Prudential Financial Inc (NYSE:PRU) SVP Barbara Koster sold 16,801 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $115.17, for a total transaction of $1,934,971.17. Following the completion of the transaction, the senior vice president now owns 37,327 shares of the company’s stock, valued at $4,298,950.59. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Prudential Financial Inc (PRU) traded up $0.47 on Wednesday, reaching $115.45. 2,207,000 shares of the company’s stock were exchanged, compared to its average volume of 1,677,100. Prudential Financial Inc has a 52-week low of $97.88 and a 52-week high of $118.17. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.34. The company has a market cap of $49,810.00, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $12.24 billion. During the same period in the previous year, the firm posted $2.66 EPS. research analysts expect that Prudential Financial Inc will post 10.44 EPS for the current fiscal year.

Prudential Financial announced that its board has authorized a share buyback program on Thursday, December 14th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Monday, November 27th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Friday, November 24th. Prudential Financial’s payout ratio is 30.24%.

PRU has been the topic of several research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $127.00 price target on shares of Prudential Financial in a report on Thursday, December 21st. ValuEngine raised shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 5th. Zacks Investment Research lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Tuesday. Deutsche Bank initiated coverage on shares of Prudential Financial in a report on Tuesday. They set a “hold” rating and a $124.00 price target on the stock. Finally, Wells Fargo & Co set a $122.00 price target on shares of Prudential Financial and gave the company a “hold” rating in a report on Thursday, December 14th. Nine investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $117.45.

Institutional investors and hedge funds have recently bought and sold shares of the business. Douglas Lane & Associates LLC grew its holdings in Prudential Financial by 3.1% during the 3rd quarter. Douglas Lane & Associates LLC now owns 647,412 shares of the financial services provider’s stock worth $68,833,000 after acquiring an additional 19,238 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Prudential Financial by 5.0% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 42,113 shares of the financial services provider’s stock worth $4,477,000 after acquiring an additional 1,990 shares during the last quarter. APG Asset Management N.V. grew its holdings in Prudential Financial by 171.8% during the 3rd quarter. APG Asset Management N.V. now owns 2,704,719 shares of the financial services provider’s stock worth $287,566,000 after acquiring an additional 1,709,699 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of Prudential Financial by 253.2% in the 2nd quarter. Bank of Nova Scotia now owns 347,743 shares of the financial services provider’s stock worth $37,605,000 after purchasing an additional 249,277 shares during the period. Finally, Boston Advisors LLC lifted its position in shares of Prudential Financial by 0.8% in the 3rd quarter. Boston Advisors LLC now owns 149,937 shares of the financial services provider’s stock worth $15,941,000 after purchasing an additional 1,195 shares during the period. 64.46% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for Prudential Financial (NYSE:PRU)

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