Prudential Financial (PRU) Earning Somewhat Favorable Media Coverage, Study Finds
Media coverage about Prudential Financial (NYSE:PRU) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Prudential Financial earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.7575172814919 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Prudential Financial, Inc. (NYSE:PRU) Shares Bought by Foundry Partners LLC (leisuretravelaid.com)
- Prudential Financial, Inc. (NYSE:PRU) Stake Decreased by Clearbridge Investments LLC (naijaoversabi.com)
- Prudential plc (LON:PRU) Stock Rating Reaffirmed by Deutsche Bank AG (joshnaijablog.com)
- Keefe, Bruyette & Woods Reiterates “Buy” Rating for Prudential Financial, Inc. (PRU) (americanbankingnews.com)
- Prudential Financial, Inc. (PRU) Downgraded by BidaskClub (americanbankingnews.com)
PRU has been the subject of several recent research reports. Deutsche Bank AG increased their target price on shares of Prudential Financial from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, April 19th. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. ValuEngine upgraded shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Prudential Financial has an average rating of “Buy” and a consensus target price of $111.21.
Prudential Financial (NYSE:PRU) traded up 0.99% on Monday, reaching $106.74. 2,285,942 shares of the company’s stock traded hands. The stock’s 50 day moving average is $110.52 and its 200 day moving average is $108.14. The firm has a market cap of $45.58 billion, a price-to-earnings ratio of 11.92 and a beta of 1.50. Prudential Financial has a 52-week low of $74.85 and a 52-week high of $115.26.
Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.70 by $0.61. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The company had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the firm posted $1.84 EPS. On average, equities research analysts predict that Prudential Financial will post $10.21 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Tuesday, August 22nd will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Friday, August 18th. Prudential Financial’s payout ratio is currently 33.63%.
In other Prudential Financial news, insider Nicholas C. Silitch sold 14,897 shares of Prudential Financial stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total value of $1,638,670.00. Following the transaction, the insider now owns 21,274 shares of the company’s stock, valued at $2,340,140. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman John R. Strangfeld, Jr. sold 201,585 shares of Prudential Financial stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $110.00, for a total transaction of $22,174,350.00. Following the completion of the transaction, the chairman now directly owns 456,121 shares in the company, valued at approximately $50,173,310. The disclosure for this sale can be found here. In the last ninety days, insiders sold 220,615 shares of company stock worth $24,276,660. Insiders own 0.66% of the company’s stock.
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Prudential Financial Company Profile
Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.
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