Prudential Financial (NYSE:PRU) EVP Caroline Feeney Sells 6,555 Shares

Prudential Financial, Inc. (NYSE:PRU) EVP Caroline Feeney sold 6,555 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $116.28, for a total transaction of $762,215.40. Following the completion of the sale, the executive vice president owned 22,523 shares in the company, valued at approximately $2,618,974.44. This trade represents a 22.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Prudential Financial Stock Performance

Shares of NYSE PRU traded up $0.71 during mid-day trading on Monday, hitting $117.67. The company had a trading volume of 1,412,164 shares, compared to its average volume of 1,722,543. The stock has a market cap of $41.18 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 0.96 and a beta of 0.97. The firm’s 50 day simple moving average is $105.66 and its two-hundred day simple moving average is $105.39. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.16. Prudential Financial, Inc. has a 12 month low of $90.38 and a 12 month high of $123.88.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $3.58 earnings per share for the quarter. The business had revenue of $8.35 billion for the quarter. Prudential Financial had a net margin of 4.65% and a return on equity of 16.60%. As a group, equities research analysts forecast that Prudential Financial, Inc. will post 14.36 earnings per share for the current year.

Prudential Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Tuesday, November 18th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, November 18th. Prudential Financial’s dividend payout ratio is 74.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wolfe Research initiated coverage on Prudential Financial in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Prudential Financial from $117.00 to $118.00 and gave the company a “market perform” rating in a research report on Monday, November 3rd. Barclays decreased their price objective on shares of Prudential Financial from $120.00 to $117.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Prudential Financial in a research report on Monday, December 8th. Finally, Morgan Stanley increased their price target on Prudential Financial from $117.00 to $118.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Ten research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Prudential Financial presently has an average rating of “Reduce” and a consensus price target of $115.89.

Institutional Trading of Prudential Financial

Institutional investors have recently bought and sold shares of the business. Econ Financial Services Corp bought a new position in Prudential Financial in the second quarter valued at about $1,662,000. Nordea Investment Management AB increased its position in Prudential Financial by 49.2% during the 2nd quarter. Nordea Investment Management AB now owns 1,720,781 shares of the financial services provider’s stock worth $184,192,000 after purchasing an additional 567,571 shares in the last quarter. Asahi Life Asset Management CO. LTD. acquired a new stake in Prudential Financial in the second quarter valued at approximately $298,000. Brookwood Investment Group LLC acquired a new position in shares of Prudential Financial during the second quarter worth $289,000. Finally, AE Wealth Management LLC boosted its holdings in shares of Prudential Financial by 30.2% during the 2nd quarter. AE Wealth Management LLC now owns 213,795 shares of the financial services provider’s stock valued at $22,970,000 after acquiring an additional 49,550 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Company Profile

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.