Prudential Financial, Inc. (NYSE:PRU – Get Rating) major shareholder Prudential Financial Inc bought 285,715 shares of the business’s stock in a transaction on Thursday, November 17th. The shares were acquired at an average cost of $35.00 per share, for a total transaction of $10,000,025.00. Following the transaction, the insider now directly owns 285,715 shares in the company, valued at approximately $10,000,025. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Prudential Financial Stock Performance
Shares of NYSE PRU opened at $106.98 on Tuesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.16. Prudential Financial, Inc. has a 12 month low of $85.46 and a 12 month high of $124.22. The company has a 50 day simple moving average of $97.59 and a two-hundred day simple moving average of $98.39. The stock has a market cap of $39.80 billion, a price-to-earnings ratio of 148.58 and a beta of 1.43.
Prudential Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 22nd will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 4.49%. The ex-dividend date is Monday, November 21st. Prudential Financial’s payout ratio is 666.67%.
Institutional Trading of Prudential Financial
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on PRU. Barclays cut their price objective on shares of Prudential Financial from $95.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Friday, October 14th. Royal Bank of Canada lifted their price objective on shares of Prudential Financial from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 3rd. StockNews.com raised shares of Prudential Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Credit Suisse Group cut their price objective on shares of Prudential Financial to $102.00 in a research report on Thursday, September 29th. Finally, Evercore ISI cut their price objective on shares of Prudential Financial to $90.00 in a research report on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $103.54.
About Prudential Financial
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 eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block.
- Get a free copy of the StockNews.com research report on Prudential Financial (PRU)
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