AustralianSuper Pty Ltd Purchases 89,915 Shares of Prudential Financial, Inc. $PRU

AustralianSuper Pty Ltd raised its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 897,597 shares of the financial services provider’s stock after buying an additional 89,915 shares during the period. AustralianSuper Pty Ltd’s holdings in Prudential Financial were worth $101,321,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PRU. Arrowstreet Capital Limited Partnership lifted its stake in shares of Prudential Financial by 183.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 804,316 shares of the financial services provider’s stock worth $83,440,000 after acquiring an additional 520,425 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Prudential Financial by 209.2% during the second quarter. Canada Pension Plan Investment Board now owns 520,025 shares of the financial services provider’s stock worth $55,871,000 after purchasing an additional 351,849 shares during the last quarter. Algebris UK Ltd. purchased a new stake in shares of Prudential Financial during the third quarter valued at $36,298,000. Woodline Partners LP purchased a new stake in shares of Prudential Financial during the third quarter valued at $32,894,000. Finally, Nordea Investment Management AB grew its holdings in shares of Prudential Financial by 16.6% in the fourth quarter. Nordea Investment Management AB now owns 2,044,374 shares of the financial services provider’s stock worth $231,321,000 after purchasing an additional 291,422 shares during the last quarter. 56.83% of the stock is currently owned by hedge funds and other institutional investors.

More Prudential Financial News

Here are the key news stories impacting Prudential Financial this week:

• Positive Sentiment: Prudential’s asset management arm, PGIM, launched its first private credit CIT for defined contribution plans, expanding its retirement-plan product lineup and potentially opening a new source of fee-based growth. PGIM launches first private credit CIT to broaden defined contribution market access
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on Prudential Financial to $106 from $100, signaling improved expectations even while keeping a market-perform rating. Prudential Financial price target raised by KBW
• Positive Sentiment: Prudential also announced a quarterly dividend of $1.40 per share, reinforcing its appeal to income-focused investors and underscoring capital-return discipline. Does Prudential (PRU) Balancing Dividends, Buybacks, and New Debt Reveal Its True Capital Priorities?
• Neutral Sentiment: Prudential said employers facing medical-cost stress could see lower productivity, absenteeism, and turnover, but the comments read more like industry commentary than a direct earnings driver. Employers say they’re doing enough to help with medical costs, but workers disagree
• Neutral Sentiment: Prudential reportedly reduced its stake in Kirby in a profitable sell-off, which reflects active portfolio management but is unlikely to materially change PRU’s near-term outlook on its own. Financial services giant Prudential slashes Kirby stake in profitable sell-off

Prudential Financial Trading Up 0.7%

Shares of NYSE:PRU opened at $103.12 on Friday. The company has a market capitalization of $35.78 billion, a PE ratio of 10.61, a P/E/G ratio of 1.85 and a beta of 0.86. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.58. Prudential Financial, Inc. has a 12-month low of $91.89 and a 12-month high of $119.76. The business’s fifty day simple moving average is $97.07 and its 200-day simple moving average is $104.57.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $3.61 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.52. Prudential Financial had a return on equity of 16.33% and a net margin of 5.83%.The firm had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $14.10 billion. During the same period in the prior year, the business posted $3.29 EPS. As a group, equities research analysts predict that Prudential Financial, Inc. will post 13.72 earnings per share for the current fiscal year.

Prudential Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Tuesday, May 26th will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, May 26th. Prudential Financial’s dividend payout ratio is presently 57.61%.

Insider Buying and Selling at Prudential Financial

In other news, Director Thomas D. Stoddard acquired 250 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were purchased at an average price of $102.97 per share, with a total value of $25,742.50. Following the transaction, the director directly owned 250 shares in the company, valued at approximately $25,742.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PRU shares. Piper Sandler lifted their price objective on shares of Prudential Financial from $99.00 to $105.00 and gave the company a “neutral” rating in a report on Monday. Jefferies Financial Group lowered shares of Prudential Financial from a “buy” rating to a “hold” rating and reduced their target price for the stock from $124.00 to $98.00 in a research report on Wednesday, April 22nd. UBS Group decreased their price target on shares of Prudential Financial from $105.00 to $98.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Wells Fargo & Company increased their price objective on Prudential Financial from $93.00 to $100.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Zacks Research downgraded Prudential Financial from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Nine investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, Prudential Financial presently has an average rating of “Reduce” and a consensus target price of $101.50.

About Prudential Financial

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.