American National Insurance Co. TX Has $19,317,000 Position in Prudential Financial, Inc. (NYSE:PRU)

American National Insurance Co. TX held its position in Prudential Financial, Inc. (NYSE:PRU) during the second quarter, according to its most recent filing with the SEC. The firm owned 178,625 shares of the financial services provider’s stock at the end of the second quarter. Prudential Financial makes up approximately 1.1% of American National Insurance Co. TX’s investment portfolio, making the stock its 20th largest position. American National Insurance Co. TX’s holdings in Prudential Financial were worth $19,317,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PRU. Oregon Public Employees Retirement Fund raised its position in Prudential Financial by 59.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 164,931 shares of the financial services provider’s stock valued at $17,836,000 after buying an additional 61,300 shares during the period. Legacy Private Trust Co. raised its position in Prudential Financial by 0.7% in the second quarter. Legacy Private Trust Co. now owns 12,675 shares of the financial services provider’s stock valued at $1,371,000 after buying an additional 90 shares during the period. CENTRAL TRUST Co raised its position in Prudential Financial by 4.8% in the second quarter. CENTRAL TRUST Co now owns 5,658 shares of the financial services provider’s stock valued at $612,000 after buying an additional 259 shares during the period. OLD National Bancorp IN raised its position in Prudential Financial by 42.3% in the second quarter. OLD National Bancorp IN now owns 6,292 shares of the financial services provider’s stock valued at $681,000 after buying an additional 1,871 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its position in Prudential Financial by 0.9% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,018 shares of the financial services provider’s stock valued at $218,000 after buying an additional 18 shares during the period. Institutional investors own 63.51% of the company’s stock.

Prudential Financial, Inc. (NYSE PRU) opened at 105.69 on Friday. The company’s 50-day moving average is $110.42 and its 200 day moving average is $108.12. Prudential Financial, Inc. has a 12 month low of $75.20 and a 12 month high of $115.26. The company has a market cap of $45.13 billion, a price-to-earnings ratio of 11.80 and a beta of 1.50.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data 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. The business had revenue of $13.03 billion during the quarter, compared to analyst estimates of $12.45 billion. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. During the same quarter in the prior year, the firm posted $1.84 earnings per share. Equities analysts forecast that Prudential Financial, Inc. will post $10.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Tuesday, August 22nd will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.84%. The ex-dividend date is Friday, August 18th. Prudential Financial’s payout ratio is 33.63%.

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PRU has been the subject of a number of analyst reports. Deutsche Bank AG upped their price objective on shares of Prudential Financial from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, April 19th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. BidaskClub raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. ValuEngine raised shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $111.21.

In other Prudential Financial news, insider Nicholas C. Silitch sold 14,897 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total value of $1,638,670.00. Following the sale, the insider now owns 21,274 shares in the company, valued at approximately $2,340,140. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $110.00, for a total value of $22,174,350.00. Following the completion of the sale, the chairman now owns 456,121 shares in the company, valued at approximately $50,173,310. The disclosure for this sale can be found here. Insiders sold a total of 220,615 shares of company stock worth $24,276,660 in the last 90 days. Company insiders own 0.66% of the company’s stock.

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.

Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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