Patriot Financial Group Insurance Agency LLC held its position in shares of Prudential Financial, Inc. (NYSE:PRU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,266 shares of the financial services provider’s stock at the end of the second quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Prudential Financial were worth $141,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PRU. Westpac Banking Corp increased its position in shares of Prudential Financial by 103.7% in the first quarter. Westpac Banking Corp now owns 54,100 shares of the financial services provider’s stock worth $5,100,000 after buying an additional 27,536 shares during the last quarter. Financial Counselors Inc. increased its position in shares of Prudential Financial by 3.4% in the first quarter. Financial Counselors Inc. now owns 72,807 shares of the financial services provider’s stock worth $7,767,000 after buying an additional 2,365 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Prudential Financial by 3.3% in the first quarter. Vanguard Group Inc. now owns 30,272,486 shares of the financial services provider’s stock worth $3,229,469,000 after buying an additional 968,500 shares during the last quarter. APG Asset Management N.V. increased its position in shares of Prudential Financial by 1.2% in the second quarter. APG Asset Management N.V. now owns 995,020 shares of the financial services provider’s stock worth $107,601,000 after buying an additional 11,600 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Prudential Financial by 7.4% in the first quarter. Russell Investments Group Ltd. now owns 371,824 shares of the financial services provider’s stock worth $39,672,000 after buying an additional 25,581 shares during the last quarter. Institutional investors and hedge funds own 64.44% of the company’s stock.

Shares of Prudential Financial, Inc. (NYSE:PRU) traded down 1.37% during midday trading on Tuesday, hitting $101.27. 159,118 shares of the stock were exchanged. Prudential Financial, Inc. has a 1-year low of $77.01 and a 1-year high of $115.26. The firm has a market capitalization of $43.24 billion, a price-to-earnings ratio of 11.31 and a beta of 1.50. The stock’s 50-day moving average price is $109.15 and its 200-day moving average price is $107.92.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by $0.61. The firm had revenue of $13.03 billion for the quarter, compared to analysts’ expectations of $12.45 billion. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. During the same quarter last year, the company posted $1.84 EPS. On average, analysts forecast that Prudential Financial, Inc. will post $10.14 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Tuesday, August 22nd will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Friday, August 18th. Prudential Financial’s dividend payout ratio (DPR) is presently 33.63%.

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PRU has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. BidaskClub downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Wells Fargo & Company restated a “hold” rating on shares of Prudential Financial in a report on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating and set a $113.00 target price on shares of Prudential Financial in a report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods restated a “buy” rating on shares of Prudential Financial in a report on Friday, August 11th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $111.21.

In related news, insider Stephen Pelletier sold 4,133 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $112.18, for a total transaction of $463,639.94. Following the completion of the sale, the insider now owns 10,924 shares in the company, valued at $1,225,454.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $110.00, for a total value of $22,174,350.00. Following the sale, the chairman now owns 456,121 shares of the company’s stock, valued at approximately $50,173,310. The disclosure for this sale can be found here. In the last quarter, insiders have sold 220,615 shares of company stock valued at $24,276,660. 0.66% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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