World Investment Advisors LLC Buys 127 Shares of Prudential Financial, Inc. (NYSE:PRU)

World Investment Advisors LLC boosted its position in Prudential Financial, Inc. (NYSE:PRU) by 4.8% during the third quarter, Holdings Channel reports. The fund owned 2,792 shares of the financial services provider’s stock after acquiring an additional 127 shares during the period. World Investment Advisors LLC’s holdings in Prudential Financial were worth $338,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Prudential Financial during the 3rd quarter valued at about $31,000. Strategic Financial Concepts LLC boosted its stake in Prudential Financial by 1,312.4% in the second quarter. Strategic Financial Concepts LLC now owns 26,934 shares of the financial services provider’s stock worth $32,000 after buying an additional 25,027 shares in the last quarter. Quarry LP raised its stake in shares of Prudential Financial by 376.3% during the third quarter. Quarry LP now owns 281 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 222 shares in the last quarter. Tompkins Financial Corp lifted its holdings in shares of Prudential Financial by 61.7% in the 3rd quarter. Tompkins Financial Corp now owns 367 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 140 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its stake in shares of Prudential Financial by 235.4% in the 3rd quarter. GHP Investment Advisors Inc. now owns 379 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 56.83% of the company’s stock.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential bought 537,249 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was acquired at an average price of $27.92 per share, with a total value of $14,999,992.08. Following the completion of the purchase, the insider now owns 4,780,293 shares of the company’s stock, valued at approximately $133,465,780.56. This trade represents a 12.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.

Prudential Financial Stock Down 3.6 %

Shares of Prudential Financial stock opened at $114.59 on Thursday. The company’s fifty day simple moving average is $124.80 and its two-hundred day simple moving average is $120.45. Prudential Financial, Inc. has a 12-month low of $100.60 and a 12-month high of $130.55. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.60. The company has a market cap of $40.79 billion, a P/E ratio of 10.19, a PEG ratio of 0.87 and a beta of 1.29.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, topping the consensus estimate of $3.47 by $0.01. Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. The business had revenue of $19.48 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period last year, the business posted $3.44 earnings per share. Research analysts anticipate that Prudential Financial, Inc. will post 13.35 EPS for the current year.

Prudential Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 19th were paid a $1.30 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $5.20 annualized dividend and a yield of 4.54%. Prudential Financial’s payout ratio is 46.22%.

Analyst Ratings Changes

Several analysts have weighed in on PRU shares. Evercore ISI raised shares of Prudential Financial from an “underperform” rating to an “inline” rating and boosted their price target for the stock from $117.00 to $140.00 in a research note on Thursday, November 14th. Piper Sandler boosted their target price on Prudential Financial from $121.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $121.00 price target on shares of Prudential Financial in a research report on Wednesday, August 21st. Barclays boosted their price objective on Prudential Financial from $118.00 to $119.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, TD Cowen raised their target price on shares of Prudential Financial from $130.00 to $133.00 and gave the stock a “hold” rating in a report on Wednesday, November 27th. Eleven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Prudential Financial has a consensus rating of “Hold” and an average target price of $126.33.

Prudential Financial Company Profile

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.