Prudential Financial (PRU) Earns Daily Coverage Optimism Score of 0.25
Media headlines about Prudential Financial (NYSE:PRU) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Prudential Financial earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 47.1184631864573 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Liveoak Announces Equity Investment and Strategic Partnerships With Top Financial Services Firms (bizjournals.com)
- ETFs with exposure to Prudential Financial, Inc. : September 13, 2017 (finance.yahoo.com)
- Prudential plc (PRU) Receives “Buy” Rating from Deutsche Bank AG (currenthollywood.com)
Several research analysts have issued reports on PRU shares. ValuEngine upgraded Prudential Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reiterated a “hold” rating and set a $117.00 price objective on shares of Prudential Financial in a research note on Wednesday, September 6th. BidaskClub lowered Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Wells Fargo & Company reiterated a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $111.49.
Shares of Prudential Financial (PRU) traded down 0.34% during mid-day trading on Thursday, hitting $102.01. The stock had a trading volume of 1,263,007 shares. The company has a market capitalization of $43.56 billion, a P/E ratio of 11.39 and a beta of 1.49. The stock’s 50-day moving average price is $105.30 and its 200 day moving average price is $107.14. Prudential Financial has a 1-year low of $78.50 and a 1-year high of $115.26.
Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing the Zacks’ consensus estimate of $2.70 by ($0.61). Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The business had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the business posted $1.84 EPS. On average, analysts predict that Prudential Financial will post $10.13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Tuesday, August 22nd will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Friday, August 18th. Prudential Financial’s payout ratio is 33.63%.
In related news, insider Nicholas C. Silitch sold 14,897 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total value of $1,638,670.00. Following the completion of the transaction, the insider now owns 21,274 shares of the company’s stock, valued at approximately $2,340,140. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $110.00, for a total transaction of $22,174,350.00. Following the completion of the transaction, the chairman now directly owns 456,121 shares of the company’s stock, valued at approximately $50,173,310. The disclosure for this sale can be found here. In the last ninety days, insiders sold 220,615 shares of company stock valued at $24,276,660. 0.66% of the stock is owned by insiders.
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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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