News stories about Prudential Financial (NYSE:PRU) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Prudential Financial earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.3530920486336 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Insider Selling: Prudential Financial, Inc. (PRU) Insider Sells 4,133 Shares of Stock (americanbankingnews.com)
- Prudential Financial, Inc. (PRU) Forecasted to Post FY2017 Earnings of $10.15 Per Share (americanbankingnews.com)
- Prudential Financial Declares Quarterly Dividend on Common Stock – Business Wire (press release) (businesswire.com)
- Prudential Financial, Inc. Announces Quarterly Dividend of $0.75 (NYSE:PRU) (americanbankingnews.com)
- Langen Mcalenn Research Analysts Boost Earnings Estimates for Prudential Financial, Inc. (PRU) (americanbankingnews.com)
Shares of Prudential Financial (NYSE:PRU) traded down 1.38% on Wednesday, hitting $109.94. 2,242,410 shares of the stock traded hands. The stock has a market cap of $47.27 billion, a P/E ratio of 12.04 and a beta of 1.50. Prudential Financial has a 52-week low of $74.85 and a 52-week high of $115.26. The stock’s 50 day moving average price is $110.05 and its 200 day moving average price is $107.97.
Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share for the quarter, missing analysts’ consensus estimates of $2.70 by $0.61. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The firm had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the prior year, the business posted $1.84 earnings per share. On average, equities analysts expect that Prudential Financial will post $10.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Tuesday, August 22nd will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Friday, August 18th. Prudential Financial’s dividend payout ratio is currently 33.63%.
Several equities research analysts recently commented on PRU shares. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Tuesday, April 18th. Credit Suisse Group reissued a “hold” rating and set a $121.00 price objective on shares of Prudential Financial in a research note on Thursday, April 27th. ValuEngine raised shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $111.21.
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In related news, insider Stephen Pelletier sold 4,133 shares of Prudential Financial stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $112.18, for a total value of $463,639.94. Following the completion of the sale, the insider now directly owns 10,924 shares in the company, valued at approximately $1,225,454.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John R. Strangfeld, Jr. sold 201,585 shares of Prudential Financial stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $110.00, for a total transaction of $22,174,350.00. Following the completion of the sale, the chairman now owns 456,121 shares of the company’s stock, valued at $50,173,310. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.
About Prudential Financial
Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.
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