Dai Ichi Life Insurance Company Ltd boosted its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 32.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,675 shares of the financial services provider’s stock after purchasing an additional 37,476 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Prudential Financial were worth $16,445,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Green Square Capital LLC boosted its position in Prudential Financial by 0.3% during the 2nd quarter. Green Square Capital LLC now owns 2,065 shares of the financial services provider’s stock worth $223,000 after acquiring an additional 7 shares during the period. Hudock Capital Group LLC boosted its position in Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 8 shares during the period. Accurate Investment Solutions Inc. boosted its position in Prudential Financial by 2.3% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 38 shares during the period. Parkwood LLC boosted its position in Prudential Financial by 1.6% during the 2nd quarter. Parkwood LLC now owns 3,041 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 48 shares during the period. Finally, Connecticut Wealth Management LLC boosted its position in Prudential Financial by 1.8% during the 2nd quarter. Connecticut Wealth Management LLC now owns 3,182 shares of the financial services provider’s stock worth $354,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 64.07% of the company’s stock.

A number of research analysts have issued reports on PRU shares. Citigroup Inc. upgraded Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Tuesday, October 17th. Morgan Stanley boosted their price target on Prudential Financial from $118.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Royal Bank Of Canada reiterated a “hold” rating and set a $119.00 price target on shares of Prudential Financial in a research report on Friday, November 3rd. Wells Fargo & Company reiterated a “hold” rating on shares of Prudential Financial in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $115.64.

Prudential Financial, Inc. (NYSE PRU) traded down $0.78 on Monday, hitting $108.92. The stock had a trading volume of 575,600 shares, compared to its average volume of 1,842,636. Prudential Financial, Inc. has a 12 month low of $97.88 and a 12 month high of $115.26. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.34. The company has a market cap of $46,880.00, a P/E ratio of 10.52, a PEG ratio of 1.23 and a beta of 1.56.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders 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 dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, November 24th. Prudential Financial’s dividend payout ratio is presently 30.24%.

In other news, insider Nicholas C. Silitch sold 44,860 shares of the business’s stock in a transaction 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 directly owns 27,927 shares of the company’s stock, valued at $3,121,400.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles F. Lowrey sold 44,630 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $111.91, for a total value of $4,994,543.30. Following the sale, the executive vice president now directly owns 79,354 shares in the company, 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.

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

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