Prudential Financial (PRU) Projected to Post Earnings on Wednesday

Prudential Financial (NYSE:PRU) is expected to be posting its Q1 2025 earnings results after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $3.37 per share and revenue of $14.76 billion for the quarter.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.96 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.40). Prudential Financial had a net margin of 4.01% and a return on equity of 15.86%. On average, analysts expect Prudential Financial to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Prudential Financial Price Performance

PRU opened at $100.16 on Wednesday. Prudential Financial has a 1 year low of $90.38 and a 1 year high of $130.55. The company’s 50 day simple moving average is $107.17 and its 200 day simple moving average is $116.56. The stock has a market capitalization of $35.50 billion, a PE ratio of 13.41, a P/E/G ratio of 0.98 and a beta of 1.11. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.16 and a current ratio of 0.16.

Prudential Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Prudential Financial’s previous quarterly dividend of $1.30. Prudential Financial’s dividend payout ratio (DPR) is 72.29%.

Insider Activity

In other Prudential Financial news, EVP Andrew F. Sullivan sold 6,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $105.98, for a total transaction of $635,880.00. Following the transaction, the executive vice president now directly owns 27,072 shares in the company, valued at $2,869,090.56. This represents a 18.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Insurance Co Of Ame Prudential bought 87,047 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $28.72 per share, with a total value of $2,499,989.84. Following the transaction, the insider now directly owns 87,047 shares in the company, valued at approximately $2,499,989.84. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Prudential Financial

A hedge fund recently raised its stake in Prudential Financial stock. Brighton Jones LLC lifted its position in Prudential Financial, Inc. (NYSE:PRU) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,681 shares of the financial services provider’s stock after acquiring an additional 133 shares during the quarter. Brighton Jones LLC’s holdings in Prudential Financial were worth $436,000 as of its most recent SEC filing. 56.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PRU shares. UBS Group reduced their target price on Prudential Financial from $130.00 to $122.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Barclays decreased their target price on Prudential Financial from $134.00 to $106.00 and set an “equal weight” rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods cut their price target on shares of Prudential Financial from $125.00 to $120.00 and set a “market perform” rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company dropped their price objective on shares of Prudential Financial from $118.00 to $108.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. Finally, Piper Sandler reduced their target price on shares of Prudential Financial from $122.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Prudential Financial currently has an average rating of “Hold” and an average target price of $121.85.

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.