Prudential Financial, Inc. (NYSE:PRU) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. lifted its position in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) by 4.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 162,685 shares of the financial services provider's stock after purchasing an additional 6,641 shares during the quarter. First Horizon Advisors Inc.'s holdings in Prudential Financial were worth $19,701,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of PRU. Creekmur Asset Management LLC increased its stake in Prudential Financial by 78.8% during the first quarter. Creekmur Asset Management LLC now owns 245 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 108 shares during the last quarter. Lynx Investment Advisory bought a new position in Prudential Financial in the second quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new position in Prudential Financial in the third quarter valued at approximately $31,000. Strategic Financial Concepts LLC grew its holdings in shares of Prudential Financial by 1,312.4% during the second quarter. Strategic Financial Concepts LLC now owns 26,934 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 25,027 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new stake in shares of Prudential Financial during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 56.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PRU shares. UBS Group upped their price objective on Prudential Financial from $112.00 to $119.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 13th. Citigroup boosted their target price on shares of Prudential Financial from $104.00 to $120.00 and gave the company a "neutral" rating in a research note on Tuesday, July 23rd. Wells Fargo & Company lifted their price target on Prudential Financial from $116.00 to $117.00 and gave the company an "equal weight" rating in a report on Tuesday, November 5th. Morgan Stanley cut their target price on Prudential Financial from $123.00 to $122.00 and set an "equal weight" rating on the stock in a research note on Monday, August 19th. Finally, TD Cowen began coverage on shares of Prudential Financial in a research note on Wednesday, October 9th. They set a "hold" rating and a $130.00 price objective on the stock. Eleven analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Prudential Financial has an average rating of "Hold" and an average price target of $125.69.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential purchased 261,059 shares of the stock in a transaction dated Tuesday, October 8th. The stock was purchased at an average price of $27.58 per share, with a total value of $7,200,007.22. Following the transaction, the insider now owns 4,208,549 shares of the company's stock, valued at approximately $116,071,781.42. This trade represents a 6.61 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Caroline Feeney sold 1,110 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $119.97, for a total transaction of $133,166.70. Following the completion of the sale, the executive vice president now directly owns 10,175 shares of the company's stock, valued at approximately $1,220,694.75. The trade was a 9.84 % decrease in their position. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.

Prudential Financial Trading Down 0.4 %

PRU stock traded down $0.50 during mid-day trading on Wednesday, reaching $124.11. The company's stock had a trading volume of 1,560,995 shares, compared to its average volume of 1,502,127. The company has a market cap of $44.18 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 0.91 and a beta of 1.29. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.60. Prudential Financial, Inc. has a 12 month low of $93.60 and a 12 month high of $129.13. The business's 50 day moving average price is $122.67 and its 200 day moving average price is $119.53.

Prudential Financial (NYSE:PRU - Get Free Report) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.01. The business had revenue of $19.48 billion for the quarter, compared to analyst estimates 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 prior year, the company earned $3.44 EPS. On average, equities research analysts predict that Prudential Financial, Inc. will post 13.33 EPS for the current year.

Prudential Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, November 19th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Tuesday, November 19th. Prudential Financial's dividend payout ratio is currently 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.