Prudential Financial (NYSE:PRU) Receives Market Perform Rating from Keefe, Bruyette & Woods

Prudential Financial (NYSE:PRU)‘s stock had its “market perform” rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $121.00 price objective on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 5.00% from the stock’s previous close.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Prudential Financial from $118.00 to $128.00 and gave the company a “neutral” rating in a report on Tuesday, July 2nd. Citigroup increased their price target on Prudential Financial from $104.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Evercore ISI boosted their price objective on Prudential Financial from $115.00 to $116.00 and gave the company an “underperform” rating in a report on Thursday, April 25th. Morgan Stanley dropped their target price on Prudential Financial from $123.00 to $122.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Piper Sandler decreased their price target on Prudential Financial from $125.00 to $121.00 and set a “neutral” rating for the company in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $119.33.

Prudential Financial Trading Up 0.8 %

Prudential Financial stock opened at $115.24 on Wednesday. The stock has a 50-day moving average price of $117.71 and a 200 day moving average price of $114.69. The company has a market capitalization of $41.14 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. Prudential Financial has a 52 week low of $87.95 and a 52 week high of $128.52. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.65.

Insider Transactions at Prudential Financial

In related news, EVP Ann M. Kappler sold 2,839 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $113.43, for a total value of $322,027.77. Following the transaction, the executive vice president now directly owns 14,535 shares of the company’s stock, valued at approximately $1,648,705.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential bought 652,884 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was acquired at an average price of $27.57 per share, with a total value of $18,000,011.88. Following the completion of the acquisition, the insider now directly owns 3,883,390 shares of the company’s stock, valued at $107,065,062.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ann M. Kappler sold 2,839 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $113.43, for a total transaction of $322,027.77. Following the completion of the transaction, the executive vice president now directly owns 14,535 shares in the company, valued at $1,648,705.05. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

Institutional Trading of Prudential Financial

A number of hedge funds have recently bought and sold shares of PRU. Creekmur Asset Management LLC increased its holdings in shares of Prudential Financial by 78.8% in the first quarter. Creekmur Asset Management LLC now owns 245 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 108 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of Prudential Financial in the 2nd quarter worth $29,000. Strategic Financial Concepts LLC boosted its position in shares of Prudential Financial by 1,312.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 26,934 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 25,027 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Prudential Financial in the first quarter valued at about $33,000. Finally, ESL Trust Services LLC acquired a new stake in Prudential Financial during the first quarter worth about $34,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

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.