Viking Fund Management LLC boosted its position in Prudential Financial Inc (NYSE:PRU) by 26.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,000 shares of the financial services provider’s stock after purchasing an additional 7,000 shares during the period. Viking Fund Management LLC’s holdings in Prudential Financial were worth $3,032,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PRU. Norway Savings Bank increased its stake in shares of Prudential Financial by 13.6% during the 4th quarter. Norway Savings Bank now owns 958 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 115 shares in the last quarter. Van ECK Associates Corp grew its stake in Prudential Financial by 2.0% in the 4th quarter. Van ECK Associates Corp now owns 6,223 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 120 shares during the period. Garland Capital Management Inc. grew its stake in Prudential Financial by 0.3% in the 4th quarter. Garland Capital Management Inc. now owns 48,625 shares of the financial services provider’s stock worth $3,965,000 after acquiring an additional 125 shares during the period. Stratos Wealth Partners LTD. grew its stake in Prudential Financial by 2.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 7,096 shares of the financial services provider’s stock worth $579,000 after acquiring an additional 137 shares during the period. Finally, Kaizen Advisory LLC grew its stake in Prudential Financial by 13.7% in the 4th quarter. Kaizen Advisory LLC now owns 1,147 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 138 shares during the period. Hedge funds and other institutional investors own 65.57% of the company’s stock.

In related news, EVP Stephen Pelletier sold 6,532 shares of Prudential Financial stock in a transaction on Friday, February 15th. The shares were sold at an average price of $94.14, for a total transaction of $614,922.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nicholas C. Silitch sold 13,000 shares of Prudential Financial stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $95.25, for a total transaction of $1,238,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,538 shares of company stock worth $4,298,777 in the last 90 days. Company insiders own 0.76% of the company’s stock.

PRU has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $113.00 target price on shares of Prudential Financial in a research note on Wednesday, January 9th. Evercore ISI raised shares of Prudential Financial from an “in-line” rating to an “outperform” rating and set a $85.50 target price for the company in a research note on Wednesday, January 9th. Zacks Investment Research cut shares of Prudential Financial from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Wells Fargo & Co initiated coverage on shares of Prudential Financial in a report on Tuesday, January 8th. They issued an “outperform” rating and a $105.00 price target on the stock. Finally, UBS Group lifted their price target on shares of Prudential Financial from $108.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $112.21.

Shares of PRU traded down $0.16 during mid-day trading on Monday, reaching $101.30. The company had a trading volume of 77,147 shares, compared to its average volume of 2,244,839. The firm has a market cap of $41.43 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. Prudential Financial Inc has a fifty-two week low of $75.61 and a fifty-two week high of $108.92. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.35.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, February 6th. The financial services provider reported $2.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by ($0.44). The business had revenue of $17.78 billion for the quarter, compared to analyst estimates of $14.03 billion. Prudential Financial had a net margin of 7.01% and a return on equity of 10.20%. During the same quarter in the previous year, the firm posted $2.69 EPS. As a group, equities research analysts anticipate that Prudential Financial Inc will post 12.67 earnings per share for the current year.

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Prudential Financial Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.

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

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