Prudential Financial, Inc. (NYSE:PRU) Shares Bought by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC grew its holdings in Prudential Financial, Inc. (NYSE:PRU) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,262 shares of the financial services provider’s stock after acquiring an additional 774 shares during the period. Moloney Securities Asset Management LLC’s holdings in Prudential Financial were worth $1,727,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Diversify Advisory Services LLC purchased a new position in shares of Prudential Financial during the 1st quarter valued at about $272,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Prudential Financial by 4.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,164 shares of the financial services provider’s stock valued at $12,698,000 after acquiring an additional 4,802 shares during the period. Daiwa Securities Group Inc. boosted its position in Prudential Financial by 9.4% in the 1st quarter. Daiwa Securities Group Inc. now owns 36,057 shares of the financial services provider’s stock worth $4,233,000 after purchasing an additional 3,109 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Prudential Financial by 4.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,264 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 141 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of Prudential Financial by 165.7% during the 1st quarter. Larson Financial Group LLC now owns 364 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 227 shares in the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.

Insider Activity at Prudential Financial

In other Prudential Financial news, EVP Caroline Feeney sold 1,110 shares of Prudential Financial stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $119.97, for a total transaction of $133,166.70. Following the transaction, the executive vice president now directly owns 10,175 shares of the company’s stock, valued at $1,220,694.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Insurance Co Of Ame Prudential bought 261,059 shares of the stock in a transaction on Tuesday, October 8th. The stock was bought at an average price of $27.58 per share, with a total value of $7,200,007.22. Following the completion of the purchase, the insider now directly owns 4,208,549 shares in the company, valued at $116,071,781.42. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Caroline Feeney sold 1,110 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $119.97, for a total transaction of $133,166.70. Following the completion of the sale, the executive vice president now directly owns 10,175 shares in the company, valued at $1,220,694.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by insiders.

Prudential Financial Stock Down 0.5 %

PRU stock opened at $120.66 on Tuesday. The company has a market cap of $42.95 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 0.86 and a beta of 1.29. The firm has a 50-day moving average of $121.16 and a two-hundred day moving average of $118.49. Prudential Financial, Inc. has a 12 month low of $89.90 and a 12 month high of $128.52. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.60.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.01. The firm had revenue of $19.48 billion for the quarter, compared to the consensus estimate of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same quarter last year, the business posted $3.44 earnings per share. As a group, analysts forecast that Prudential Financial, Inc. will post 13.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PRU has been the topic of several analyst reports. Citigroup raised their price target on shares of Prudential Financial from $104.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Morgan Stanley cut their price target on Prudential Financial from $123.00 to $122.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Piper Sandler increased their price target on Prudential Financial from $121.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Argus raised Prudential Financial to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Wells Fargo & Company increased their target price on Prudential Financial from $113.00 to $116.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Prudential Financial currently has an average rating of “Hold” and an average price target of $123.77.

Prudential Financial Company Profile

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.