Prudential Financial, Inc. (NYSE:PRU) Receives Consensus Recommendation of "Hold" from Analysts

Prudential Financial, Inc. (NYSE:PRU - Get Free Report) has received a consensus recommendation of "Hold" from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $126.33.

A number of brokerages have issued reports on PRU. TD Cowen raised their price objective on shares of Prudential Financial from $130.00 to $133.00 and gave the company a "hold" rating in a research note on Wednesday, November 27th. Piper Sandler lifted their price objective on Prudential Financial from $121.00 to $127.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. Jefferies Financial Group increased their target price on Prudential Financial from $149.00 to $152.00 and gave the company a "buy" rating in a research note on Tuesday. Wells Fargo & Company boosted their target price on Prudential Financial from $116.00 to $117.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $121.00 price objective on shares of Prudential Financial in a research note on Wednesday, August 21st.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential purchased 537,249 shares of the business's stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of $27.92 per share, with a total value of $14,999,992.08. Following the transaction, the insider now directly owns 4,780,293 shares of the company's stock, valued at $133,465,780.56. This represents a 12.66 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.34% of the company's stock.

Institutional Trading of Prudential Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC boosted its holdings in shares of Prudential Financial by 1.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,554 shares of the financial services provider's stock valued at $885,000 after buying an additional 105 shares during the last quarter. Wedmont Private Capital grew its position in shares of Prudential Financial by 17.4% in the 2nd quarter. Wedmont Private Capital now owns 3,246 shares of the financial services provider's stock valued at $400,000 after acquiring an additional 481 shares during the period. ORG Partners LLC acquired a new position in shares of Prudential Financial during the 2nd quarter worth about $156,000. PGGM Investments lifted its stake in Prudential Financial by 98.0% in the 2nd quarter. PGGM Investments now owns 64,277 shares of the financial services provider's stock valued at $7,533,000 after purchasing an additional 31,807 shares during the last quarter. Finally, SteelPeak Wealth LLC raised its stake in Prudential Financial by 192.0% in the second quarter. SteelPeak Wealth LLC now owns 10,165 shares of the financial services provider's stock valued at $1,191,000 after buying an additional 6,684 shares during the period. Institutional investors own 56.83% of the company's stock.

Prudential Financial Trading Down 1.0 %

PRU traded down $1.18 during mid-day trading on Wednesday, reaching $120.06. The stock had a trading volume of 1,995,491 shares, compared to its average volume of 1,496,584. The stock has a market capitalization of $42.74 billion, a P/E ratio of 10.70, a P/E/G ratio of 0.91 and a beta of 1.29. Prudential Financial has a 52 week low of $100.60 and a 52 week high of $130.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.14 and a current ratio of 0.14. The firm's fifty day simple moving average is $124.98 and its two-hundred day simple moving average is $120.44.

Prudential Financial (NYSE:PRU - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $19.48 billion during the quarter, compared to analysts' expectations of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same period in the previous year, the business posted $3.44 EPS. On average, equities analysts predict that Prudential Financial will post 13.35 EPS for the current year.

Prudential Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 19th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.33%. Prudential Financial's payout ratio is presently 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.