Livforsakringsbolaget Skandia Omsesidigt Has $141,000 Position in Prudential Financial, Inc. (NYSE:PRU)

Livforsakringsbolaget Skandia Omsesidigt increased its position in Prudential Financial, Inc. (NYSE:PRU) by 71.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,360 shares of the financial services provider’s stock after buying an additional 565 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Prudential Financial were worth $141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in PRU. First Financial Corp IN lifted its holdings in shares of Prudential Financial by 13.7% during the fourth quarter. First Financial Corp IN now owns 848 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 102 shares during the period. Hilltop Holdings Inc. grew its position in shares of Prudential Financial by 1.5% in the 2nd quarter. Hilltop Holdings Inc. now owns 7,917 shares of the financial services provider’s stock valued at $698,000 after buying an additional 116 shares during the last quarter. Patron Partners LLC increased its stake in shares of Prudential Financial by 2.4% in the third quarter. Patron Partners LLC now owns 5,086 shares of the financial services provider’s stock valued at $483,000 after buying an additional 119 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of Prudential Financial by 5.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,451 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 119 shares during the period. Finally, McIlrath & Eck LLC increased its position in Prudential Financial by 30.6% during the 4th quarter. McIlrath & Eck LLC now owns 512 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 120 shares during the period. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Prudential Financial Trading Up 1.3 %

NYSE:PRU opened at $108.70 on Friday. Prudential Financial, Inc. has a one year low of $77.22 and a one year high of $118.69. The company has a market cap of $39.02 billion, a PE ratio of 16.25, a PEG ratio of 0.73 and a beta of 1.37. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a 50-day moving average of $111.20 and a 200-day moving average of $102.94.

Prudential Financial (NYSE:PRU) last posted its earnings results on Tuesday, February 6th. The financial services provider reported $2.58 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.09). Prudential Financial had a net margin of 4.89% and a return on equity of 14.52%. The company had revenue of $13.02 billion during the quarter, compared to the consensus estimate of $12.99 billion. During the same quarter in the prior year, the business earned $2.42 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, equities research analysts expect that Prudential Financial, Inc. will post 13.38 EPS for the current fiscal year.

Prudential Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Tuesday, February 20th were paid a $1.30 dividend. This is a positive change from Prudential Financial’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Friday, February 16th. This represents a $5.20 annualized dividend and a dividend yield of 4.78%. Prudential Financial’s dividend payout ratio is presently 77.73%.

Insider Activity

In other Prudential Financial news, EVP Ann M. Kappler sold 7,222 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $108.39, for a total value of $782,792.58. Following the completion of the sale, the executive vice president now directly owns 24,381 shares of the company’s stock, valued at approximately $2,642,656.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Prudential Financial news, EVP Ann M. Kappler sold 7,222 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $108.39, for a total value of $782,792.58. Following the completion of the transaction, the executive vice president now owns 24,381 shares in the company, valued at approximately $2,642,656.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy L. Schmidt sold 7,912 shares of Prudential Financial stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $108.13, for a total value of $855,524.56. Following the sale, the senior vice president now owns 14,754 shares in the company, valued at $1,595,350.02. The disclosure for this sale can be found here. Insiders sold a total of 29,255 shares of company stock worth $3,215,664 over the last quarter. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PRU. TheStreet raised shares of Prudential Financial from a “c+” rating to an “a-” rating in a research note on Tuesday, February 6th. Piper Sandler upped their target price on Prudential Financial from $114.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Wells Fargo & Company lifted their target price on Prudential Financial from $100.00 to $106.00 and gave the stock an “underweight” rating in a report on Thursday, April 11th. Evercore ISI increased their price target on Prudential Financial from $104.00 to $115.00 and gave the stock an “underperform” rating in a report on Thursday, April 11th. Finally, Raymond James downgraded shares of Prudential Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $111.33.

About Prudential Financial

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.