Somewhat Positive Media Coverage Somewhat Unlikely to Impact Prudential Financial (PRU) Share Price

Media coverage about Prudential Financial (NYSE:PRU) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Prudential Financial earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.6744884997677 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news articles that may have impacted Accern’s analysis:

Shares of Prudential Financial (NYSE PRU) traded down $0.58 during mid-day trading on Friday, reaching $116.16. 1,010,000 shares of the company’s stock were exchanged, compared to its average volume of 1,770,000. The firm has a market capitalization of $49,740.00, a PE ratio of 11.71, a price-to-earnings-growth ratio of 1.40 and a beta of 1.55. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.34. Prudential Financial has a 1 year low of $97.88 and a 1 year high of $118.17.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.30. The company had revenue of $13.36 billion for the quarter, compared to analyst estimates of $12.24 billion. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. During the same quarter last year, the firm posted $2.66 earnings per share. research analysts anticipate that Prudential Financial will post 10.44 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Monday, November 27th were paid a dividend of $0.75 per share. The ex-dividend date was Friday, November 24th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.58%. Prudential Financial’s dividend payout ratio is currently 30.24%.

Prudential Financial announced that its board has initiated a share repurchase plan on Thursday, December 14th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Several equities research analysts recently issued reports on PRU shares. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a research report on Friday, November 10th. ValuEngine cut shares of Prudential Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. Citigroup raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Tuesday, October 17th. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Tuesday, October 10th. Finally, FBR & Co raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and reduced their price target for the company from $117.00 to $100.00 in a research report on Tuesday, October 10th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Prudential Financial currently has an average rating of “Buy” and a consensus price target of $116.92.

In other news, insider Nicholas C. Silitch sold 44,860 shares of Prudential Financial stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the sale, the insider now owns 27,927 shares in the company, valued at $3,121,400.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy P. Harris sold 10,527 shares of Prudential Financial stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $115.00, for a total transaction of $1,210,605.00. The disclosure for this sale can be found here. Insiders have sold 100,017 shares of company stock worth $11,219,151 in the last quarter. Insiders own 0.66% of the company’s stock.

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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.

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