Prudential Financial, Inc. (NYSE:PRU) insider Nicholas C. Silitch sold 44,860 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $111.77, for a total value of $5,014,002.20. Following the sale, the insider now directly owns 27,927 shares of the company’s stock, valued at $3,121,400.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Prudential Financial, Inc. (NYSE:PRU) opened at $109.56 on Wednesday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.34. Prudential Financial, Inc. has a 1-year low of $95.95 and a 1-year high of $115.26. The stock has a market capitalization of $46,826.56, a price-to-earnings ratio of 10.67, a P/E/G ratio of 1.25 and a beta of 1.56.
Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.71 by $0.30. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $12.24 billion. During the same period last year, the company earned $2.66 earnings per share. analysts predict that Prudential Financial, Inc. will post 10.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Monday, November 27th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.74%. Prudential Financial’s dividend payout ratio is 30.18%.
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Several large investors have recently made changes to their positions in PRU. Fieldpoint Private Securities LLC purchased a new stake in shares of Prudential Financial during the second quarter worth $103,000. Grove Bank & Trust raised its holdings in shares of Prudential Financial by 507.0% during the third quarter. Grove Bank & Trust now owns 1,129 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 943 shares in the last quarter. Hudock Capital Group LLC raised its holdings in shares of Prudential Financial by 0.7% during the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 8 shares in the last quarter. Legacy Advisors LLC purchased a new stake in shares of Prudential Financial during the third quarter worth $129,000. Finally, Accurate Investment Solutions Inc. raised its holdings in shares of Prudential Financial by 2.3% during the second quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 64.48% of the company’s stock.
PRU has been the subject of several research reports. Citigroup Inc. raised Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Tuesday, October 17th. Morgan Stanley raised their price objective on Prudential Financial from $118.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and set a $119.00 price objective on shares of Prudential Financial in a research note on Friday, November 3rd. Finally, BidaskClub raised Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $115.13.
Prudential Financial Company Profile
Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.
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