Recently, several large investors increased their stakes in Prudential Financial. For example, Cullinan Associates raised its holdings by 2,355%, owning now 151,598 shares worth $17.8 million. National Bank of Canada increased its stake by 44.9%, owning 230,044 shares worth $27.3 million. Other firms like Greenwood Capital and Nomura Holdings also bought new shares, while Brookstone Capital boosted its holdings by 1,635%. Currently, institutional investors hold 56.83% of Prudential’s stock.
Analysts Set New Price Targets
Analysts recently updated their price targets for Prudential Financial (PRU) shares. Piper Sandler raised the target from $121 to $127, while JPMorgan increased it from $118 to $128. Citigroup raised its target to $120, and Jefferies lowered it slightly to $141. The consensus rating is “Hold” with an average target price of $123.36.
Check Out Our Latest Analysis on PRU
Insider Transactions
EVP Ann M. Kappler sold 2,839 shares at $113.43, totaling approximately $322,027, and now owns 14,535 shares. Caroline Feeney sold 1,110 shares for about $133,167, retaining 10,175 shares. Insiders hold 0.31% of the company.
Price Performance
PRU opened at $120.46, with a market cap of $43.25 billion and a P/E ratio of 20.49. The company has a 12-month low of $87.95 and a high of $128.52. Most recently, Prudential reported EPS of $3.39, falling short of expectations.
Dividend Announcement
Prudential declared a quarterly dividend of $1.30 per share on September 12, with a yield of 4.32%. The dividend payout ratio is 88.44%.
Company Profile
Prudential Financial, Inc. provides financial products and services, including insurance and investment management globally.
Recommended Stories
- Five stocks we like better than Prudential Financial
- Stocks with Unusual Volume
- Ciena Stock Powers the AI Cloud Boom
- Trading Halts Explained
- Affirms Path to Profitability Elevates
- Top Biotech Stocks
- RPM International Thrives in Construction Rally
Want to see what other hedge funds are holding PRU? Visit HoldingsChannel.com for the latest filings and trades for Prudential Financial, Inc.
Receive Daily News & Ratings for Prudential Financial – Enter your email below to get a summary of the latest news and ratings with MarketBeat.com’s FREE daily email newsletter.
`
