Sentry Investment Management LLC Has $3,371,000 Position in Prudential Financial, Inc. (PRU)
Sentry Investment Management LLC held its position in Prudential Financial, Inc. (NYSE:PRU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,169 shares of the financial services provider’s stock at the close of the 2nd quarter. Sentry Investment Management LLC’s holdings in Prudential Financial were worth $3,371,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Focused Wealth Management Inc grew its holdings in shares of Prudential Financial by 5.4% in the first quarter. Focused Wealth Management Inc now owns 2,899 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 149 shares during the period. Bancorpsouth Inc. grew its holdings in shares of Prudential Financial by 3.6% in the first quarter. Bancorpsouth Inc. now owns 48,881 shares of the financial services provider’s stock worth $5,215,000 after acquiring an additional 1,702 shares during the period. Cibc World Markets Corp grew its holdings in shares of Prudential Financial by 52.3% in the first quarter. Cibc World Markets Corp now owns 44,913 shares of the financial services provider’s stock worth $4,791,000 after acquiring an additional 15,424 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Prudential Financial in the first quarter worth $5,850,000. Finally, Tredje AP fonden grew its holdings in shares of Prudential Financial by 18.7% in the first quarter. Tredje AP fonden now owns 47,060 shares of the financial services provider’s stock worth $5,020,000 after acquiring an additional 7,415 shares during the period. 64.41% of the stock is owned by institutional investors and hedge funds.
Prudential Financial, Inc. (PRU) traded up 0.34% during mid-day trading on Monday, reaching $109.48. The company’s stock had a trading volume of 400,589 shares. The company has a market capitalization of $46.75 billion, a price-to-earnings ratio of 12.22 and a beta of 1.51. Prudential Financial, Inc. has a one year low of $82.45 and a one year high of $115.26. The stock has a 50-day moving average price of $104.79 and a 200-day moving average price of $106.71.
Prudential Financial (NYSE:PRU) last announced its quarterly 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 company had revenue of $13.03 billion for the quarter, compared to analyst estimates 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 posted $1.84 earnings per share. Equities research analysts forecast that Prudential Financial, Inc. will post $10.14 EPS for the current year.
In other Prudential Financial news, insider Nicholas C. Silitch sold 14,897 shares of the stock in a transaction dated 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 sale, the insider now directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Pelletier sold 4,133 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $112.18, for a total value of $463,639.94. Following the sale, the insider now directly owns 10,924 shares in the company, valued at $1,225,454.32. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.
PRU has been the subject of several research analyst reports. BidaskClub lowered Prudential Financial from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $113.00 price objective on shares of Prudential Financial in a report on Tuesday, June 27th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Prudential Financial in a report on Thursday, August 3rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Prudential Financial in a report on Friday, August 11th. Finally, Morgan Stanley lifted their price objective on Prudential Financial from $118.00 to $123.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $114.30.
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.
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.