Recent changes in large investor holdings of Prudential Financial include substantial increases from Cullinan Associates (up 2,355%) and National Bank of Canada FI (up 44.9%). Cullinan now owns 151,598 shares worth $17.8 million, while National Bank holds 230,044 shares valued at $27.3 million. Other firms like Greenwood Capital and Brookstone also made significant purchases. Overall, institutional investors own 56.83% of the company.
Price Targets from Analysts
Analysts have updated their price targets for Prudential Financial: Piper Sandler increased it to $127, and JPMorgan raised theirs to $128. Citigroup set their target at $120. Currently, the consensus rating is “Hold” with an average target price of $123.36.
Check Out Our Latest Analysis on PRU
Insider Transactions
Recently, EVP Ann M. Kappler sold 2,839 shares at $113.43 each, totaling $322,027.77. She now owns 14,535 shares worth about $1.65 million. Another EVP, Caroline Feeney, sold 1,110 shares at $119.97 each for $133,166.70. Insiders own 0.31% of Prudential’s stock.
Price Performance
As of Tuesday, PRU opened at $120.46, with a market cap of $43.25 billion and a P/E ratio of 20.49. The stock has traded between $87.95 and $128.52 over the last year. Last quarter, Prudential reported earnings of $3.39 per share, missing estimates, and expected an EPS of 13.29 for the year.
Dividend Announcement
Prudential declared a quarterly dividend of $1.30 per share, paid on September 12, with an annual yield of 4.32%. The payout ratio is 88.44%.
Company Profile
Prudential Financial, Inc. offers insurance and financial products globally through various segments.
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