Hussman Strategic Advisors Inc. lifted its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,500 shares of the financial services provider’s stock after buying an additional 500 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Prudential Financial were worth $2,711,000 at the end of the most recent quarter.

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

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

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A number of brokerages recently commented on PRU. BidaskClub downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Morgan Stanley raised their price objective on shares of Prudential Financial from $123.00 to $124.00 and gave the company an “equal weight” rating in a research report on Thursday. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. Goldman Sachs Group, Inc. (The) began coverage on shares of Prudential Financial in a research report on Wednesday, October 18th. They set a “neutral” rating and a $114.00 price target for the company. Finally, FBR & Co upgraded shares of Prudential Financial from a “neutral” rating to a “buy” rating and reduced their price target for the company from $117.00 to $100.00 in a research report on Tuesday, October 10th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $114.64.

Prudential Financial (NYSE:PRU) last released its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, beating the consensus estimate of $2.71 by $0.30. Prudential Financial had a net margin of 7.71% and a return on equity of 9.68%. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $12.24 billion. During the same period in the prior year, the business earned $2.66 earnings per share.

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.

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

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