Prudential Financial, Inc. (NYSE:PRU – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $109.64 and traded as high as $114.15. Prudential Financial shares last traded at $113.4370, with a volume of 1,487,463 shares trading hands.
Key Headlines Impacting Prudential Financial
Here are the key news stories impacting Prudential Financial this week:
- Positive Sentiment: Prudential’s planned $5 billion reinsurance transaction with Prismic Life expands a repeatable strategy for transferring selected liabilities and improving capital flexibility. Investors may view the deal as supportive of balance-sheet management and capital deployment. PRU’s $5B Prismic Deal Signals a Broader Capital-Management Strategy
- Positive Sentiment: Prudential has an extensive earnings-surprise history, and Zacks says its current Earnings ESP and estimate trends indicate potential for another quarterly beat. The company is scheduled to report third-quarter 2026 results on November 3 after the market closes. Will Prudential Beat Estimates Again in Its Next Earnings Report?
- Positive Sentiment: PRU has traded above its 200-day moving average, while industry commentary points to improved insurance pricing, product redesigns and technology investments as potential tailwinds for multiline insurers. 3 Low-Rated Stocks Analysts May Be Underestimating Ahead of Q3 Earnings
Analyst Ratings Changes
A number of research firms have recently issued reports on PRU. Wall Street Zen lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Monday, September 28th. Keefe, Bruyette & Woods lifted their price target on shares of Prudential Financial from $113.00 to $123.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 11th. Mizuho dropped their target price on Prudential Financial from $113.00 to $109.00 and set a “neutral” rating on the stock in a research report on Wednesday. Argus downgraded Prudential Financial from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings upgraded Prudential Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $109.62.
Prudential Financial Price Performance
The company has a market cap of $38.73 billion, a P/E ratio of 10.17, a P/E/G ratio of 1.70 and a beta of 0.85. The company’s 50-day moving average price is $119.77 and its two-hundred day moving average price is $109.78. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.62.
Prudential Financial (NYSE:PRU – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $4.08 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $14.36 billion. During the same period last year, the firm earned $3.58 earnings per share. As a group, sell-side analysts expect that Prudential Financial, Inc. will post 14.54 earnings per share for the current year.
Prudential Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, August 25th were issued a dividend of $1.40 per share. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $5.60 annualized dividend and a dividend yield of 5.0%. Prudential Financial’s dividend payout ratio is 50.72%.
Insider Activity at Prudential Financial
In related news, EVP Ann Kappler sold 7,652 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $125.01, for a total transaction of $956,576.52. Following the completion of the transaction, the executive vice president directly owned 14,407 shares in the company, valued at $1,801,019.07. This represents a 34.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the business’s stock in a transaction on 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 transaction, the insider directly owned 7,973,657 shares of the company’s stock, valued at approximately $197,348,010.75. This trade represents a 2.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.05% of the company’s stock.
Hedge Funds Weigh In On Prudential Financial
Several hedge funds and other institutional investors have recently made changes to their positions in PRU. Archer Investment Corp bought a new stake in Prudential Financial during the 2nd quarter valued at $26,000. SJS Investment Consulting Inc. increased its holdings in shares of Prudential Financial by 93.1% during the first quarter. SJS Investment Consulting Inc. now owns 278 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 134 shares during the period. Union Savings Bank bought a new stake in shares of Prudential Financial during the fourth quarter valued at about $35,000. Reflection Asset Management bought a new position in Prudential Financial in the 4th quarter valued at about $39,000. Finally, EFG International AG increased its stake in Prudential Financial by 452.2% during the 2nd quarter. EFG International AG now owns 381 shares of the financial services provider’s stock valued at $41,000 after buying an additional 312 shares during the period. 56.83% of the stock is currently owned by institutional investors and hedge funds.
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.
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