Moloney Securities Asset Management LLC Has $1.73 Million Stock Position in Prudential Financial, Inc. (NYSE:PRU)

Moloney Securities Asset Management LLC grew its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 5.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,262 shares of the financial services provider’s stock after buying an additional 774 shares during the period. Moloney Securities Asset Management LLC’s holdings in Prudential Financial were worth $1,727,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of PRU. National Bank of Canada FI raised its holdings in shares of Prudential Financial by 44.9% during the first quarter. National Bank of Canada FI now owns 230,044 shares of the financial services provider’s stock valued at $27,327,000 after purchasing an additional 71,274 shares during the period. ORG Partners LLC bought a new position in Prudential Financial in the second quarter worth approximately $156,000. Russell Investments Group Ltd. grew its stake in Prudential Financial by 25.0% in the first quarter. Russell Investments Group Ltd. now owns 180,555 shares of the financial services provider’s stock valued at $21,171,000 after acquiring an additional 36,159 shares during the period. PGGM Investments increased its holdings in shares of Prudential Financial by 98.0% during the second quarter. PGGM Investments now owns 64,277 shares of the financial services provider’s stock valued at $7,533,000 after acquiring an additional 31,807 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Prudential Financial by 6.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 406,295 shares of the financial services provider’s stock worth $47,699,000 after purchasing an additional 25,196 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.

Insider Activity

In other news, major shareholder Insurance Co Of Ame Prudential bought 261,059 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were acquired at an average cost of $27.58 per share, with a total value of $7,200,007.22. Following the completion of the transaction, the insider now owns 4,208,549 shares of the company’s stock, valued at approximately $116,071,781.42. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Caroline Feeney sold 1,110 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $119.97, for a total value of $133,166.70. Following the transaction, the executive vice president now directly owns 10,175 shares of the company’s stock, valued at approximately $1,220,694.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Insurance Co Of Ame Prudential purchased 261,059 shares of the business’s stock in a transaction on Tuesday, October 8th. The shares were bought at an average cost of $27.58 per share, with a total value of $7,200,007.22. Following the acquisition, the insider now directly owns 4,208,549 shares of the company’s stock, valued at $116,071,781.42. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.

Prudential Financial Stock Performance

Shares of Prudential Financial stock opened at $120.66 on Tuesday. The stock has a market cap of $42.95 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 0.86 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.14. Prudential Financial, Inc. has a 1 year low of $89.90 and a 1 year high of $128.52. The firm’s 50-day moving average is $121.16 and its 200 day moving average is $118.49.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, beating the consensus estimate of $3.47 by $0.01. The business had revenue of $19.48 billion for the quarter, compared to the consensus estimate of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same period last year, the business posted $3.44 EPS. Sell-side analysts anticipate that Prudential Financial, Inc. will post 13.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PRU shares. Barclays increased their price target on Prudential Financial from $118.00 to $119.00 and gave the company an “equal weight” rating in a research report on Friday. Citigroup increased their target price on shares of Prudential Financial from $104.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Piper Sandler boosted their price objective on Prudential Financial from $121.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Argus upgraded Prudential Financial to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $121.00 target price on shares of Prudential Financial in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Prudential Financial currently has an average rating of “Hold” and an average price target of $123.77.

Prudential Financial 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.