Seizert Capital Partners LLC Increases Stake in Prudential Financial Inc (PRU)
Seizert Capital Partners LLC increased its holdings in Prudential Financial Inc (NYSE:PRU) by 46.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,600 shares of the financial services provider’s stock after acquiring an additional 49,141 shares during the period. Seizert Capital Partners LLC’s holdings in Prudential Financial were worth $15,765,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. ClariVest Asset Management LLC raised its holdings in shares of Prudential Financial by 16.2% in the 3rd quarter. ClariVest Asset Management LLC now owns 3,709 shares of the financial services provider’s stock worth $376,000 after acquiring an additional 516 shares during the last quarter. Martingale Asset Management L P raised its holdings in shares of Prudential Financial by 5.0% in the 2nd quarter. Martingale Asset Management L P now owns 10,981 shares of the financial services provider’s stock worth $1,027,000 after acquiring an additional 520 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of Prudential Financial by 0.6% in the 2nd quarter. Whittier Trust Co. now owns 92,888 shares of the financial services provider’s stock worth $8,686,000 after acquiring an additional 540 shares during the last quarter. Community Bank & Trust Waco Texas grew its position in Prudential Financial by 3.5% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 15,788 shares of the financial services provider’s stock worth $1,600,000 after purchasing an additional 540 shares in the last quarter. Finally, Mengis Capital Management Inc. grew its position in Prudential Financial by 1.8% in the 3rd quarter. Mengis Capital Management Inc. now owns 31,848 shares of the financial services provider’s stock worth $3,226,000 after purchasing an additional 550 shares in the last quarter. Institutional investors own 63.33% of the company’s stock.
In other news, insider Scott Sleyster sold 23,300 shares of the stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $99.74, for a total transaction of $2,323,942.00. Following the completion of the transaction, the insider now directly owns 57,758 shares of the company’s stock, valued at approximately $5,760,782.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Prudential Financial Inc bought 880,000 shares of Prudential Financial stock in a transaction dated Tuesday, October 16th. The shares were bought at an average cost of $25.00 per share, with a total value of $22,000,000.00. The disclosure for this purchase can be found here. 0.61% of the stock is owned by corporate insiders.
Prudential Financial stock opened at $91.53 on Monday. Prudential Financial Inc has a twelve month low of $89.33 and a twelve month high of $127.14. The company has a market cap of $37.81 billion, a PE ratio of 8.65, a P/E/G ratio of 0.84 and a beta of 1.44. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.37.
Prudential Financial (NYSE:PRU) last released its earnings results on Wednesday, November 7th. The financial services provider reported $3.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.16 by ($0.01). Prudential Financial had a net margin of 12.59% and a return on equity of 10.20%. The company had revenue of $14.43 billion for the quarter, compared to the consensus estimate of $13.51 billion. During the same period in the prior year, the company earned $3.01 earnings per share. On average, equities analysts expect that Prudential Financial Inc will post 12.18 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Monday, November 26th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Friday, November 23rd. Prudential Financial’s dividend payout ratio is currently 34.03%.
Prudential Financial Profile
Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.
Featured Story: Trading Strategy Examples and Plans
Want to see what other hedge funds are holding PRU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prudential Financial Inc (NYSE:PRU).
Receive News & Ratings for Prudential Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial and related companies with MarketBeat.com's FREE daily email newsletter.