Unigestion Holding SA Sells 7,500 Shares of Prudential Financial, Inc. (NYSE:PRU)

Unigestion Holding SA lowered its stake in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 22.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,480 shares of the financial services provider's stock after selling 7,500 shares during the quarter. Unigestion Holding SA's holdings in Prudential Financial were worth $3,020,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PRU. Grove Bank & Trust boosted its stake in shares of Prudential Financial by 65.9% in the 4th quarter. Grove Bank & Trust now owns 219 shares of the financial services provider's stock worth $26,000 after buying an additional 87 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in Prudential Financial in the fourth quarter worth about $29,000. CGC Financial Services LLC grew its stake in shares of Prudential Financial by 82.1% during the 4th quarter. CGC Financial Services LLC now owns 275 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 124 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in shares of Prudential Financial during the 4th quarter valued at about $33,000. Finally, Quarry LP lifted its stake in shares of Prudential Financial by 376.3% in the 3rd quarter. Quarry LP now owns 281 shares of the financial services provider's stock worth $34,000 after purchasing an additional 222 shares during the period. Institutional investors own 56.83% of the company's stock.

Insiders Place Their Bets

In related news, EVP Andrew F. Sullivan sold 6,000 shares of Prudential Financial stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $105.98, for a total value of $635,880.00. Following the completion of the transaction, the executive vice president now owns 27,072 shares in the company, valued at approximately $2,869,090.56. This trade represents a 18.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Insurance Co Of Ame Prudential acquired 52,595 shares of the stock in a transaction dated Tuesday, March 25th. The stock was bought at an average cost of $28.52 per share, with a total value of $1,500,009.40. Following the completion of the purchase, the insider now directly owns 139,987 shares in the company, valued at approximately $3,992,429.24. The trade was a 60.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PRU shares. Wells Fargo & Company reduced their target price on shares of Prudential Financial from $118.00 to $108.00 and set an "equal weight" rating for the company in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on Prudential Financial from $128.00 to $126.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their target price on Prudential Financial from $125.00 to $120.00 and set a "market perform" rating on the stock in a research report on Wednesday. UBS Group decreased their price objective on Prudential Financial from $130.00 to $122.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Finally, Piper Sandler cut their price objective on Prudential Financial from $124.00 to $122.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $124.92.

Prudential Financial Price Performance

Shares of Prudential Financial stock traded up $0.20 on Friday, hitting $98.68. 1,089,659 shares of the company traded hands, compared to its average volume of 1,591,882. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 0.16. The business has a 50-day simple moving average of $109.36 and a 200 day simple moving average of $117.72. Prudential Financial, Inc. has a 52 week low of $90.38 and a 52 week high of $130.55. The stock has a market capitalization of $34.97 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.98 and a beta of 1.11.

Prudential Financial (NYSE:PRU - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.96 earnings per share for the quarter, missing the consensus estimate of $3.36 by ($0.40). Prudential Financial had a net margin of 4.01% and a return on equity of 15.86%. Research analysts expect that Prudential Financial, Inc. will post 14.36 earnings per share for the current fiscal year.

Prudential Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $5.40 annualized dividend and a yield of 5.47%. This is a positive change from Prudential Financial's previous quarterly dividend of $1.30. Prudential Financial's dividend payout ratio (DPR) is 72.29%.

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.