Securian Asset Management Inc Sells 178 Shares of Prudential Financial Inc (PRU)

Securian Asset Management Inc reduced its holdings in shares of Prudential Financial Inc (NYSE:PRU) by 0.4% during the 4th quarter, HoldingsChannel reports. The fund owned 41,853 shares of the financial services provider’s stock after selling 178 shares during the period. Securian Asset Management Inc’s holdings in Prudential Financial were worth $3,413,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Baldwin Brothers Inc. MA boosted its position in Prudential Financial by 146.7% in the fourth quarter. Baldwin Brothers Inc. MA now owns 454 shares of the financial services provider’s stock valued at $37,000 after buying an additional 270 shares in the last quarter. TCI Wealth Advisors Inc. boosted its position in Prudential Financial by 39.7% in the fourth quarter. TCI Wealth Advisors Inc. now owns 676 shares of the financial services provider’s stock valued at $55,000 after buying an additional 192 shares in the last quarter. Manchester Capital Management LLC boosted its position in Prudential Financial by 30.1% in the fourth quarter. Manchester Capital Management LLC now owns 665 shares of the financial services provider’s stock valued at $62,000 after buying an additional 154 shares in the last quarter. Bedel Financial Consulting Inc. boosted its position in Prudential Financial by 81.4% in the fourth quarter. Bedel Financial Consulting Inc. now owns 778 shares of the financial services provider’s stock valued at $63,000 after buying an additional 349 shares in the last quarter. Finally, First Mercantile Trust Co. boosted its position in Prudential Financial by 68.1% in the fourth quarter. First Mercantile Trust Co. now owns 790 shares of the financial services provider’s stock valued at $64,000 after buying an additional 320 shares in the last quarter. Institutional investors and hedge funds own 63.27% of the company’s stock.

Shares of PRU stock opened at $90.99 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.35. The company has a market cap of $37.70 billion, a PE ratio of 7.82, a P/E/G ratio of 0.79 and a beta of 1.41. Prudential Financial Inc has a 1 year low of $75.61 and a 1 year high of $113.03.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, February 6th. The financial services provider reported $2.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.88 by ($0.44). The business had revenue of $17.78 billion for the quarter, compared to the consensus estimate of $14.03 billion. Prudential Financial had a return on equity of 10.20% and a net margin of 7.01%. During the same period last year, the firm earned $2.69 earnings per share. Research analysts predict that Prudential Financial Inc will post 12.81 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Wednesday, February 20th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.40%. This is an increase from Prudential Financial’s previous quarterly dividend of $0.90. The ex-dividend date is Tuesday, February 19th. Prudential Financial’s payout ratio is 30.80%.

A number of equities analysts have commented on PRU shares. Morgan Stanley reduced their price target on shares of Prudential Financial from $122.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 8th. Zacks Investment Research lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. ValuEngine lowered shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, November 16th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $115.00 target price on shares of Prudential Financial in a research report on Monday, December 17th. Finally, Wells Fargo & Co started coverage on shares of Prudential Financial in a research report on Tuesday, January 8th. They set an “outperform” rating and a $105.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Prudential Financial has an average rating of “Buy” and a consensus price target of $114.19.

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Prudential Financial Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.

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Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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