Investors purchased shares of Prudential Financial, Inc. (NYSE:PRU) on weakness during trading hours on Thursday. $58.09 million flowed into the stock on the tick-up and $24.00 million flowed out of the stock on the tick-down, for a money net flow of $34.09 million into the stock. Of all companies tracked, Prudential Financial had the 12th highest net in-flow for the day. Prudential Financial traded down ($0.06) for the day and closed at $102.08

Several research analysts have weighed in on the stock. Zacks Investment Research lowered 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. Credit Suisse Group lowered their target price 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. Wells Fargo & Company restated a “hold” rating on shares of Prudential Financial in a research report on Tuesday, June 6th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $111.21.

The stock has a 50 day moving average price of $107.90 and a 200 day moving average price of $107.72. The stock has a market cap of $44.05 billion, a PE ratio of 11.52 and a beta of 1.50.

Prudential Financial (NYSE:PRU) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share for the quarter, missing the consensus estimate of $2.70 by $0.61. The firm 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 last year, the business earned $1.84 earnings per share. Equities research analysts forecast that Prudential Financial, Inc. will post $10.14 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Tuesday, August 22nd will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Friday, August 18th. Prudential Financial’s dividend payout ratio (DPR) is currently 33.63%.

In other news, insider Stephen Pelletier sold 4,133 shares of Prudential Financial stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $112.18, for a total value of $463,639.94. Following the transaction, the insider now directly owns 10,924 shares of the company’s stock, valued at $1,225,454.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicholas C. Silitch sold 14,897 shares of Prudential Financial stock in a transaction that occurred on Wednesday, August 9th. The stock was 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 directly owns 21,274 shares in the company, valued at $2,340,140. The disclosure for this sale can be found here. Over the last three months, insiders sold 220,615 shares of company stock worth $24,276,660. 0.66% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Prudential Financial by 2.9% in the second quarter. BlackRock Inc. now owns 33,155,309 shares of the financial services provider’s stock valued at $3,585,415,000 after buying an additional 934,352 shares during the period. Vanguard Group Inc. increased its position in Prudential Financial by 2.0% in the second quarter. Vanguard Group Inc. now owns 30,885,285 shares of the financial services provider’s stock valued at $3,339,935,000 after buying an additional 612,799 shares during the period. Capital Research Global Investors increased its position in Prudential Financial by 1.2% in the second quarter. Capital Research Global Investors now owns 13,662,673 shares of the financial services provider’s stock valued at $1,477,481,000 after buying an additional 162,833 shares during the period. Geode Capital Management LLC increased its position in Prudential Financial by 9.4% in the first quarter. Geode Capital Management LLC now owns 4,297,520 shares of the financial services provider’s stock valued at $457,822,000 after buying an additional 368,321 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Prudential Financial by 11.9% in the second quarter. Ameriprise Financial Inc. now owns 4,157,881 shares of the financial services provider’s stock valued at $449,637,000 after buying an additional 442,168 shares during the period. 64.44% of the stock is currently owned by institutional investors and hedge funds.

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About Prudential Financial

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.