14,124 Shares in Prudential Financial, Inc. (NYSE:PRU) Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC purchased a new stake in shares of Prudential Financial, Inc. (NYSE:PRU) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,124 shares of the financial services provider’s stock, valued at approximately $1,710,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PRU. Catalina Capital Group LLC lifted its holdings in shares of Prudential Financial by 23.0% during the third quarter. Catalina Capital Group LLC now owns 2,681 shares of the financial services provider’s stock valued at $325,000 after acquiring an additional 501 shares during the period. Avidian Wealth Enterprises LLC increased its stake in shares of Prudential Financial by 1.2% in the third quarter. Avidian Wealth Enterprises LLC now owns 7,357 shares of the financial services provider’s stock valued at $891,000 after buying an additional 89 shares in the last quarter. Austin Private Wealth LLC increased its stake in shares of Prudential Financial by 4.5% in the third quarter. Austin Private Wealth LLC now owns 3,187 shares of the financial services provider’s stock valued at $386,000 after buying an additional 137 shares in the last quarter. Clarity Financial LLC increased its position in Prudential Financial by 6.4% in the third quarter. Clarity Financial LLC now owns 4,992 shares of the financial services provider’s stock worth $605,000 after purchasing an additional 300 shares during the period. Finally, Greenwood Capital Associates LLC increased its position in Prudential Financial by 1.2% in the third quarter. Greenwood Capital Associates LLC now owns 15,468 shares of the financial services provider’s stock worth $1,873,000 after purchasing an additional 176 shares during the period. Institutional investors and hedge funds own 56.83% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Insurance Co Of Ame Prudential purchased 261,059 shares of Prudential Financial stock in a transaction dated Tuesday, October 8th. The stock was bought at an average cost of $27.58 per share, for a total transaction of $7,200,007.22. Following the completion of the transaction, the insider now owns 4,208,549 shares in the company, valued at $116,071,781.42. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Caroline Feeney sold 1,110 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $119.97, for a total value of $133,166.70. Following the completion of the sale, the executive vice president now owns 10,175 shares of the company’s stock, valued at approximately $1,220,694.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Insurance Co Of Ame Prudential purchased 261,059 shares of Prudential Financial stock in a transaction that occurred on Tuesday, October 8th. The shares were acquired at an average price of $27.58 per share, for a total transaction of $7,200,007.22. Following the acquisition, the insider now owns 4,208,549 shares in the company, valued at $116,071,781.42. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on PRU. Barclays boosted their target price on Prudential Financial from $118.00 to $119.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. TD Cowen began coverage on Prudential Financial in a report on Wednesday, October 9th. They issued a “hold” rating and a $130.00 price objective on the stock. UBS Group upped 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. Morgan Stanley cut their target price on Prudential Financial from $123.00 to $122.00 and set an “equal weight” rating for the company in a research report on Monday, August 19th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $121.00 target price on shares of Prudential Financial in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Prudential Financial presently has a consensus rating of “Hold” and an average target price of $123.85.

Prudential Financial Stock Down 0.4 %

Shares of NYSE:PRU opened at $120.18 on Wednesday. The business’s 50 day simple moving average is $121.20 and its two-hundred day simple moving average is $118.55. The firm has a market cap of $42.78 billion, a P/E ratio of 10.68, a PEG ratio of 0.86 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.14 and a current ratio of 0.14. Prudential Financial, Inc. has a 52-week low of $89.90 and a 52-week high of $128.52.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.01. The company had revenue of $19.48 billion for the quarter, compared to analyst estimates of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same quarter last year, the company earned $3.44 earnings per share. As a group, research analysts forecast that Prudential Financial, Inc. will post 13.32 EPS for the current fiscal year.

Prudential Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.33%. Prudential Financial’s dividend payout ratio is currently 46.22%.

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 PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.