Ann M. Kappler Sells 2,839 Shares of Prudential Financial, Inc. (NYSE:PRU) Stock

Prudential Financial, Inc. (NYSE:PRU) EVP Ann M. Kappler sold 2,839 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $113.43, for a total value of $322,027.77. Following the sale, the executive vice president now owns 14,535 shares of the company’s stock, valued at $1,648,705.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Prudential Financial Stock Up 0.7 %

Shares of Prudential Financial stock traded up $0.83 during trading hours on Thursday, hitting $115.18. 580,829 shares of the company’s stock traded hands, compared to its average volume of 1,505,341. The stock has a 50 day simple moving average of $117.69 and a 200-day simple moving average of $114.69. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.65. The company has a market cap of $41.12 billion, a PE ratio of 19.52, a PEG ratio of 0.89 and a beta of 1.34. Prudential Financial, Inc. has a twelve month low of $87.95 and a twelve month high of $128.52.

Prudential Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Tuesday, August 20th will be paid a dividend of $1.30 per share. The ex-dividend date is Tuesday, August 20th. This represents a $5.20 annualized dividend and a dividend yield of 4.51%. Prudential Financial’s dividend payout ratio is presently 88.44%.

Analysts Set New Price Targets

PRU has been the topic of several analyst reports. Argus raised Prudential Financial to a “strong-buy” rating in a research report on Thursday, August 8th. UBS Group increased their price objective on Prudential Financial from $112.00 to $119.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Piper Sandler dropped their target price on Prudential Financial from $125.00 to $121.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Citigroup raised their target price on Prudential Financial from $104.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. raised their target price on Prudential Financial from $118.00 to $128.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $119.33.

Hedge Funds Weigh In On Prudential Financial

Several large investors have recently modified their holdings of the stock. 3Chopt Investment Partners LLC bought a new position in shares of Prudential Financial during the second quarter worth about $281,000. SPC Financial Inc. lifted its holdings in Prudential Financial by 2.7% in the second quarter. SPC Financial Inc. now owns 3,802 shares of the financial services provider’s stock worth $446,000 after acquiring an additional 100 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in Prudential Financial by 1.3% in the second quarter. Pathway Financial Advisers LLC now owns 8,639 shares of the financial services provider’s stock worth $1,010,000 after acquiring an additional 108 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in Prudential Financial by 17.9% in the second quarter. EP Wealth Advisors LLC now owns 6,339 shares of the financial services provider’s stock worth $743,000 after acquiring an additional 963 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in shares of Prudential Financial by 30.6% during the second quarter. Sunbelt Securities Inc. now owns 16,228 shares of the financial services provider’s stock valued at $1,902,000 after buying an additional 3,804 shares during the last quarter. Institutional investors own 56.83% of the company’s stock.

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.