Prudential Financial (PRU) Receiving Somewhat Favorable News Coverage, Analysis Finds
News coverage about Prudential Financial (NYSE:PRU) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Prudential Financial earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 47.1818244396754 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Prudential’s PGIM Is Exploring Entering ETF Marketplace – Bloomberg (bloomberg.com)
- Prudential Financial (PRU) Presents At CECP CEO Investor Forum – 2017 – Slideshow (seekingalpha.com)
- For Asia’s rapidly aging populations, innovation and forward-thinking policies drive retirement security (finance.yahoo.com)
- Prudential Financial (PRU) vs. Its Rivals Head to Head Review (americanbankingnews.com)
A number of brokerages have issued reports on PRU. Zacks Investment Research lowered Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. BidaskClub raised Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Wells Fargo & Co reissued a “hold” rating on shares of Prudential Financial in a research report on Tuesday, June 6th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $113.00 target price on shares of Prudential Financial in a research report on Tuesday, June 27th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $112.92.
Shares of Prudential Financial (NYSE PRU) opened at 105.00 on Monday. Prudential Financial has a 52-week low of $78.50 and a 52-week high of $115.26. The stock has a market cap of $44.84 billion, a price-to-earnings ratio of 11.72 and a beta of 1.49. The stock’s 50 day moving average price is $104.48 and its 200-day moving average price is $106.88.
Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.61). Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. The firm had revenue of $13.03 billion for the quarter, compared to analysts’ expectations of $12.45 billion. During the same period last year, the firm earned $1.84 EPS. On average, analysts predict that Prudential Financial will post $10.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Tuesday, August 22nd were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Friday, August 18th. Prudential Financial’s dividend payout ratio (DPR) is 33.63%.
In related news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of Prudential Financial stock in a transaction on 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 sale, the chairman now owns 456,121 shares of the company’s stock, valued at approximately $50,173,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Pelletier sold 4,133 shares of Prudential Financial stock in a transaction on Monday, August 7th. The stock was sold at an average price of $112.18, for a total transaction of $463,639.94. Following the sale, the insider now directly owns 10,924 shares in the company, valued at approximately $1,225,454.32. The disclosure for this sale can be found here. Insiders have sold a total of 220,615 shares of company stock worth $24,276,660 in the last ninety days. 0.66% of the stock is currently 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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