Investors Buy Shares of Prudential Financial, Inc. (PRU) on Weakness on Insider Selling

Investors bought shares of Prudential Financial, Inc. (NYSE:PRU) on weakness during trading on Tuesday after an insider sold shares in the company. $81.44 million flowed into the stock on the tick-up and $23.48 million flowed out of the stock on the tick-down, for a money net flow of $57.96 million into the stock. Of all stocks tracked, Prudential Financial had the 11th highest net in-flow for the day. Prudential Financial traded down ($0.88) for the day and closed at $109.56Specifically, EVP Charles F. Lowrey sold 44,630 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $111.91, for a total transaction of $4,994,543.30. Following the completion of the sale, the executive vice president now directly owns 79,354 shares in the company, valued at $8,880,506.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas C. Silitch sold 44,860 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the sale, the insider now owns 27,927 shares of the company’s stock, valued at $3,121,400.79. The disclosure for this sale can be found here. Company insiders own 0.66% of the company’s stock.

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods restated a “buy” rating on shares of Prudential Financial in a report on Friday. ValuEngine cut shares of Prudential Financial from a “strong-buy” rating to a “buy” rating in a report on Friday. B. Riley restated a “buy” rating on shares of Prudential Financial in a report on Monday, November 6th. Wells Fargo & Company restated a “hold” rating and set a $120.00 target price (up from $114.00) on shares of Prudential Financial in a report on Wednesday, November 8th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $119.00 target price on shares of Prudential Financial in a report on Friday, November 3rd. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Prudential Financial currently has a consensus rating of “Buy” and a consensus target price of $115.13.

The stock has a market capitalization of $46,945.28, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 1.25 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.13 and a current ratio of 0.13.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.30. The business had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $12.24 billion. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. During the same quarter last year, the firm earned $2.66 EPS. equities analysts expect that Prudential Financial, Inc. will post 10.38 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Monday, November 27th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.72%. Prudential Financial’s payout ratio is presently 30.18%.

A number of large investors have recently bought and sold shares of PRU. APG Asset Management N.V. grew its stake in Prudential Financial by 171.8% in the 3rd quarter. APG Asset Management N.V. now owns 2,704,719 shares of the financial services provider’s stock valued at $287,566,000 after buying an additional 1,709,699 shares during the last quarter. Janus Henderson Group PLC grew its stake in Prudential Financial by 1,997.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,204,160 shares of the financial services provider’s stock valued at $130,218,000 after buying an additional 1,146,739 shares during the last quarter. BlackRock Inc. grew its stake in Prudential Financial by 2.9% in the 2nd quarter. BlackRock Inc. now owns 33,155,309 shares of the financial services provider’s stock valued at $3,585,415,000 after buying an additional 934,352 shares during the last quarter. AJO LP grew its stake in Prudential Financial by 42.8% in the 2nd quarter. AJO LP now owns 2,743,406 shares of the financial services provider’s stock valued at $296,672,000 after buying an additional 821,881 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Prudential Financial by 48.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,247,204 shares of the financial services provider’s stock valued at $243,013,000 after buying an additional 737,458 shares during the last quarter. Institutional investors and hedge funds own 64.48% of the company’s stock.

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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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