Robeco Institutional Asset Management B.V. Acquires 352,793 Shares of Prudential Financial, Inc. $PRU

Robeco Institutional Asset Management B.V. increased its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 266.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 485,344 shares of the financial services provider’s stock after purchasing an additional 352,793 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Prudential Financial were worth $55,125,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Prudential Financial in the second quarter valued at approximately $3,507,481,000. State Street Corp increased its position in shares of Prudential Financial by 1.2% during the second quarter. State Street Corp now owns 17,164,760 shares of the financial services provider’s stock worth $1,852,593,000 after acquiring an additional 209,179 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Prudential Financial by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,758,545 shares of the financial services provider’s stock worth $367,089,000 after acquiring an additional 166,641 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Prudential Financial by 95.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,556,748 shares of the financial services provider’s stock worth $249,769,000 after acquiring an additional 1,247,371 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Prudential Financial during the second quarter worth $209,055,000. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Prudential Financial Trading Up 2.9%

NYSE PRU opened at $118.14 on Friday. Prudential Financial, Inc. has a 12 month low of $91.89 and a 12 month high of $127.72. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average of $117.85 and a 200-day moving average of $111.39. The company has a market cap of $40.76 billion, a PE ratio of 7.53, a PEG ratio of 1.73 and a beta of 0.85.

Prudential Financial (NYSE:PRU) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.56. Prudential Financial had a net margin of 6.51% and a return on equity of 16.68%. The business had revenue of $14.15 billion for the quarter, compared to the consensus estimate of $14.36 billion. During the same period in the previous year, the company earned $3.58 earnings per share. On average, equities research analysts anticipate that Prudential Financial, Inc. will post 14.37 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, August 25th were given a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, August 25th. Prudential Financial’s dividend payout ratio (DPR) is 50.72%.

Insider Transactions at Prudential Financial

In other news, EVP Ann M. Kappler sold 7,652 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $125.01, for a total value of $956,576.52. Following the sale, the executive vice president directly owned 14,407 shares of the company’s stock, valued at approximately $1,801,019.07. This represents a 34.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $24.75, for a total transaction of $5,314,963.50. Following the completion of the sale, the insider owned 7,973,657 shares of the company’s stock, valued at $197,348,010.75. This trade represents a 2.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.05% of the company’s stock.

Prudential Financial News Roundup

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

• Positive Sentiment: Prudential is partnering with SoFi to offer life-insurance products through SoFi’s app to its approximately 15 million members. The agreement could expand Prudential’s digital distribution, customer reach and new-business opportunities. SoFi and Prudential Financial team up to expand access to life insurance
• Positive Sentiment: Prudential’s planned sale of its Brazil and Mexico businesses for roughly $4 billion may support capital generation and sharpen the company’s focus on core markets, though investors will watch how proceeds are deployed. Newark’s Prudential Sells Brazil, Mexico Units for $4 Billion in Market Exit Push
• Neutral Sentiment: JPMorgan lowered its price target to $124 from $127 while maintaining a “neutral” rating. The revised target still implies modest upside, but the cut signals limited near-term conviction. JPMorgan lowers Prudential Financial price target
• Neutral Sentiment: Prudential Wealth Advisors plans to increase recruiting under a centralized operating model. The move could strengthen its advisor platform over time, but near-term financial effects are unclear. Prudential Wealth Advisors set to ramp up recruiting with new centralized model
• Negative Sentiment: Dowling & Partners reduced its EPS forecasts to $13.80 for fiscal 2027 and $15.30 for fiscal 2028, from $14.60 and $16.15, respectively. The lower estimates point to weaker expected earnings momentum. Prudential Financial analyst earnings estimates
• Negative Sentiment: TD Cowen cut its price target to $112 from $114 and kept a “hold” rating, implying downside from recent trading levels. Barclays and Morgan Stanley have also recently lowered expectations, creating a broadly cautious analyst backdrop. Analyst target reductions for Prudential Financial

Analysts Set New Price Targets

PRU has been the topic of several research reports. Wall Street Zen cut shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Monday, September 28th. Jefferies Financial Group lifted their price target on Prudential Financial from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Friday, July 10th. Mizuho set a $108.00 price target on Prudential Financial in a report on Monday, October 12th. Weiss Ratings cut Prudential Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Finally, Wells Fargo & Company dropped their target price on Prudential Financial from $110.00 to $104.00 and set an “underweight” rating on the stock in a research report on Monday, October 12th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $106.92.

About Prudential Financial

Prudential Financial, Inc (NYSE: PRU) is a global financial services company that provides insurance, retirement, investment management and related financial products. Founded in Newark, New Jersey, in 1875, the company serves individuals, businesses and institutional investors through a range of businesses and distribution channels.

In the United States, Prudential offers life insurance, annuities, retirement plans and employee benefits, including group life, disability and dental insurance.