Seaward Management Limited Partnership cut its position in shares of Prudential Financial, Inc. (NYSE:PRU) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,203 shares of the financial services provider’s stock after selling 580 shares during the quarter. Seaward Management Limited Partnership’s holdings in Prudential Financial were worth $4,487,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Green Square Capital LLC boosted its holdings in Prudential Financial by 0.3% during the second quarter. Green Square Capital LLC now owns 2,065 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 7 shares during the last quarter. Hudock Capital Group LLC boosted its holdings in Prudential Financial by 0.7% during the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 8 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in Prudential Financial by 0.9% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,018 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 18 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in Prudential Financial by 1.6% during the second quarter. Capital Investment Advisors LLC now owns 2,454 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 38 shares during the last quarter. Finally, Accurate Investment Solutions Inc. boosted its holdings in Prudential Financial by 2.3% during the second quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 64.48% of the company’s stock.

Shares of Prudential Financial, Inc. (PRU) traded up $0.15 during mid-day trading on Friday, hitting $110.37. 1,857,500 shares of the company were exchanged, compared to its average volume of 1,857,134. The stock has a market cap of $47,610.00, a PE ratio of 10.65, a P/E/G ratio of 1.25 and a beta of 1.56. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.34. Prudential Financial, Inc. has a 12 month low of $97.53 and a 12 month high of $115.26.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, beating the Zacks’ consensus estimate of $2.71 by $0.30. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $12.24 billion. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. During the same period in the prior year, the company posted $2.66 EPS. sell-side analysts anticipate that Prudential Financial, Inc. will post 10.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Monday, November 27th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Friday, November 24th. Prudential Financial’s payout ratio is currently 30.24%.

In related news, insider Nicholas C. Silitch sold 44,860 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the sale, the insider now owns 27,927 shares of the company’s stock, valued at approximately $3,121,400.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles F. Lowrey sold 44,630 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $111.91, for a total transaction of $4,994,543.30. Following the sale, the executive vice president now directly owns 79,354 shares in the company, valued at approximately $8,880,506.14. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.

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Several research analysts recently weighed in on the stock. Wells Fargo & Company restated a “hold” rating on shares of Prudential Financial in a report on Thursday, August 3rd. BidaskClub upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada restated a “hold” rating and set a $119.00 price target on shares of Prudential Financial in a report on Friday, November 3rd. B. Riley restated a “buy” rating on shares of Prudential Financial in a report on Monday, November 6th. Finally, ValuEngine cut shares of Prudential Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $115.13.

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.

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Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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