Prudential Financial, Inc. $PRU Stock Position Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its position in Prudential Financial, Inc. (NYSE:PRU) by 5.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 766,506 shares of the financial services provider’s stock after selling 42,280 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Prudential Financial were worth $74,880,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. lifted its stake in Prudential Financial by 2.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 111,228 shares of the financial services provider’s stock valued at $10,799,000 after acquiring an additional 2,393 shares during the last quarter. Seelaus Asset Management LLC increased its stake in shares of Prudential Financial by 5.4% during the 1st quarter. Seelaus Asset Management LLC now owns 7,586 shares of the financial services provider’s stock worth $741,000 after purchasing an additional 392 shares during the last quarter. Burney Co. raised its holdings in shares of Prudential Financial by 83.8% during the 1st quarter. Burney Co. now owns 25,166 shares of the financial services provider’s stock valued at $2,458,000 after purchasing an additional 11,472 shares in the last quarter. Unison Advisors LLC lifted its stake in shares of Prudential Financial by 1.1% in the 1st quarter. Unison Advisors LLC now owns 36,551 shares of the financial services provider’s stock valued at $3,571,000 after purchasing an additional 414 shares during the last quarter. Finally, Abel Hall LLC bought a new stake in Prudential Financial in the first quarter worth $319,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

Prudential Financial Stock Performance

Prudential Financial stock traded up $0.43 on Friday, reaching $115.43. 1,310,500 shares of the stock were exchanged, compared to its average volume of 1,756,589. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.58. Prudential Financial, Inc. has a twelve month low of $91.89 and a twelve month high of $119.76. The firm has a fifty day moving average price of $105.58 and a two-hundred day moving average price of $104.10. The stock has a market cap of $40.06 billion, a PE ratio of 11.88, a PEG ratio of 2.10 and a beta of 0.85.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $3.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.52. The company had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $14.10 billion. Prudential Financial had a return on equity of 16.33% and a net margin of 5.83%.During the same period last year, the business posted $3.29 earnings per share. Sell-side analysts anticipate that Prudential Financial, Inc. will post 13.82 EPS for the current year.

Prudential Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Tuesday, May 26th were issued a $1.40 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $5.60 dividend on an annualized basis and a yield of 4.9%. Prudential Financial’s dividend payout ratio (DPR) is 57.61%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PRU shares. Morgan Stanley reissued an “underweight” rating and set a $92.00 target price (down from $106.00) on shares of Prudential Financial in a research report on Monday, May 4th. Jefferies Financial Group upped their price target on Prudential Financial from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Friday. Weiss Ratings raised Prudential Financial from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Barclays raised their price objective on Prudential Financial from $90.00 to $92.00 and gave the company an “underweight” rating in a research note on Tuesday, July 7th. Finally, Argus lowered Prudential Financial from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Eleven equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $104.00.

Key Headlines Impacting Prudential Financial

Here are the key news stories impacting Prudential Financial this week:

• Positive Sentiment: Prudential was included in articles highlighting solid dividend stocks and momentum names, which can attract income and value investors looking for stable cash flows and defensive characteristics.
• Positive Sentiment: Mizuho raised its price target on Prudential Financial to $109 from $101, showing improved valuation expectations even though the firm kept a neutral stance.
• Positive Sentiment: Wells Fargo raised its price target to $103 from $100, signaling some confidence in Prudential’s outlook despite maintaining an underweight rating.
• Neutral Sentiment: Prudential announced it will report second-quarter 2026 earnings on August 4 and hold its strategy call on August 5, keeping investors focused on the upcoming results and management commentary. Prudential Financial, Inc. to Announce Second Quarter 2026 Earnings; Schedules Earnings and Strategy Call
• Neutral Sentiment: Jefferies lifted its target to $110 from $105 but kept a hold rating, reinforcing the view that the stock looks fairly valued after its recent run.
• Negative Sentiment: Several broker notes still imply downside from the current share price, including Wells Fargo, Mizuho, and Jefferies, which may temper further near-term gains.
• Negative Sentiment: Consensus coverage referenced in recent reports remains cautious, with analysts described as having a “reduce” recommendation on PRU, pointing to a generally lukewarm outlook.

Prudential Financial Company Profile

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.