Prudential Financial (PRU) Raised to Strong-Buy at ValuEngine

Prudential Financial (NYSE:PRU) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

PRU has been the subject of several other research reports. BidaskClub cut Prudential Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Morgan Stanley increased their price objective on Prudential Financial from $123.00 to $124.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. B. Riley reiterated a “buy” rating on shares of Prudential Financial in a report on Monday, November 6th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a report on Friday, August 11th. Finally, Wells Fargo & Company reissued a “hold” rating and issued a $120.00 target price (up previously from $114.00) on shares of Prudential Financial in a research report on Wednesday, November 8th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $115.64.

Prudential Financial (PRU) traded down $1.25 during midday trading on Tuesday, reaching $115.51. The company’s stock had a trading volume of 1,302,141 shares, compared to its average volume of 1,853,419. Prudential Financial has a 1-year low of $97.88 and a 1-year high of $117.99. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.34. The stock has a market cap of $50,250.00, a PE ratio of 11.15, a P/E/G ratio of 1.31 and a beta of 1.55.

Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.30. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. The business had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $12.24 billion. During the same quarter last year, the business posted $2.66 EPS. equities analysts forecast that Prudential Financial will post 10.38 EPS for the current year.

In related news, insider Nicholas C. Silitch sold 44,860 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the completion of the transaction, the insider now owns 27,927 shares of the company’s stock, valued at approximately $3,121,400.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Charles F. Lowrey sold 44,630 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $111.91, for a total value of $4,994,543.30. Following the transaction, the executive vice president now directly owns 79,354 shares of the company’s stock, valued at approximately $8,880,506.14. The disclosure for this sale can be found here. Insiders sold a total of 100,017 shares of company stock valued at $11,219,151 in the last three months. Corporate insiders own 0.66% of the company’s stock.

A number of hedge funds have recently bought and sold shares of PRU. Sei Investments Co. increased its position in Prudential Financial by 92.3% during the 2nd quarter. Sei Investments Co. now owns 68,728 shares of the financial services provider’s stock valued at $7,433,000 after buying an additional 32,989 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Prudential Financial by 5.1% in the 2nd quarter. IFP Advisors Inc now owns 17,257 shares of the financial services provider’s stock worth $1,866,000 after purchasing an additional 842 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new stake in shares of Prudential Financial in the 2nd quarter worth $2,703,000. HL Financial Services LLC increased its holdings in shares of Prudential Financial by 0.5% in the 2nd quarter. HL Financial Services LLC now owns 32,832 shares of the financial services provider’s stock worth $3,550,000 after purchasing an additional 179 shares in the last quarter. Finally, Seaward Management Limited Partnership boosted its stake in shares of Prudential Financial by 1.1% in the 2nd quarter. Seaward Management Limited Partnership now owns 42,783 shares of the financial services provider’s stock worth $4,626,000 after buying an additional 483 shares during the last quarter. 64.65% of the stock is owned by 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.

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