Prudential Financial Inc. (NYSE:PRU) gapped up before the market opened on Monday . The stock had previously closed at $75.12, but opened at $75.52. Prudential Financial shares last traded at $76.84, with a volume of 901,180 shares trading hands.

A number of equities research analysts have weighed in on the stock. Evercore ISI assumed coverage on shares of Prudential Financial in a research report on Wednesday, July 6th. They set a “hold” rating and a $78.00 price target for the company. Zacks Investment Research upgraded shares of Prudential Financial from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Vetr upgraded shares of Prudential Financial from a “buy” rating to a “strong-buy” rating and set a $87.00 price target for the company in a research report on Monday, May 2nd. Citigroup Inc. dropped their price target on shares of Prudential Financial from $83.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. Finally, FBR & Co lifted their price target on shares of Prudential Financial from $80.00 to $86.00 and gave the company an “outperform” rating in a research report on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $88.47.

The company’s 50 day moving average is $73.81 and its 200-day moving average is $73.18. The firm has a market capitalization of $33.52 billion and a PE ratio of 7.88.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.51 by $0.67. During the same quarter in the previous year, the firm posted $2.91 EPS. Analysts forecast that Prudential Financial Inc. will post $8.91 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Tuesday, August 23rd will be issued a $0.70 dividend. The ex-dividend date is Friday, August 19th. This represents a $2.80 annualized dividend and a yield of 3.65%.

In related news, CFO Robert Falzon sold 33,820 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $77.13, for a total value of $2,608,536.60. Following the transaction, the chief financial officer now owns 70,264 shares in the company, valued at $5,419,462.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Pelletier sold 4,470 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $76.36, for a total transaction of $341,329.20. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have bought and sold shares of the stock. Advisors Asset Management Inc. raised its position in Prudential Financial by 14.4% in the fourth quarter. Advisors Asset Management Inc. now owns 14,176 shares of the company’s stock valued at $1,154,000 after buying an additional 1,781 shares during the last quarter. Oarsman Capital Inc. increased its stake in shares of Prudential Financial by 14.8% in the fourth quarter. Oarsman Capital Inc. now owns 19,486 shares of the company’s stock valued at $1,586,000 after buying an additional 2,512 shares during the period. Alpine Woods Capital Investors LLC increased its stake in shares of Prudential Financial by 32.1% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 24,300 shares of the company’s stock valued at $1,978,000 after buying an additional 5,900 shares during the period. Schroder Investment Management Group increased its stake in shares of Prudential Financial by 82.9% in the fourth quarter. Schroder Investment Management Group now owns 24,802 shares of the company’s stock valued at $2,019,000 after buying an additional 11,240 shares during the period. Finally, Flippin Bruce & Porter Inc. increased its stake in shares of Prudential Financial by 4.1% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 39,607 shares of the company’s stock valued at $3,224,000 after buying an additional 1,557 shares during the period.

Prudential Financial, Inc is a financial services company. The Company, through its subsidiaries and affiliates, provides a range of financial products and services, including life insurance, annuities and investment management. The Company’s divisions include U.S. Retirement Solutions and Investment Management Division; U.S.

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