Prudential Financial, Inc. (NYSE:PRU) has received an average rating of “Buy” from the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $110.81.

A number of equities analysts have recently weighed in on PRU shares. ValuEngine raised Prudential Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. BidaskClub lowered Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Prudential Financial in a research report on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $113.00 target price on shares of Prudential Financial in a research report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th.

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In related news, insider Nicholas C. Silitch sold 14,897 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the sale, the insider now owns 21,274 shares of the company’s stock, valued at approximately $2,340,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Pelletier sold 4,133 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $112.18, for a total value of $463,639.94. Following the sale, the insider now directly owns 10,924 shares in the company, valued at approximately $1,225,454.32. The disclosure for this sale can be found here. Insiders have sold a total of 220,615 shares of company stock worth $24,276,660 in the last three months. 0.66% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of PRU. Seminole Management Co. Inc. lifted its holdings in Prudential Financial by 56.9% during the 1st quarter. Seminole Management Co. Inc. now owns 195,704 shares of the financial services provider’s stock worth $20,878,000 after purchasing an additional 71,004 shares in the last quarter. Usca Ria LLC lifted its holdings in Prudential Financial by 8.1% during the 1st quarter. Usca Ria LLC now owns 15,024 shares of the financial services provider’s stock worth $1,603,000 after purchasing an additional 1,131 shares in the last quarter. First Houston Capital Inc. lifted its holdings in Prudential Financial by 69.9% during the 1st quarter. First Houston Capital Inc. now owns 23,364 shares of the financial services provider’s stock worth $2,492,000 after purchasing an additional 9,614 shares in the last quarter. OLD National Bancorp IN lifted its holdings in Prudential Financial by 2.3% during the 1st quarter. OLD National Bancorp IN now owns 4,421 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 100 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in Prudential Financial by 3.8% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 49,942 shares of the financial services provider’s stock worth $5,328,000 after purchasing an additional 1,831 shares in the last quarter. 64.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Prudential Financial (PRU) traded up 0.26% during trading on Friday, hitting $98.91. 1,839,760 shares of the stock traded hands. Prudential Financial has a 52 week low of $77.68 and a 52 week high of $115.26. The company has a 50-day moving average of $106.50 and a 200-day moving average of $107.39. The firm has a market cap of $42.23 billion, a P/E ratio of 11.04 and a beta of 1.49.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by $0.61. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The business had revenue of $13.03 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same period last year, the firm posted $1.84 earnings per share. On average, analysts forecast that Prudential Financial will post $10.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Tuesday, August 22nd will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $3.00 annualized dividend and a dividend yield of 3.03%. Prudential Financial’s payout ratio is 33.63%.

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.

Analyst Recommendations for Prudential Financial (NYSE:PRU)

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