Media stories about Prudential Financial (NYSE:PRU) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Prudential Financial earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 45.8468778529808 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Big insurers welcome regulators’ rethink of sector risks (finance.yahoo.com)
- AmTrust Financial's Exposure to Cat Loss Raises Concern (finance.yahoo.com)
- Prudential (PRU) and Units’ Ratings Retained by Moody’s (finance.yahoo.com)
- Prudential Financial Declares Quarterly Dividend on Common Stock (finance.yahoo.com)
- Analyzing Prudential Financial (PRU) & Manulife Financial Corp (MFC) (americanbankingnews.com)
A number of research firms recently issued reports on PRU. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. Wells Fargo & Company restated a “hold” rating and issued a $120.00 price objective (up previously from $114.00) on shares of Prudential Financial in a report on Wednesday, November 8th. B. Riley restated a “buy” rating on shares of Prudential Financial in a report on Monday, November 6th. ValuEngine cut shares of Prudential Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Finally, BidaskClub cut shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $115.64.
Shares of Prudential Financial (NYSE PRU) traded down $0.23 during trading hours on Tuesday, hitting $110.02. 1,662,200 shares of the company’s stock were exchanged, compared to its average volume of 1,853,475. Prudential Financial has a 1-year low of $97.88 and a 1-year high of $115.26. The stock has a market cap of $47,450.00, a PE ratio of 10.65, a P/E/G ratio of 1.25 and a beta of 1.56. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.34.
Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.30. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. The firm had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $12.24 billion. During the same period in the previous year, the company earned $2.66 EPS. equities research analysts forecast that Prudential Financial will post 10.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Monday, November 27th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, November 24th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.73%. Prudential Financial’s dividend payout ratio is presently 30.24%.
In related news, insider Nicholas C. Silitch sold 44,860 shares of Prudential Financial stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the completion of the transaction, the insider now directly owns 27,927 shares of the company’s stock, valued at approximately $3,121,400.79. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Charles F. Lowrey sold 44,630 shares of Prudential Financial stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $111.91, for a total transaction of $4,994,543.30. Following the transaction, the executive vice president now directly owns 79,354 shares of the company’s stock, valued at $8,880,506.14. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.
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Prudential Financial Company 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.
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