Wedge Capital Management L L P NC Grows Stock Holdings in Prudential Financial, Inc. $PRU

Wedge Capital Management L L P NC raised its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 8.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 325,257 shares of the financial services provider’s stock after buying an additional 26,120 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Prudential Financial were worth $35,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Transcend Capital Advisors LLC increased its position in Prudential Financial by 2.4% during the fourth quarter. Transcend Capital Advisors LLC now owns 4,175 shares of the financial services provider’s stock valued at $471,000 after acquiring an additional 98 shares during the last quarter. Rossby Financial LCC boosted its position in Prudential Financial by 32.4% in the fourth quarter. Rossby Financial LCC now owns 421 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 103 shares during the last quarter. TD Private Client Wealth LLC increased its position in shares of Prudential Financial by 5.6% during the 4th quarter. TD Private Client Wealth LLC now owns 1,972 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 104 shares during the last quarter. Western Wealth Management LLC increased its position in shares of Prudential Financial by 1.7% during the 4th quarter. Western Wealth Management LLC now owns 6,215 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 105 shares during the last quarter. Finally, Apella Capital LLC lifted its stake in shares of Prudential Financial by 3.7% in the 1st quarter. Apella Capital LLC now owns 2,979 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 106 shares during the period. 56.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $24.75, for a total value of $5,314,963.50. Following the sale, the insider owned 7,973,657 shares of the company’s stock, valued at approximately $197,348,010.75. This represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.05% of the company’s stock.

Prudential Financial News Summary

Here are the key news stories impacting Prudential Financial this week:

• Positive Sentiment: Prudential’s second-quarter 2026 non-GAAP earnings reached $4.08 per share, 16% above consensus estimates. Management’s focus on core markets, margin expansion and operational streamlining could improve profitability and efficiency. PRU Q2 Deep Dive: Strategy Shift to Core Markets, Margin Expansion, and Operational Streamlining
• Positive Sentiment: Dowling & Partners raised its EPS forecasts for PRU to $14.90 for 2026, $15.15 for 2027 and $16.45 for 2028. The 2026 estimate is above the broader consensus forecast of $13.92, suggesting expectations for sustained earnings momentum.
• Neutral Sentiment: Piper Sandler lifted its price target from $110 to $128 but retained a neutral rating. The new target implies modest additional upside and indicates the firm sees limited valuation-driven gains at current levels. Benzinga analyst update
• Neutral Sentiment: Keefe, Bruyette & Woods raised its target from $113 to $123 while maintaining a market perform rating. The target is close to the stock’s recent trading level, providing little evidence of a major re-rating. Benzinga analyst update
• Neutral Sentiment: Prudential’s revenue rose 4.8% year over year to $14.16 billion, but missed Wall Street expectations of $14.36 billion. The revenue weakness partially offsets the strong earnings beat and remains a potential pressure point for investors.
• Neutral Sentiment: Expectations that interest rates could rise in September may benefit insurers through higher investment yields, but could also increase market volatility and pressure asset valuations. The impact on PRU is therefore mixed.

Analysts Set New Price Targets

PRU has been the topic of several analyst reports. Zacks Research upgraded shares of Prudential Financial from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. Wells Fargo & Company raised their target price on Prudential Financial from $100.00 to $103.00 and gave the stock an “underweight” rating in a report on Thursday, July 9th. TD Cowen lifted their target price on Prudential Financial from $102.00 to $114.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group upped their price target on Prudential Financial from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $92.00 price objective (down from $106.00) on shares of Prudential Financial in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Prudential Financial has an average rating of “Reduce” and a consensus price target of $107.62.

Prudential Financial Trading Up 0.2%

Shares of Prudential Financial stock opened at $122.37 on Wednesday. Prudential Financial, Inc. has a twelve month low of $91.89 and a twelve month high of $127.72. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $113.68 and a 200-day moving average price of $104.87. The firm has a market cap of $42.22 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 2.34 and a beta of 0.84.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.56. Prudential Financial had a return on equity of 16.68% and a net margin of 6.51%.The company had revenue of $14.15 billion during the quarter, compared to analyst estimates of $14.36 billion. During the same period in the prior year, the company earned $3.58 earnings per share. Equities research analysts anticipate that Prudential Financial, Inc. will post 14.07 EPS for the current fiscal year.

Prudential Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, August 25th. Prudential Financial’s payout ratio is presently 50.72%.

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.