Prudential Financial, Inc. (NYSE:PRU) insider Stephen Pelletier sold 4,133 shares of the business’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 transaction of $463,639.94. Following the completion of the transaction, the insider now owns 10,924 shares of the company’s stock, valued at $1,225,454.32. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Prudential Financial, Inc. (NYSE:PRU) traded down 1.38% during midday trading on Wednesday, hitting $109.94. 2,240,710 shares of the company traded hands. The stock has a 50 day moving average of $110.05 and a 200-day moving average of $107.97. The stock has a market capitalization of $47.27 billion, a PE ratio of 12.04 and a beta of 1.50. Prudential Financial, Inc. has a 52 week low of $74.85 and a 52 week high of $115.26.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by $0.61. The business had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. During the same period last year, the company earned $1.84 EPS. Equities analysts forecast that Prudential Financial, Inc. will post $10.30 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Tuesday, August 22nd will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.73%. Prudential Financial’s dividend payout ratio (DPR) is presently 33.63%.

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Several equities analysts have recently commented on PRU shares. Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research report on Tuesday, April 18th. Credit Suisse Group restated a “hold” rating and issued a $121.00 target price on shares of Prudential Financial in a research report on Thursday, April 27th. ValuEngine upgraded shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $113.00 target price on shares of Prudential Financial in a research report on Tuesday, June 27th. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Prudential Financial presently has an average rating of “Buy” and an average target price of $111.21.

Institutional investors have recently made changes to their positions in the stock. Adirondack Trust Co. increased its position in shares of Prudential Financial by 7.6% in the first quarter. Adirondack Trust Co. now owns 1,133 shares of the financial services provider’s stock valued at $121,000 after buying an additional 80 shares during the period. Hudock Capital Group LLC increased its position in shares of 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 buying an additional 8 shares during the period. Quadrant Capital Group LLC increased its position in shares of Prudential Financial by 11.1% in the first quarter. Quadrant Capital Group LLC now owns 1,376 shares of the financial services provider’s stock valued at $139,000 after buying an additional 137 shares during the period. First Personal Financial Services increased its position in shares of Prudential Financial by 3.4% in the first quarter. First Personal Financial Services now owns 1,407 shares of the financial services provider’s stock valued at $150,000 after buying an additional 46 shares during the period. Finally, Guardian Life Insurance Co. of America increased its position in shares of Prudential Financial by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock valued at $177,000 after buying an additional 5 shares during the period. 63.51% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Prudential Financial (NYSE:PRU)

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