Prudential Financial, Inc. (NYSE:PRU) EVP Timothy P. Harris sold 10,527 shares of Prudential Financial stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $115.00, for a total value of $1,210,605.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Prudential Financial, Inc. (NYSE:PRU) traded down $0.50 during trading on Friday, hitting $115.40. The stock had a trading volume of 1,660,000 shares, compared to its average volume of 1,723,989. The stock has a market capitalization of $49,128.88, a PE ratio of 11.19, a PEG ratio of 1.31 and a beta of 1.55. Prudential Financial, Inc. has a 1-year low of $97.88 and a 1-year high of $117.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.13 and a quick ratio of 0.13.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, beating the Zacks’ consensus estimate of $2.71 by $0.30. The business had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $12.24 billion. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. During the same period in the previous year, the business earned $2.66 earnings per share. equities analysts forecast that Prudential Financial, Inc. will post 10.38 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Monday, November 27th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, November 24th. Prudential Financial’s dividend payout ratio (DPR) is presently 30.18%.

A number of equities research analysts recently commented on PRU shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $119.00 target price on shares of Prudential Financial in a report on Friday, November 3rd. Morgan Stanley lifted their target price on Prudential Financial from $123.00 to $124.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Goldman Sachs Group started coverage on Prudential Financial in a research report on Wednesday, October 18th. They set a “neutral” rating and a $114.00 price target for the company. Citigroup upgraded Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Tuesday, October 17th. Finally, Wells Fargo & Company reiterated a “hold” rating and set a $120.00 price target (up from $114.00) on shares of Prudential Financial in a research report on Wednesday, November 8th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $115.64.

Several institutional investors have recently bought and sold shares of PRU. APG Asset Management N.V. increased its position in shares of Prudential Financial by 171.8% in the third quarter. APG Asset Management N.V. now owns 2,704,719 shares of the financial services provider’s stock valued at $287,566,000 after buying an additional 1,709,699 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Prudential Financial by 1,997.1% in the second quarter. Janus Henderson Group PLC now owns 1,204,160 shares of the financial services provider’s stock valued at $130,218,000 after buying an additional 1,146,739 shares in the last quarter. BlackRock Inc. increased its position in shares of Prudential Financial by 2.9% in the second quarter. BlackRock Inc. now owns 33,155,309 shares of the financial services provider’s stock valued at $3,585,415,000 after buying an additional 934,352 shares in the last quarter. AJO LP increased its position in shares of Prudential Financial by 42.8% in the second quarter. AJO LP now owns 2,743,406 shares of the financial services provider’s stock valued at $296,672,000 after buying an additional 821,881 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Prudential Financial by 48.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,247,204 shares of the financial services provider’s stock valued at $243,013,000 after buying an additional 737,458 shares in the last quarter. Institutional investors and hedge funds own 64.68% of the company’s stock.

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About Prudential Financial

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.

Insider Buying and Selling by Quarter for Prudential Financial (NYSE:PRU)

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