Prudential Financial (NYSE:PRU) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

Several other equities analysts have also weighed in on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a report on Friday, November 10th. B. Riley reiterated a “buy” rating on shares of Prudential Financial in a report on Monday, November 6th. Wells Fargo & Company reiterated a “hold” rating and issued a $120.00 target price (up from $114.00) on shares of Prudential Financial in a report on Wednesday, November 8th. Royal Bank Of Canada reiterated a “hold” rating and issued a $119.00 target price on shares of Prudential Financial in a report on Friday, November 3rd. Finally, Morgan Stanley boosted their target price on shares of Prudential Financial from $123.00 to $124.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $115.64.

Shares of Prudential Financial (PRU) traded down $1.25 during midday trading on Tuesday, reaching $115.51. 1,302,141 shares of the company traded hands, compared to its average volume of 1,853,419. Prudential Financial has a one year low of $97.88 and a one year high of $117.99. The stock has a market cap of $50,250.00, a PE ratio of 11.15, a PEG ratio of 1.31 and a beta of 1.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.13 and a current ratio of 0.13.

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, beating the consensus estimate of $2.71 by $0.30. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $12.24 billion. During the same quarter in the prior year, the company earned $2.66 EPS. research analysts anticipate that Prudential Financial will post 10.38 earnings per share for the current fiscal year.

In other news, EVP Charles F. Lowrey sold 44,630 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $111.91, for a total value of $4,994,543.30. Following the transaction, the executive vice president now directly owns 79,354 shares in the company, valued at approximately $8,880,506.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nicholas C. Silitch sold 44,860 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the completion of the transaction, the insider now owns 27,927 shares in the company, valued at $3,121,400.79. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,017 shares of company stock worth $11,219,151. Company insiders own 0.66% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Guardian Life Insurance Co. of America increased its position in shares of Prudential Financial by 0.3% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 5 shares during the last quarter. Green Square Capital LLC increased its position in shares of Prudential Financial by 0.3% in the 2nd quarter. Green Square Capital LLC now owns 2,065 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 7 shares during the last quarter. Murphy Capital Management Inc. increased its position in shares of Prudential Financial by 0.3% in the 2nd quarter. Murphy Capital Management Inc. now owns 3,138 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 8 shares during the last quarter. Hudock Capital Group LLC increased its position in shares of Prudential Financial by 0.7% in the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 8 shares during the last quarter. Finally, Sigma Planning Corp increased its position in shares of Prudential Financial by 0.3% in the 1st quarter. Sigma Planning Corp now owns 3,449 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 64.65% of the company’s stock.

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About Prudential Financial

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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Analyst Recommendations for Prudential Financial (NYSE:PRU)

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