Prudential Financial Inc (NYSE:PRU) – Research analysts at Langen Mcalenn issued their Q3 2018 earnings estimates for shares of Prudential Financial in a research report issued on Thursday, October 11th. Langen Mcalenn analyst L. Greenberg anticipates that the financial services provider will post earnings of $3.09 per share for the quarter. Langen Mcalenn also issued estimates for Prudential Financial’s FY2018 earnings at $12.17 EPS.
Several other research firms also recently commented on PRU. Zacks Investment Research raised Prudential Financial from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research note on Monday, October 8th. UBS Group upped their price objective on Prudential Financial from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, October 8th. B. Riley upped their price objective on Prudential Financial from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Royal Bank of Canada reaffirmed a “buy” rating and set a $122.00 price objective on shares of Prudential Financial in a research note on Friday, August 3rd. Finally, ValuEngine raised Prudential Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $118.71.
PRU opened at $97.83 on Monday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.34. The company has a market cap of $42.25 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 0.93 and a beta of 1.48. Prudential Financial has a 52 week low of $92.05 and a 52 week high of $127.14.
Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $3.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.08 by ($0.07). The company had revenue of $13.04 billion for the quarter, compared to analysts’ expectations of $14.19 billion. Prudential Financial had a net margin of 13.16% and a return on equity of 9.98%. During the same period in the prior year, the company earned $2.09 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PRU. Flagship Harbor Advisors LLC acquired a new stake in shares of Prudential Financial in the 2nd quarter worth approximately $104,000. Sun Life Financial INC grew its holdings in shares of Prudential Financial by 470.9% in the 2nd quarter. Sun Life Financial INC now owns 1,136 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 937 shares during the period. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Prudential Financial in the 1st quarter worth approximately $122,000. Vigilant Capital Management LLC acquired a new stake in shares of Prudential Financial in the 2nd quarter worth approximately $125,000. Finally, Financial Architects Inc grew its holdings in shares of Prudential Financial by 303.9% in the 2nd quarter. Financial Architects Inc now owns 1,640 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 1,234 shares during the period. Institutional investors own 63.59% of the company’s stock.
In other Prudential Financial news, insider Scott Sleyster sold 23,300 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of $99.74, for a total transaction of $2,323,942.00. Following the transaction, the insider now owns 57,758 shares in the company, valued at approximately $5,760,782.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 23,349 shares of company stock worth $2,327,695 in the last quarter. 0.61% of the stock is currently owned by insiders.
About Prudential Financial
Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.
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