Prudential Financial, Inc. (NYSE:PRU) insider Nicholas C. Silitch sold 14,897 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the completion of the transaction, the insider now owns 21,274 shares in the company, valued at approximately $2,340,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Prudential Financial, Inc. (NYSE:PRU) traded down 0.66% during midday trading on Friday, reaching $105.36. 918,498 shares of the company traded hands. The stock has a market capitalization of $44.99 billion, a P/E ratio of 11.76 and a beta of 1.50. The company has a 50 day moving average price of $110.35 and a 200-day moving average price of $108.11. Prudential Financial, Inc. has a one year low of $74.85 and a one year high of $115.26.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by $0.61. The company had revenue of $13.03 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. During the same period in the prior year, the business earned $1.84 EPS. Analysts forecast that Prudential Financial, Inc. will post $10.22 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Tuesday, August 22nd will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Friday, August 18th. Prudential Financial’s dividend payout ratio is presently 33.63%.

COPYRIGHT VIOLATION WARNING: This report was reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.dailypolitical.com/2017/08/11/prudential-financial-inc-nysepru-insider-nicholas-c-silitch-sells-14897-shares.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of PRU. Adirondack Trust Co. boosted its position in shares of Prudential Financial by 7.6% in the first quarter. Adirondack Trust Co. now owns 1,133 shares of the financial services provider’s stock valued at $121,000 after buying an additional 80 shares during the last quarter. Hudock Capital Group LLC boosted its position in shares of Prudential Financial by 0.7% in the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after buying an additional 8 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Prudential Financial by 11.1% in the first quarter. Quadrant Capital Group LLC now owns 1,376 shares of the financial services provider’s stock valued at $139,000 after buying an additional 137 shares during the last quarter. First Personal Financial Services boosted its position in shares of Prudential Financial by 3.4% in the first quarter. First Personal Financial Services now owns 1,407 shares of the financial services provider’s stock valued at $150,000 after buying an additional 46 shares during the last quarter. Finally, Guardian Life Insurance Co. of America boosted its position in shares of Prudential Financial by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock valued at $177,000 after buying an additional 5 shares during the last quarter. 63.51% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on the stock. Deutsche Bank AG boosted their price objective on shares of Prudential Financial from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, April 19th. Zacks Investment Research cut shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. BidaskClub upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Wells Fargo & Company restated a “hold” rating on shares of Prudential Financial in a research report on Tuesday, June 6th. Finally, Credit Suisse Group decreased their price objective on shares of Prudential Financial from $121.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 23rd. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Prudential Financial presently has a consensus rating of “Buy” and an average target price of $111.21.

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.

Insider Buying and Selling by Quarter for Prudential Financial (NYSE:PRU)

Receive News & Ratings for Prudential Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.