Prudential Financial, Inc. (NYSE:PRU) Receives Average Rating of "Hold" from Brokerages

Prudential Financial, Inc. (NYSE:PRU - Get Free Report) has been assigned a consensus rating of "Hold" from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $125.31.

PRU has been the topic of a number of research reports. Jefferies Financial Group raised their price objective on Prudential Financial from $149.00 to $152.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Evercore ISI raised shares of Prudential Financial from an "underperform" rating to an "inline" rating and lifted their price target for the company from $117.00 to $140.00 in a research report on Thursday, November 14th. Piper Sandler reduced their target price on shares of Prudential Financial from $127.00 to $124.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Bank of America raised their price objective on Prudential Financial from $109.00 to $118.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Finally, TD Cowen upped their target price on Prudential Financial from $130.00 to $133.00 and gave the stock a "hold" rating in a research report on Wednesday, November 27th.

Insider Transactions at Prudential Financial

In other news, major shareholder Insurance Co Of Ame Prudential purchased 537,249 shares of the stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $27.92 per share, for a total transaction of $14,999,992.08. Following the acquisition, the insider now owns 4,780,293 shares of the company's stock, valued at $133,465,780.56. The trade was a 12.66 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.31% of the company's stock.

Institutional Trading of Prudential Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Glenmede Trust Co. NA boosted its position in Prudential Financial by 7.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 17,968 shares of the financial services provider's stock valued at $2,176,000 after purchasing an additional 1,234 shares during the period. Avanza Fonder AB bought a new position in shares of Prudential Financial during the fourth quarter worth about $3,423,000. Gateway Investment Advisers LLC increased its holdings in shares of Prudential Financial by 56.1% in the 4th quarter. Gateway Investment Advisers LLC now owns 21,998 shares of the financial services provider's stock worth $2,607,000 after acquiring an additional 7,907 shares during the period. Principal Financial Group Inc. lifted its position in Prudential Financial by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 419,733 shares of the financial services provider's stock valued at $50,830,000 after purchasing an additional 15,695 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Prudential Financial by 2.3% during the 3rd quarter. Janus Henderson Group PLC now owns 79,256 shares of the financial services provider's stock valued at $9,597,000 after purchasing an additional 1,765 shares during the period. 56.83% of the stock is owned by institutional investors and hedge funds.

Prudential Financial Trading Down 0.4 %

PRU stock traded down $0.44 on Thursday, hitting $121.89. 1,196,687 shares of the company were exchanged, compared to its average volume of 1,599,517. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.14. The stock has a market capitalization of $43.39 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.09 and a beta of 1.31. Prudential Financial has a twelve month low of $100.60 and a twelve month high of $130.55. The business's fifty day moving average is $121.04 and its two-hundred day moving average is $120.66.

Prudential Financial (NYSE:PRU - Get Free Report) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share for the quarter, topping 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 business had revenue of $19.48 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same period last year, the company posted $3.44 EPS. As a group, research analysts forecast that Prudential Financial will post 13.24 earnings per share for the current year.

Prudential Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th were paid a dividend of $1.30 per share. The ex-dividend date was Tuesday, November 19th. This represents a $5.20 dividend on an annualized basis and a yield of 4.27%. Prudential Financial's dividend payout ratio (DPR) is 46.22%.

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.