TRUE Private Wealth Advisors acquired a new position in shares of Prudential Financial Inc (NYSE:PRU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,682 shares of the financial services provider’s stock, valued at approximately $308,000.

Other hedge funds have also recently bought and sold shares of the company. Douglas Lane & Associates LLC boosted its position in shares of Prudential Financial by 3.1% during the third quarter. Douglas Lane & Associates LLC now owns 647,412 shares of the financial services provider’s stock worth $68,833,000 after buying an additional 19,238 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Prudential Financial by 5.0% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 42,113 shares of the financial services provider’s stock worth $4,477,000 after buying an additional 1,990 shares during the period. APG Asset Management N.V. boosted its position in shares of Prudential Financial by 171.8% during the third quarter. APG Asset Management N.V. now owns 2,704,719 shares of the financial services provider’s stock worth $287,566,000 after buying an additional 1,709,699 shares during the period. Bank of Nova Scotia boosted its position in shares of Prudential Financial by 253.2% during the second quarter. Bank of Nova Scotia now owns 347,743 shares of the financial services provider’s stock worth $37,605,000 after buying an additional 249,277 shares during the period. Finally, Boston Advisors LLC boosted its position in shares of Prudential Financial by 0.8% during the third quarter. Boston Advisors LLC now owns 149,937 shares of the financial services provider’s stock worth $15,941,000 after buying an additional 1,195 shares during the period. 64.50% of the stock is owned by institutional investors.

In related news, insider Nicholas C. Silitch sold 44,860 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the completion of the transaction, the insider now directly owns 27,927 shares of the company’s stock, valued at $3,121,400.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles F. Lowrey sold 44,630 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were 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 of the company’s stock, valued at $8,880,506.14. The disclosure for this sale can be found here. Insiders have sold 116,818 shares of company stock valued at $13,154,122 over the last three months. Insiders own 0.66% of the company’s stock.

Several research analysts have recently weighed in on PRU shares. Zacks Investment Research raised Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Tuesday, October 10th. Citigroup raised Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Tuesday, October 17th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Prudential Financial in a research report on Friday, November 10th. Wells Fargo & Co set a $122.00 price objective on Prudential Financial and gave the stock a “hold” rating in a research report on Thursday, December 14th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $119.00 price objective on shares of Prudential Financial in a research report on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Prudential Financial has an average rating of “Buy” and a consensus target price of $119.35.

Prudential Financial Inc (NYSE PRU) opened at $124.13 on Friday. Prudential Financial Inc has a 52-week low of $97.88 and a 52-week high of $125.00. 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 company has a market capitalization of $53,420.00, a P/E ratio of 12.51, a P/E/G ratio of 1.26 and a beta of 1.55.

Prudential Financial (NYSE:PRU) last issued its quarterly 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 return on equity of 9.51% and a net margin of 7.71%. The firm had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $12.24 billion. During the same period in the prior year, the firm posted $2.66 earnings per share. equities analysts predict that Prudential Financial Inc will post 10.49 EPS for the current fiscal year.

Prudential Financial announced that its board has initiated a share buyback plan on Thursday, December 14th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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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.

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

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