Securian Asset Management Inc. Reduces Stock Holdings in Prudential Financial, Inc. $PRU

Securian Asset Management Inc. lessened its stake in Prudential Financial, Inc. (NYSE:PRU) by 44.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,517 shares of the financial services provider’s stock after selling 7,477 shares during the quarter. Securian Asset Management Inc.’s holdings in Prudential Financial were worth $1,074,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PRU. Salomon & Ludwin LLC lifted its position in shares of Prudential Financial by 98.3% during the fourth quarter. Salomon & Ludwin LLC now owns 230 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 114 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in Prudential Financial during the 4th quarter worth $28,000. Coston McIsaac & Partners lifted 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 buying an additional 128 shares in the last quarter. Wealth Watch Advisors INC purchased a new position in Prudential Financial in the 3rd quarter valued at about $30,000. Finally, Dunhill Financial LLC grew its stake in shares of Prudential Financial by 982.8% during the fourth quarter. Dunhill Financial LLC now owns 314 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PRU. UBS Group dropped their target price on Prudential Financial from $105.00 to $98.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Barclays raised their price objective on Prudential Financial from $89.00 to $90.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Jefferies Financial Group lowered Prudential Financial from a “buy” rating to a “hold” rating and cut their target price for the company from $124.00 to $98.00 in a research report on Wednesday, April 22nd. Piper Sandler increased their target price on Prudential Financial from $99.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday. Finally, BMO Capital Markets dropped their price target on shares of Prudential Financial from $91.00 to $87.00 and set an “underperform” rating for the company in a research note on Thursday, April 23rd. Nine analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, Prudential Financial currently has an average rating of “Reduce” and an average target price of $101.00.

Prudential Financial News Summary

Here are the key news stories impacting Prudential Financial this week:

• Positive Sentiment: Prudential Financial declared a quarterly dividend of $1.40 per share, signaling ongoing cash generation and supporting the stock’s income appeal. Prudential Financial Declares Quarterly Dividend on Common Stock
• Positive Sentiment: Piper Sandler raised its price target on PRU to $105 from $99, suggesting modest upside and reinforcing a neutral-to-positive view of the shares. Prudential Financial (NYSE:PRU) Price Target Raised to $105.00 at Piper Sandler
• Neutral Sentiment: Wells Fargo also increased its target to $100 from $93, but kept an underweight rating, limiting the bullish takeaway. Wells Fargo price target update
• Neutral Sentiment: Prudential’s annual Benefits & Beyond study highlighted rising medical costs and financial stress among employees, which is more of an industry/consumer trend update than a direct earnings driver. Employees Face Difficult Trade-offs Amid Rising Costs

Insider Activity

In other Prudential Financial news, Director Thomas D. Stoddard purchased 250 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was acquired at an average cost of $102.97 per share, with a total value of $25,742.50. Following the acquisition, the director owned 250 shares of the company’s stock, valued at approximately $25,742.50. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.05% of the company’s stock.

Prudential Financial Trading Up 1.5%

NYSE:PRU opened at $102.59 on Wednesday. The company has a market cap of $35.60 billion, a PE ratio of 10.55, a P/E/G ratio of 1.83 and a beta of 0.86. The business’s 50 day moving average is $96.93 and its two-hundred day moving average is $104.56. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. Prudential Financial, Inc. has a 52 week low of $91.89 and a 52 week high of $119.76.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.52. Prudential Financial had a return on equity of 16.33% and a net margin of 5.83%.The business had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $14.10 billion. During the same period in the previous year, the business earned $3.29 EPS. On average, analysts predict that Prudential Financial, Inc. will post 13.72 EPS for the current year.

Prudential Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, May 26th. Prudential Financial’s dividend payout ratio is 57.61%.

Prudential Financial Company 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.