of the financial services provider's stock valued at $84,874,000 after buying an additional 357,300 shares in the last quarter. Swedbank AB bought a new stake in shares of Prudential Financial during the 1st quarter worth $35,855,000. Legal & General Group Plc increased its stake in shares of Prudential Financial by 9.4% in the second quarter. Legal & General Group Plc now owns 3,542,400 shares of the financial services provider's stock worth $415,134,000 after purchasing an additional 305,143 shares during the period. Finally, Capital Advisors Inc. OK acquired a new position in shares of Prudential Financial during the third quarter worth approximately $30,226,000. Institutional investors and hedge funds own 56.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PRU. Argus raised Prudential Financial to a "strong-buy" rating in a research report on Thursday, August 8th. TD Cowen initiated coverage on Prudential Financial in a report on Wednesday, October 9th. They set a "hold" rating and a $130.00 price objective on the stock. Piper Sandler increased their target price on Prudential Financial from $121.00 to $127.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Barclays boosted their price target on Prudential Financial from $118.00 to $119.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Bank of America increased their target price on shares of Prudential Financial from $109.00 to $118.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $123.85.

Insider Buying and Selling

In related news, major shareholder Insurance Co Of Ame Prudential purchased 261,059 shares of the firm's stock in a transaction that occurred on Tuesday, October 8th. The stock was acquired at an average price of $27.58 per share, for a total transaction of $7,200,007.22. Following the completion of the acquisition, the insider now owns 4,208,549 shares of the company's stock, valued at $116,071,781.42. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential bought 261,059 shares of the firm's stock in a transaction dated Tuesday, October 8th. The stock was purchased at an average cost of $27.58 per share, with a total value of $7,200,007.22. Following the transaction, the insider now directly owns 4,208,549 shares in the company, valued at $116,071,781.42. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ann M. Kappler sold 2,839 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 14,535 shares of the company's stock, valued at $1,648,705.05. This represents 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 owned by insiders.

Prudential Financial Price Performance

Shares of NYSE:PRU traded down $1.37 during midday trading on Tuesday, hitting $119.29. The stock had a trading volume of 824,005 shares, compared to its average volume of 1,480,051. The company's 50-day moving average price is $121.16 and its 200-day moving average price is $118.49. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.60. Prudential Financial, Inc. has a fifty-two week low of $89.90 and a fifty-two week high of $128.52. The company has a market capitalization of $42.47 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 0.86 and a beta of 1.29.

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

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.