Prudential Financial, Inc. (NYSE:PRU) Shares Acquired by Unison Advisors LLC

Unison Advisors LLC lifted its stake in shares of Prudential Financial, Inc. (NYSE:PRUFree Report) by 1.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,238 shares of the financial services provider’s stock after buying an additional 585 shares during the quarter. Unison Advisors LLC’s holdings in Prudential Financial were worth $3,902,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PRU. Vanguard Group Inc. boosted its holdings in Prudential Financial by 13.9% in the fourth quarter. Vanguard Group Inc. now owns 42,292,853 shares of the financial services provider’s stock valued at $4,386,192,000 after purchasing an additional 5,154,865 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Prudential Financial by 9,281.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,368,839 shares of the financial services provider’s stock valued at $141,962,000 after acquiring an additional 1,354,248 shares during the period. Norges Bank acquired a new stake in shares of Prudential Financial in the fourth quarter valued at approximately $113,478,000. Dimensional Fund Advisors LP boosted its holdings in shares of Prudential Financial by 10.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,000,665 shares of the financial services provider’s stock valued at $414,926,000 after acquiring an additional 388,363 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of Prudential Financial in the third quarter valued at approximately $34,251,000. 56.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Prudential Financial

In other news, major shareholder Insurance Co Of Ame Prudential bought 652,884 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was bought at an average price of $27.57 per share, for a total transaction of $18,000,011.88. Following the transaction, the insider now owns 3,883,390 shares in the company, valued at $107,065,062.30. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Insurance Co Of Ame Prudential acquired 652,884 shares of Prudential Financial stock in a transaction that occurred on Thursday, June 20th. The stock was acquired at an average price of $27.57 per share, for a total transaction of $18,000,011.88. Following the transaction, the insider now directly owns 3,883,390 shares of the company’s stock, valued at approximately $107,065,062.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Timothy L. Schmidt sold 5,189 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $116.58, for a total value of $604,933.62. Following the transaction, the senior vice president now owns 12,236 shares of the company’s stock, valued at approximately $1,426,472.88. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Prudential Financial Trading Down 0.2 %

NYSE:PRU traded down $0.23 during mid-day trading on Tuesday, reaching $118.93. The company’s stock had a trading volume of 41,356 shares, compared to its average volume of 1,476,115. The company’s fifty day simple moving average is $115.65 and its two-hundred day simple moving average is $110.52. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.13 and a quick ratio of 0.13. Prudential Financial, Inc. has a twelve month low of $84.02 and a twelve month high of $121.39. The stock has a market cap of $42.70 billion, a P/E ratio of 20.27, a P/E/G ratio of 0.88 and a beta of 1.35.

Prudential Financial (NYSE:PRUGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.04). Prudential Financial had a return on equity of 15.50% and a net margin of 3.76%. The business had revenue of $15.01 billion during the quarter, compared to analyst estimates of $14.50 billion. During the same period in the previous year, the business posted $2.66 earnings per share. The firm’s quarterly revenue was up 69.9% on a year-over-year basis. On average, equities analysts predict that Prudential Financial, Inc. will post 13.41 EPS for the current year.

Prudential Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Tuesday, May 21st were given a $1.30 dividend. The ex-dividend date was Monday, May 20th. This represents a $5.20 annualized dividend and a dividend yield of 4.37%. Prudential Financial’s payout ratio is 88.44%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price objective on Prudential Financial from $109.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Jefferies Financial Group upgraded Prudential Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $121.00 to $143.00 in a research note on Wednesday, May 22nd. Evercore ISI upped their price target on Prudential Financial from $115.00 to $116.00 and gave the stock an “underperform” rating in a research note on Thursday, April 25th. Keefe, Bruyette & Woods upped their price target on Prudential Financial from $112.00 to $118.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Finally, Piper Sandler cut their price target on Prudential Financial from $125.00 to $121.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $115.25.

Read Our Latest Stock Analysis on Prudential Financial

About Prudential Financial

(Free Report)

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.

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

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