13,110 Shares in Prudential Financial, Inc. $PRU Purchased by Longfellow Investment Management Co. LLC

Longfellow Investment Management Co. LLC bought a new stake in Prudential Financial, Inc. (NYSE:PRU) during the second quarter, HoldingsChannel reports. The institutional investor bought 13,110 shares of the financial services provider’s stock, valued at approximately $1,415,000.

Several other large investors also recently modified their holdings of the stock. Jessup Wealth Management Inc purchased a new position in Prudential Financial in the fourth quarter valued at approximately $25,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Prudential Financial in the fourth quarter valued at $26,000. Salomon & Ludwin LLC lifted its position in shares of Prudential Financial by 98.3% during the 4th quarter. Salomon & Ludwin LLC now owns 230 shares of the financial services provider’s stock valued at $27,000 after buying an additional 114 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Prudential Financial by 93.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 278 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 134 shares during the period. Finally, Coston McIsaac & Partners increased its holdings in Prudential Financial by 93.4% in the 4th quarter. Coston McIsaac & Partners now owns 265 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Insider Activity at Prudential Financial

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

Prudential Financial Stock Down 0.1%

PRU opened at $125.05 on Monday. The firm has a market capitalization of $43.14 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 2.38 and a beta of 0.84. Prudential Financial, Inc. has a one year low of $91.89 and a one year high of $127.72. The company has a fifty day moving average price of $114.94 and a 200-day moving average price of $105.21. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.16 and a quick ratio of 0.16.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.56. The company had revenue of $14.15 billion during the quarter, compared to analyst estimates of $14.36 billion. Prudential Financial had a return on equity of 16.68% and a net margin of 6.51%.During the same quarter last year, the company earned $3.58 earnings per share. Equities research analysts expect that Prudential Financial, Inc. will post 14.17 earnings per share for the current fiscal year.

Prudential Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th will be given a dividend of $1.40 per share. The ex-dividend date is Tuesday, August 25th. This represents a $5.60 annualized dividend and a yield of 4.5%. Prudential Financial’s payout ratio is presently 50.72%.

Analyst Ratings Changes

A number of brokerages have weighed in on PRU. Barclays increased their target price on shares of Prudential Financial from $90.00 to $92.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods raised their price objective on shares of Prudential Financial from $113.00 to $123.00 and gave the stock a “market perform” rating in a report on Tuesday, August 11th. TD Cowen boosted their target price on shares of Prudential Financial from $102.00 to $114.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. BMO Capital Markets dropped their target price on Prudential Financial from $91.00 to $87.00 and set an “underperform” rating on the stock in a research report on Thursday, April 23rd. Finally, Zacks Research upgraded Prudential Financial from a “strong sell” rating to a “hold” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Prudential Financial currently has a consensus rating of “Reduce” and an average target price of $107.62.

Prudential Financial Profile

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.