In yesterday’s Wall Street session, Prudential Financial Inc. (NYSE:PRU) shares traded at $89.42, down -0.48% from the previous session.
19 analysts cover Prudential Financial Inc. (NYSE:PRU), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $114.00 and a low of $70.00, we find $91.00. Given the previous closing price of $89.85, this indicates a potential upside of 1.28 percent. PRU stock price is now 6.85% away from the 50-day moving average and -4.06% away from the 200-day moving average. The market capitalization of the company currently stands at $32.21B.
The stock has received a hold rating from 12 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $92.40 as their price target over the next twelve months.
With the price target maintained at $114, JP Morgan recently Upgraded its rating from Neutral to Overweight for Prudential Financial Inc. (NYSE: PRU).
In other news, SULLIVAN ANDREW F, Executive Vice President sold 4,126 shares of the company’s stock on Mar 03. The stock was sold for $409,299 at an average price of $99.20. Upon completion of the transaction, the Executive Vice President now directly owns 12,241 shares in the company, valued at $1.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 17, Executive Vice President SULLIVAN ANDREW F sold 11,405 shares of the business’s stock. A total of $1,151,335 was realized by selling the stock at an average price of $100.95. This leaves the insider owning 12,300 shares of the company worth $1.1 million. Insiders disposed of 145,580 shares of company stock worth roughly $13.02 million over the past 1 year. A total of 0.14% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PRU stock. A new stake in Prudential Financial Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $34,317,000. POINT72 ASSET MANAGEMENT, L.P. invested $29,231,000 in shares of PRU during the first quarter. In the first quarter, MKP CAPITAL MANAGEMENT, L.L.C. acquired a new stake in Prudential Financial Inc. valued at approximately $28,851,000. OFI INVEST ASSET MANAGEMENT acquired a new stake in PRU for approximately $10,824,000. BROOKFIELD CORP /ON/ purchased a new stake in PRU valued at around $9,958,000 in the second quarter. In total, there are 1,552 active investors with 59.90% ownership of the company’s stock.
On Monday morning Prudential Financial Inc. (NYSE: PRU) stock kicked off with the opening price of $89.44. During the past 12 months, Prudential Financial Inc. has had a low of $75.37 and a high of $110.96. The fifty day moving average price for PRU is $83.80 and a two-hundred day moving average price translates $93.19 for the stock.
The latest earnings results from Prudential Financial Inc. (NYSE: PRU) was released for Mar, 2023. According to the Insurance – Life Company, earnings per share came in at $2.66, missing analysts’ expectations of $2.93 by -0.27. This compares to -$1.33 EPS in the same period last year. The net profit margin was 0.00% and return on equity was 0.10% for PRU. The company reported revenue of $17.05 billion for the quarter, compared to $11.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.78 percent. For the current quarter, analysts expect PRU to generate $12.76B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 05/23/2023 were paid a $1.25 dividend. On an annualized basis, this represents a $5.00 dividend and a 5.59% percent yield. There was an ex-dividend date of 05/22/2023 for this dividend.
