7,804 Shares in Prudential Financial, Inc. $PRU Bought by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. acquired a new position in Prudential Financial, Inc. (NYSE:PRU) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,804 shares of the financial services provider’s stock, valued at approximately $842,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Prudential Financial by 3.7% during the 4th quarter. Brighton Jones LLC now owns 3,681 shares of the financial services provider’s stock valued at $436,000 after purchasing an additional 133 shares during the last quarter. Empowered Funds LLC grew its position in Prudential Financial by 30.5% during the 1st quarter. Empowered Funds LLC now owns 17,690 shares of the financial services provider’s stock worth $1,976,000 after purchasing an additional 4,134 shares during the period. Brown Advisory Inc. lifted its holdings in Prudential Financial by 3.5% in the second quarter. Brown Advisory Inc. now owns 4,164 shares of the financial services provider’s stock valued at $447,000 after acquiring an additional 140 shares during the period. AXA S.A. lifted its stake in shares of Prudential Financial by 25.8% in the 2nd quarter. AXA S.A. now owns 56,700 shares of the financial services provider’s stock valued at $6,092,000 after purchasing an additional 11,630 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Prudential Financial by 15.1% in the second quarter. NewEdge Advisors LLC now owns 37,277 shares of the financial services provider’s stock worth $4,005,000 after acquiring an additional 4,895 shares during the period. Institutional investors own 56.83% of the company’s stock.

Prudential Financial Stock Down 2.7%

Shares of NYSE PRU opened at $120.16 on Thursday. Prudential Financial, Inc. has a 1 year low of $91.89 and a 1 year high of $127.72. The company has a market capitalization of $41.69 billion, a P/E ratio of 10.88, a P/E/G ratio of 2.43 and a beta of 0.84. The company has a 50 day simple moving average of $112.03 and a 200-day simple moving average of $104.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.16.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.56. Prudential Financial had a return on equity of 16.60% and a net margin of 6.51%.The company had revenue of $14.15 billion during the quarter, compared to analyst estimates of $14.36 billion. During the same period in the prior year, the business posted $3.58 earnings per share. On average, equities research analysts predict that Prudential Financial, Inc. will post 13.86 earnings per share for the current year.

Prudential Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, May 26th were issued a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 4.7%. The ex-dividend date was Tuesday, May 26th. Prudential Financial’s payout ratio is 57.61%.

Key Prudential Financial News

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

• Positive Sentiment: Prudential reported second-quarter adjusted operating earnings of $4.08 per share, well above the $3.47–$3.52 analyst consensus and up from $3.58 a year earlier. Results benefited from stronger performance at PGIM and International Businesses, higher investment income, and record Group Insurance results. PRU Q2 Earnings Beat Estimates on PGIM and International Strength
• Positive Sentiment: Net income rose to $985 million from $533 million a year earlier. Total assets under management reached $1.642 trillion, while PGIM assets under management increased 4% year over year to $1.491 trillion. Prudential also returned $743 million to shareholders through dividends and share repurchases. Prudential Financial Announces Second Quarter 2026 Results
• Neutral Sentiment: Revenue of approximately $14.15 billion was slightly below the $14.36 billion consensus estimate, although other reported metrics generally showed resilient underwriting and operating performance. Management’s earnings call provided additional detail on business trends and capital deployment. Prudential Financial Q2 2026 Earnings Call Transcript
• Negative Sentiment: Chinese mainland tax authorities reportedly began applying personal income tax to returns from offshore insurance policies. Investors fear the move could reduce demand for Hong Kong insurance products and pressure Prudential’s regional growth, contributing to a sharp decline in the shares. Prudential slides after report on China offshore insurance tax
• Negative Sentiment: Investors are also weighing approximately $20 million to $40 million of weaker-than-expected alternative investment income, a roughly $90 million negative actuarial-review impact in Retirement, and the previously disclosed $525 million to $575 million reduction in 2026 pretax operating income from the suspension of new sales at Prudential of Japan. Prudential Falls as Investors Weigh Soft Q2 Signals and Japan Pressure

Insider Buying and Selling

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $24.75, for a total transaction of $5,314,963.50. Following the completion of the transaction, the insider owned 7,973,657 shares of the company’s stock, valued at $197,348,010.75. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.05% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PRU shares. Weiss Ratings upgraded shares of Prudential Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Barclays raised their target price on Prudential Financial from $90.00 to $92.00 and gave the company an “underweight” rating in a research report on Tuesday, July 7th. Wells Fargo & Company raised their price objective on Prudential Financial from $100.00 to $103.00 and gave the company an “underweight” rating in a report on Thursday, July 9th. Morgan Stanley reaffirmed an “underweight” rating and set a $92.00 target price (down from $106.00) on shares of Prudential Financial in a report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Prudential Financial currently has an average rating of “Reduce” and a consensus target price of $105.46.

Prudential Financial Company 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.