Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Prudential Financial, Inc. (NYSE:PRU – Free Report) by 9.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,696 shares of the financial services provider’s stock after selling 9,726 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Prudential Financial were worth $10,689,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of PRU. Arrowstreet Capital Limited Partnership lifted its position in shares of Prudential Financial by 183.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 804,316 shares of the financial services provider’s stock worth $83,440,000 after buying an additional 520,425 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Prudential Financial by 209.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 520,025 shares of the financial services provider’s stock worth $55,871,000 after purchasing an additional 351,849 shares in the last quarter. Algebris UK Ltd. acquired a new stake in shares of Prudential Financial during the 3rd quarter worth about $36,298,000. Woodline Partners LP acquired a new stake in shares of Prudential Financial during the 3rd quarter worth about $32,894,000. Finally, Nordea Investment Management AB increased its position in shares of Prudential Financial by 16.6% during the 4th quarter. Nordea Investment Management AB now owns 2,044,374 shares of the financial services provider’s stock worth $231,321,000 after purchasing an additional 291,422 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.
Insider Buying and Selling at Prudential Financial
In other Prudential Financial news, Director Joseph J. Wolk acquired 400 shares of Prudential Financial stock in a transaction on Wednesday, February 11th. The shares were purchased at an average cost of $105.32 per share, with a total value of $42,128.00. Following the completion of the purchase, the director owned 400 shares in the company, valued at $42,128. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jacques Chappuis bought 1,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was bought at an average cost of $100.97 per share, for a total transaction of $100,970.00. Following the purchase, the executive vice president directly owned 1,000 shares of the company’s stock, valued at approximately $100,970. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 1,650 shares of company stock valued at $168,841. 0.05% of the stock is currently owned by insiders.
Prudential Financial Stock Performance
Prudential Financial (NYSE:PRU – Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $3.30 EPS for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.07). The firm had revenue of $14.52 billion during the quarter, compared to analyst estimates of $14.48 billion. Prudential Financial had a return on equity of 16.32% and a net margin of 6.20%.During the same quarter in the previous year, the business earned $2.96 earnings per share. Analysts forecast that Prudential Financial, Inc. will post 13.97 EPS for the current year.
Prudential Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Tuesday, February 17th were paid a $1.40 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This is a boost from Prudential Financial’s previous quarterly dividend of $1.35. This represents a $5.60 dividend on an annualized basis and a yield of 5.9%. Prudential Financial’s payout ratio is 56.00%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on PRU. Piper Sandler dropped their target price on shares of Prudential Financial from $105.00 to $99.00 and set a “neutral” rating for the company in a research report on Wednesday. BMO Capital Markets decreased their price target on Prudential Financial from $91.00 to $87.00 and set an “underperform” rating on the stock in a research report on Thursday. Wall Street Zen lowered Prudential Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. JPMorgan Chase & Co. reduced their price target on shares of Prudential Financial from $133.00 to $127.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating and reduced their price target for the stock from $124.00 to $98.00 in a research report on Wednesday. Ten analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $101.75.
Get Our Latest Stock Report on Prudential Financial
Key Prudential Financial News
Here are the key news stories impacting Prudential Financial this week:
- Positive Sentiment: PGIM names Brian Towers to lead Global Insurance & Strategic Partnerships — this strengthens Prudential’s asset-management distribution and could help PGIM deepen insurer relationships and integrated solutions over time. PGIM Appoints Brian Towers to Lead Global Insurance and Strategic Partnerships
- Neutral Sentiment: Analyst Keefe, Bruyette & Woods trimmed its price target to $100 and moved to “market perform” — a modest revision that still implies slight upside but is not a bullish endorsement. Keefe, Bruyette & Woods coverage (Benzinga)
- Neutral Sentiment: Piper Sandler lowered its target to $99 and kept a neutral rating — another modest downgrade that trims upside expectations but is not a sell signal. Piper Sandler coverage (Benzinga)
- Negative Sentiment: Prudential extended a Japan sales suspension and warned the affiliate’s misconduct probe will hit 2026 operating income by roughly $525M–$575M — a direct, near-term earnings headwind that analysts and investors view as material. Prudential Stock Slumps. A Misconduct Probe in Japan Is Getting ‘Ugly.’
- Negative Sentiment: Barclays downgraded PRU from “equal weight” to “underweight” and cut its target to $91 — a significant negative signal from a major bank that lowers investor appetite. Prudential Financial (NYSE:PRU) Stock Rating Lowered by Barclays
- Negative Sentiment: Jefferies downgraded PRU from “buy” to “hold” and slashed its price target to $98 — another influential analyst trimming conviction and reducing near-term upside. Prudential Financial (NYSE:PRU) Rating Lowered to “Hold” at Jefferies Financial Group
- Negative Sentiment: BMO cut its price target to $87 and assigned an “underperform” — one of the more bearish price-target moves, increasing downside risk in the near term. BMO coverage (Benzinga)
Prudential Financial Profile
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.
Recommended Stories
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.
