Tokio Marine Asset Management Co. Ltd. Sells 1,335 Shares of Prudential Financial, Inc. (PRU)

Tokio Marine Asset Management Co. Ltd. decreased its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,163 shares of the financial services provider’s stock after selling 1,335 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Prudential Financial were worth $3,313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of PRU. Fieldpoint Private Securities LLC purchased a new stake in Prudential Financial during the 2nd quarter worth about $103,000. Hudock Capital Group LLC increased its holdings in Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 8 shares during the period. Accurate Investment Solutions Inc. increased its holdings in Prudential Financial by 2.3% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 38 shares during the period. Advisory Services Network LLC increased its holdings in Prudential Financial by 128.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider’s stock worth $184,000 after purchasing an additional 957 shares during the period. Finally, Trust Co. of Vermont increased its holdings in Prudential Financial by 28.5% during the 2nd quarter. Trust Co. of Vermont now owns 1,711 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 380 shares during the period. Institutional investors own 64.88% of the company’s stock.

In other news, insider Stephen Pelletier sold 4,133 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $112.18, for a total transaction of $463,639.94. Following the completion of the transaction, the insider now directly owns 10,924 shares in the company, valued at $1,225,454.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the insider now owns 21,274 shares of the company’s stock, valued at $2,340,140. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, beating the Zacks’ consensus estimate of $2.71 by $0.30. Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $12.24 billion. During the same period in the previous year, the firm posted $2.66 earnings per share.

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Several brokerages have weighed in on PRU. Goldman Sachs Group, Inc. (The) began coverage on Prudential Financial in a report on Wednesday, October 18th. They set a “neutral” rating and a $114.00 price target on the stock. Citigroup Inc. upgraded Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Tuesday, October 17th. Keefe, Bruyette & Woods restated a “buy” rating and set a $121.00 price target on shares of Prudential Financial in a report on Monday, October 16th. Zacks Investment Research upgraded Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a report on Tuesday, October 10th. Finally, FBR & Co upgraded Prudential Financial from a “neutral” rating to a “buy” rating and cut their price target for the stock from $117.00 to $100.00 in a report on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Prudential Financial currently has a consensus rating of “Buy” and an average price target of $114.56.

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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