Prudential Financial, Inc. $PRU Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Prudential Financial, Inc. (NYSE:PRUFree Report) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 259,151 shares of the financial services provider’s stock after selling 8,706 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Prudential Financial worth $29,315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Legal & General Group Plc raised its position in shares of Prudential Financial by 2.4% in the third quarter. Legal & General Group Plc now owns 2,701,116 shares of the financial services provider’s stock valued at $280,214,000 after buying an additional 62,366 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Prudential Financial by 16.6% in the fourth quarter. Nordea Investment Management AB now owns 2,044,374 shares of the financial services provider’s stock valued at $231,321,000 after buying an additional 291,422 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Prudential Financial by 1.5% in the third quarter. First Trust Advisors LP now owns 1,172,443 shares of the financial services provider’s stock valued at $121,629,000 after purchasing an additional 17,030 shares during the period. Federated Hermes Inc. grew its holdings in shares of Prudential Financial by 0.7% in the third quarter. Federated Hermes Inc. now owns 1,095,031 shares of the financial services provider’s stock valued at $113,599,000 after purchasing an additional 7,526 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Prudential Financial by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 891,244 shares of the financial services provider’s stock valued at $92,458,000 after purchasing an additional 2,451 shares during the period. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Prudential Financial Trading Down 0.5%

NYSE PRU opened at $94.38 on Friday. The firm has a 50 day simple moving average of $97.73 and a 200-day simple moving average of $104.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.16 and a current ratio of 0.16. Prudential Financial, Inc. has a one year low of $91.89 and a one year high of $119.76. The firm has a market cap of $32.83 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 1.22 and a beta of 0.95.

Prudential Financial (NYSE:PRUGet Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $3.30 EPS for the quarter, missing the consensus estimate of $3.37 by ($0.07). Prudential Financial had a net margin of 6.20% and a return on equity of 16.32%. The business had revenue of $14.52 billion during the quarter, compared to analysts’ expectations of $14.48 billion. During the same period in the previous year, the business posted $2.96 EPS. Equities research analysts anticipate that Prudential Financial, Inc. will post 13.97 EPS for the current fiscal year.

Prudential Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Tuesday, February 17th were issued a dividend of $1.40 per share. This is a boost from Prudential Financial’s previous quarterly dividend of $1.35. The ex-dividend date was Tuesday, February 17th. This represents a $5.60 annualized dividend and a yield of 5.9%. Prudential Financial’s dividend payout ratio (DPR) is presently 56.00%.

Insiders Place Their Bets

In other news, EVP Jacques Chappuis purchased 1,000 shares of the stock in a transaction on Friday, February 6th. The stock was bought at an average price of $100.97 per share, for a total transaction of $100,970.00. Following the acquisition, the executive vice president directly owned 1,000 shares of the company’s stock, valued at approximately $100,970. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph J. Wolk purchased 400 shares of the stock in a transaction on Wednesday, February 11th. The shares were purchased at an average price of $105.32 per share, with a total value of $42,128.00. Following the acquisition, the director directly owned 400 shares in the company, valued at $42,128. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 1,650 shares of company stock worth $168,841 in the last 90 days. Corporate insiders own 0.05% of the company’s stock.

Trending Headlines about Prudential Financial

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Bank of America cut their price objective on Prudential Financial from $112.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. UBS Group lowered their target price on shares of Prudential Financial from $105.00 to $98.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Wall Street Zen lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Keefe, Bruyette & Woods lowered their target price on shares of Prudential Financial from $104.00 to $100.00 and set a “market perform” rating for the company in a research note on Thursday. Finally, BMO Capital Markets lowered their target price on shares of Prudential Financial from $91.00 to $87.00 and set an “underperform” rating for the company in a research note on Thursday. Ten research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Prudential Financial currently has an average rating of “Reduce” and a consensus price target of $101.75.

Get Our Latest Research Report on PRU

About Prudential Financial

(Free Report)

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.

Further Reading

Want to see what other hedge funds are holding PRU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prudential Financial, Inc. (NYSE:PRUFree Report).

Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

Receive News & Ratings for Prudential Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial and related companies with MarketBeat.com's FREE daily email newsletter.