Seminole Management Co. Inc. Has $18.89 Million Position in Prudential Financial, Inc. (PRU)

Seminole Management Co. Inc. decreased its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 39.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 177,621 shares of the financial services provider’s stock after selling 116,379 shares during the quarter. Prudential Financial comprises 4.1% of Seminole Management Co. Inc.’s holdings, making the stock its 11th largest position. Seminole Management Co. Inc.’s holdings in Prudential Financial were worth $18,885,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Green Square Capital LLC lifted its position in Prudential Financial by 0.3% during the second quarter. Green Square Capital LLC now owns 2,065 shares of the financial services provider’s stock worth $223,000 after buying an additional 7 shares in the last quarter. Hudock Capital Group LLC lifted its position in Prudential Financial by 0.7% during the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after buying an additional 8 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in Prudential Financial by 0.9% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,018 shares of the financial services provider’s stock worth $218,000 after buying an additional 18 shares in the last quarter. Trust Co lifted its position in Prudential Financial by 1.0% during the first quarter. Trust Co now owns 2,024 shares of the financial services provider’s stock worth $216,000 after buying an additional 20 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its position in Prudential Financial by 1.6% during the second quarter. Capital Investment Advisors LLC now owns 2,454 shares of the financial services provider’s stock worth $265,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

In related news, insider Stephen Pelletier sold 4,133 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $112.18, for a total value of $463,639.94. Following the transaction, the insider now directly owns 10,924 shares of the company’s stock, valued at approximately $1,225,454.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas C. Silitch sold 14,897 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total value of $1,638,670.00. Following the completion of the transaction, the insider now directly owns 21,274 shares in the company, valued at $2,340,140. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

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Shares of Prudential Financial, Inc. (PRU) traded up 0.97% during midday trading on Wednesday, hitting $111.53. The stock had a trading volume of 214,907 shares. The stock has a 50-day moving average price of $107.76 and a 200-day moving average price of $107.14. The stock has a market cap of $47.62 billion, a P/E ratio of 12.45 and a beta of 1.51. Prudential Financial, Inc. has a 12-month low of $83.20 and a 12-month high of $115.26.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.61). The firm had revenue of $13.03 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. During the same period last year, the business posted $1.84 earnings per share. Equities analysts forecast that Prudential Financial, Inc. will post $10.13 earnings per share for the current year.

PRU has been the topic of a number of analyst reports. BidaskClub upgraded Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. Citigroup Inc. upgraded Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Tuesday, October 17th. Zacks Investment Research upgraded Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a research report on Tuesday, October 10th. Finally, FBR & Co upgraded Prudential Financial from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $117.00 to $100.00 in a research report on Tuesday, October 10th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $114.56.

Prudential Financial Profile

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.

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

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