DOWLING & PARTN Issues Optimistic Estimate for PRU Earnings

Prudential Financial, Inc. (NYSE:PRU) – Equities researchers at DOWLING & PARTN upped their FY2026 earnings per share (EPS) estimates for shares of Prudential Financial in a research report issued on Friday, July 17th. DOWLING & PARTN analyst J. Hurwitz now anticipates that the financial services provider will earn $14.00 per share for the year, up from their prior forecast of $13.80. The consensus estimate for Prudential Financial’s current full-year earnings is $13.81 per share.

Prudential Financial (NYSE:PRU) last posted its earnings results on Tuesday, May 5th. The financial services provider reported $3.61 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.52. Prudential Financial had a net margin of 5.83% and a return on equity of 16.33%. The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $14.10 billion. During the same quarter in the prior year, the company posted $3.29 earnings per share.

Other research analysts also recently issued reports about the company. Piper Sandler boosted their target price on Prudential Financial from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 24th. Argus downgraded Prudential Financial from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Mizuho upped their price objective on shares of Prudential Financial from $101.00 to $109.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Wall Street Zen raised shares of Prudential Financial from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Prudential Financial from $106.00 to $113.00 and gave the stock a “market perform” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $104.75.

Prudential Financial Stock Performance

Shares of PRU stock opened at $118.47 on Wednesday. Prudential Financial has a 12-month low of $91.89 and a 12-month high of $120.53. The business’s fifty day simple moving average is $107.93 and its 200-day simple moving average is $104.18. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.58. The company has a market cap of $41.11 billion, a PE ratio of 12.19, a PEG ratio of 2.35 and a beta of 0.85.

Prudential Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, May 26th were paid a $1.40 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.7%. Prudential Financial’s dividend payout ratio is presently 57.61%.

Institutional Investors Weigh In On Prudential Financial

Hedge funds have recently bought and sold shares of the stock. State Street Corp grew its stake in shares of Prudential Financial by 1.2% during the 4th quarter. State Street Corp now owns 17,234,061 shares of the financial services provider’s stock worth $1,945,381,000 after purchasing an additional 210,959 shares during the period. Geode Capital Management LLC boosted its holdings in Prudential Financial by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 9,533,806 shares of the financial services provider’s stock worth $1,078,904,000 after buying an additional 26,414 shares in the last quarter. Morgan Stanley grew its position in Prudential Financial by 6.7% during the fourth quarter. Morgan Stanley now owns 6,649,202 shares of the financial services provider’s stock valued at $750,562,000 after buying an additional 420,081 shares during the period. Dimensional Fund Advisors LP grew its position in Prudential Financial by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,758,545 shares of the financial services provider’s stock valued at $367,089,000 after buying an additional 166,641 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Prudential Financial by 95.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,556,748 shares of the financial services provider’s stock valued at $249,769,000 after buying an additional 1,247,371 shares in the last quarter. Hedge funds and other institutional investors own 56.83% of the company’s stock.

About Prudential Financial

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.