Associated Banc Corp Cuts Stake in Prudential Financial, Inc. $PRU

Associated Banc Corp trimmed its stake in Prudential Financial, Inc. (NYSE:PRU) by 29.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,754 shares of the financial services provider’s stock after selling 10,816 shares during the quarter. Associated Banc Corp’s holdings in Prudential Financial were worth $2,516,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of PRU. Jessup Wealth Management Inc acquired a new position in shares of Prudential Financial in the 4th quarter valued at $25,000. Garton & Associates Financial Advisors LLC acquired a new position in Prudential Financial in the fourth quarter valued at $26,000. Salomon & Ludwin LLC boosted its holdings in Prudential Financial by 98.3% in the fourth quarter. Salomon & Ludwin LLC now owns 230 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 114 shares during the last quarter. Lodestone Wealth Management LLC purchased a new stake in Prudential Financial during the fourth quarter valued at about $28,000. Finally, Basepoint Wealth LLC acquired a new stake in Prudential Financial during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Prudential Financial Price Performance

PRU stock opened at $115.43 on Monday. The stock’s 50 day moving average is $105.58 and its two-hundred day moving average is $104.02. Prudential Financial, Inc. has a 52-week low of $91.89 and a 52-week high of $119.76. The company has a market capitalization of $40.06 billion, a PE ratio of 11.88, a P/E/G ratio of 2.10 and a beta of 0.85. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.58.

Prudential Financial (NYSE:PRU) last released its earnings results on Tuesday, May 5th. The financial services provider reported $3.61 EPS for the quarter, beating the consensus estimate of $3.09 by $0.52. The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $14.10 billion. Prudential Financial had a return on equity of 16.33% and a net margin of 5.83%.During the same period in the prior year, the business posted $3.29 EPS. Analysts predict that Prudential Financial, Inc. will post 13.82 earnings per share for the current fiscal year.

Prudential Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, May 26th were given a $1.40 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $5.60 annualized dividend and a dividend yield of 4.9%. Prudential Financial’s payout ratio is presently 57.61%.

Wall Street Analyst Weigh In

PRU has been the topic of several research analyst reports. BMO Capital Markets reduced their price objective on Prudential Financial from $91.00 to $87.00 and set an “underperform” rating on the stock in a research note on Thursday, April 23rd. Argus cut shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Weiss Ratings raised shares of Prudential Financial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. UBS Group cut their target price on shares of Prudential Financial from $105.00 to $98.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Prudential Financial from $100.00 to $106.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 13th. Eleven investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Prudential Financial presently has an average rating of “Reduce” and an average target price of $104.00.

Prudential Financial News Roundup

Here are the key news stories impacting Prudential Financial this week:

• Positive Sentiment: Prudential was included in articles highlighting solid dividend stocks and momentum names, which can attract income and value investors looking for stable cash flows and defensive characteristics.
• Positive Sentiment: Mizuho raised its price target on Prudential Financial to $109 from $101, showing improved valuation expectations even though the firm kept a neutral stance.
• Positive Sentiment: Wells Fargo raised its price target to $103 from $100, signaling some confidence in Prudential’s outlook despite maintaining an underweight rating.
• Neutral Sentiment: Prudential announced it will report second-quarter 2026 earnings on August 4 and hold its strategy call on August 5, keeping investors focused on the upcoming results and management commentary. Prudential Financial, Inc. to Announce Second Quarter 2026 Earnings; Schedules Earnings and Strategy Call
• Neutral Sentiment: Jefferies lifted its target to $110 from $105 but kept a hold rating, reinforcing the view that the stock looks fairly valued after its recent run.
• Negative Sentiment: Several broker notes still imply downside from the current share price, including Wells Fargo, Mizuho, and Jefferies, which may temper further near-term gains.
• Negative Sentiment: Consensus coverage referenced in recent reports remains cautious, with analysts described as having a “reduce” recommendation on PRU, pointing to a generally lukewarm outlook.

About Prudential Financial

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.