HighPoint Advisor Group LLC decreased its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 73.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,006 shares of the financial services provider’s stock after selling 19,222 shares during the period. HighPoint Advisor Group LLC’s holdings in Prudential Financial were worth $791,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its position in Prudential Financial by 25.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 21,649 shares of the financial services provider’s stock worth $2,341,000 after purchasing an additional 4,372 shares during the period. Douglas Lane & Associates LLC increased its position in Prudential Financial by 3.1% during the 3rd quarter. Douglas Lane & Associates LLC now owns 647,412 shares of the financial services provider’s stock worth $68,833,000 after purchasing an additional 19,238 shares during the period. Seizert Capital Partners LLC increased its position in Prudential Financial by 2.2% during the 2nd quarter. Seizert Capital Partners LLC now owns 114,414 shares of the financial services provider’s stock worth $12,373,000 after purchasing an additional 2,421 shares during the period. APG Asset Management N.V. increased its position in Prudential Financial by 171.8% during the 3rd quarter. APG Asset Management N.V. now owns 2,704,719 shares of the financial services provider’s stock worth $287,566,000 after purchasing an additional 1,709,699 shares during the period. Finally, Pacer Advisors Inc. increased its position in Prudential Financial by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 9,822 shares of the financial services provider’s stock worth $1,062,000 after purchasing an additional 754 shares during the period. Institutional investors own 64.48% of the company’s stock.

Several research firms have issued reports on PRU. BidaskClub cut Prudential Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Morgan Stanley boosted their target price on Prudential Financial from $123.00 to $124.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 2nd. B. Riley reiterated a “buy” rating on shares of Prudential Financial in a research report on Monday, November 6th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. Finally, ValuEngine cut Prudential Financial from a “strong-buy” rating to a “buy” rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $115.13.

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Prudential Financial, Inc. (PRU) traded down $0.28 during mid-day trading on Tuesday, reaching $110.44. The company had a trading volume of 1,614,400 shares, compared to its average volume of 1,856,644. Prudential Financial, Inc. has a 12-month low of $95.95 and a 12-month high of $115.26. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.34. The stock has a market cap of $46,945.28, a price-to-earnings ratio of 10.70, a P/E/G ratio of 1.25 and a beta of 1.56.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.30. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. The firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $12.24 billion. During the same quarter in the prior year, the company earned $2.66 EPS. analysts anticipate that Prudential Financial, Inc. will post 10.38 EPS for the current year.

In related news, insider Nicholas C. Silitch sold 44,860 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $111.77, for a total value of $5,014,002.20. Following the sale, the insider now 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 this link. Also, EVP Charles F. Lowrey sold 44,630 shares of the 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 transaction, the executive vice president now directly owns 79,354 shares in the company, valued at approximately $8,880,506.14. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.

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.

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

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