Prudential Financial (NYSE:PRU) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Prudential Financial (NYSE:PRU) had its target price decreased by JPMorgan Chase & Co. from $131.00 to $127.00 in a report released on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

A number of other research firms have also recently issued reports on PRU. Piper Sandler cut their price objective on Prudential Financial from $128.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, October 12th. Wall Street Zen cut Prudential Financial from a “buy” rating to a “hold” rating in a report on Monday, September 28th. Keefe, Bruyette & Woods boosted their target price on Prudential Financial from $113.00 to $123.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 11th. Weiss Ratings downgraded Prudential Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Wells Fargo & Company cut their target price on Prudential Financial from $110.00 to $104.00 and set an “underweight” rating for the company in a research note on Monday, October 12th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Prudential Financial currently has an average rating of “Reduce” and a consensus price target of $107.85.

Prudential Financial Stock Performance

NYSE PRU opened at $115.79 on Thursday. Prudential Financial has a 52-week low of $91.89 and a 52-week high of $127.72. The company has a fifty day moving average of $118.45 and a 200-day moving average of $110.78. The company has a market capitalization of $39.95 billion, a P/E ratio of 10.49, a P/E/G ratio of 1.72 and a beta of 0.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.16 and a current ratio of 0.16.

Prudential Financial (NYSE:PRU) last released its earnings results on Tuesday, August 4th. The financial services provider reported $4.08 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.56. Prudential Financial had a return on equity of 16.68% and a net margin of 6.51%. The business had revenue of $14.15 billion for the quarter, compared to analysts’ expectations of $14.36 billion. During the same quarter in the prior year, the firm earned $3.58 earnings per share. As a group, equities research analysts predict that Prudential Financial will post 14.47 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th were given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 4.8%. The ex-dividend date was Tuesday, August 25th. Prudential Financial’s dividend payout ratio is presently 50.72%.

Insider Transactions at Prudential Financial

In other news, EVP Ann M. Kappler sold 7,652 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $125.01, for a total value of $956,576.52. Following the completion of the sale, the executive vice president owned 14,407 shares of the company’s stock, valued at approximately $1,801,019.07. The trade was a 34.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $24.75, for a total value of $5,314,963.50. Following the sale, the insider owned 7,973,657 shares of the company’s stock, valued at $197,348,010.75. This represents a 2.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.05% of the stock is currently owned by company insiders.

Institutional Trading of Prudential Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Orca Investment Management LLC bought a new position in shares of Prudential Financial during the second quarter valued at about $2,605,000. Jones Financial Companies Lllp grew its stake in shares of Prudential Financial by 21.3% in the second quarter. Jones Financial Companies Lllp now owns 58,436 shares of the financial services provider’s stock worth $6,325,000 after purchasing an additional 10,257 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Prudential Financial by 379.8% in the second quarter. Assenagon Asset Management S.A. now owns 619,701 shares of the financial services provider’s stock worth $66,884,000 after purchasing an additional 490,553 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Prudential Financial by 32.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 28,105 shares of the financial services provider’s stock valued at $3,033,000 after purchasing an additional 6,877 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Prudential Financial by 2.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 739,294 shares of the financial services provider’s stock valued at $79,792,000 after purchasing an additional 19,451 shares during the period. Institutional investors own 56.83% of the company’s stock.

More Prudential Financial News

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

• Neutral Sentiment: Two comparative articles examine whether PRU offers a more attractive long-term dividend opportunity than T. Rowe Price and MetLife. The coverage highlights Prudential’s appeal to income-focused and retirement investors, although it does not introduce a new dividend increase or company-specific catalyst. T. Rowe Price vs. Prudential: Which Dividend Stock Pays You More in 10 Years? Better Dividend Stock for Retirees: Prudential vs. MetLife
• Negative Sentiment: Prudential estimated that the suspension of sales in Japan will reduce third-quarter earnings by approximately $140 million. The preliminary disclosure raises concern about near-term results and the performance of the company’s international operations. Prudential Financial estimates $140M hit to Q3 earnings from Japan
• Negative Sentiment: Analysts at Dowling & Partners lowered their EPS forecasts for Prudential: FY2026 to $14.65 from $14.90, FY2027 to $14.60 from $15.15, and FY2028 to $16.15 from $16.45. The revisions suggest weaker expected profit growth, even though the FY2026 estimate remains slightly above the broader $14.50 consensus.
• Negative Sentiment: JPMorgan reduced its price target for PRU to $127 from $131 and maintained a neutral rating. The lower target signals more limited upside expectations and reinforces cautious analyst sentiment. Benzinga report

Prudential Financial Company Profile

Prudential Financial, Inc (NYSE: PRU) is a global financial services company that provides insurance, retirement, investment management and related financial products. Founded in 1875 and headquartered in Newark, New Jersey, the company serves individual, institutional and workplace customers through businesses in the United States and selected international markets.

In the United States, Prudential offers life insurance, annuities, retirement plans and group insurance products, including coverage for employees and their families.