Prudential Financial, Inc. (NYSE:PRU) EVP Caroline Feeney Buys 111 Shares

Prudential Financial, Inc. (NYSE:PRU) EVP Caroline Feeney acquired 111 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $120.31 per share, with a total value of $13,354.41. Following the completion of the transaction, the executive vice president now owns 10,540 shares of the company’s stock, valued at approximately $1,268,067.40. This represents a 1.06 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Prudential Financial Trading Down 0.4 %

Shares of NYSE PRU traded down $0.43 during trading on Friday, reaching $110.35. The company had a trading volume of 3,235,592 shares, compared to its average volume of 1,432,296. The stock has a market cap of $39.51 billion, a P/E ratio of 14.77, a PEG ratio of 0.98 and a beta of 1.28. The company’s fifty day moving average price is $113.65 and its 200-day moving average price is $119.12. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.68. Prudential Financial, Inc. has a 12 month low of $104.45 and a 12 month high of $130.55.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.96 EPS for the quarter, missing analysts’ consensus estimates of $3.36 by ($0.40). Prudential Financial had a net margin of 4.01% and a return on equity of 15.86%. As a group, research analysts expect that Prudential Financial, Inc. will post 14.36 earnings per share for the current year.

Prudential Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date was Tuesday, February 18th. This is a boost from Prudential Financial’s previous quarterly dividend of $1.30. Prudential Financial’s dividend payout ratio (DPR) is 72.29%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. BMO Capital Markets assumed coverage on Prudential Financial in a research report on Thursday, January 23rd. They set an “underperform” rating and a $101.00 price objective for the company. Wells Fargo & Company increased their target price on shares of Prudential Financial from $113.00 to $118.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Piper Sandler decreased their price target on shares of Prudential Financial from $127.00 to $124.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Keefe, Bruyette & Woods dropped their price objective on shares of Prudential Financial from $129.00 to $125.00 and set a “market perform” rating for the company in a research note on Wednesday, February 12th. Finally, Barclays upped their price target on shares of Prudential Financial from $128.00 to $134.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $126.15.

Hedge Funds Weigh In On Prudential Financial

Institutional investors have recently modified their holdings of the company. Savant Capital LLC increased its stake in Prudential Financial by 0.6% during the 4th quarter. Savant Capital LLC now owns 14,382 shares of the financial services provider’s stock valued at $1,705,000 after purchasing an additional 83 shares in the last quarter. Grove Bank & Trust increased its position in shares of Prudential Financial by 65.9% during the fourth quarter. Grove Bank & Trust now owns 219 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 87 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in shares of Prudential Financial by 1.0% in the 4th quarter. HBK Sorce Advisory LLC now owns 9,417 shares of the financial services provider’s stock worth $1,116,000 after acquiring an additional 91 shares during the last quarter. Asset Dedication LLC lifted its position in Prudential Financial by 28.4% in the 4th quarter. Asset Dedication LLC now owns 420 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 93 shares in the last quarter. Finally, Altman Advisors Inc. boosted its stake in Prudential Financial by 0.6% during the 4th quarter. Altman Advisors Inc. now owns 16,087 shares of the financial services provider’s stock valued at $1,907,000 after purchasing an additional 94 shares during the last quarter. 56.83% of the stock is owned by institutional investors and hedge funds.

About Prudential Financial

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.