Radnor Capital Management LLC Has $1.58 Million Stake in Prudential Financial, Inc. (NYSE:PRU)

Radnor Capital Management LLC reduced its holdings in Prudential Financial, Inc. (NYSE:PRU) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,308 shares of the financial services provider’s stock after selling 816 shares during the period. Radnor Capital Management LLC’s holdings in Prudential Financial were worth $1,577,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PRU. Parallel Advisors LLC boosted its position in shares of Prudential Financial by 35.1% in the 2nd quarter. Parallel Advisors LLC now owns 5,279 shares of the financial services provider’s stock worth $619,000 after purchasing an additional 1,372 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in Prudential Financial by 90.7% in the second quarter. Citizens Financial Group Inc. RI now owns 4,111 shares of the financial services provider’s stock valued at $482,000 after buying an additional 1,955 shares during the period. Edgestream Partners L.P. bought a new position in Prudential Financial during the second quarter worth about $258,000. Meiji Yasuda Life Insurance Co acquired a new position in shares of Prudential Financial during the 2nd quarter worth about $857,000. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Prudential Financial by 0.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 34,074 shares of the financial services provider’s stock valued at $3,993,000 after acquiring an additional 291 shares during the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Insurance Co Of Ame Prudential purchased 537,249 shares of the business’s stock in a transaction on Monday, November 25th. The stock was purchased at an average price of $27.92 per share, for a total transaction of $14,999,992.08. Following the completion of the purchase, the insider now directly owns 4,780,293 shares in the company, valued at $133,465,780.56. The trade was a 12.66 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Prudential Financial Stock Up 1.2 %

Shares of Prudential Financial stock opened at $117.66 on Wednesday. Prudential Financial, Inc. has a 52-week low of $100.60 and a 52-week high of $130.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.14 and a current ratio of 0.14. The business’s 50 day simple moving average is $122.38 and its 200 day simple moving average is $120.67. The firm has a market cap of $41.89 billion, a PE ratio of 10.46, a P/E/G ratio of 0.87 and a beta of 1.31.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.01. The business had revenue of $19.48 billion for the quarter, compared to analyst estimates of $14.57 billion. Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. During the same quarter in the previous year, the firm posted $3.44 earnings per share. On average, analysts predict that Prudential Financial, Inc. will post 13.35 earnings per share for the current fiscal year.

Prudential Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, November 19th were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Tuesday, November 19th. Prudential Financial’s dividend payout ratio is currently 46.22%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Barclays boosted their price objective on shares of Prudential Financial from $119.00 to $129.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Wells Fargo & Company decreased their price target on shares of Prudential Financial from $117.00 to $115.00 and set an “equal weight” rating for the company in a report on Tuesday. TD Cowen upped their price objective on shares of Prudential Financial from $130.00 to $133.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. Evercore ISI upgraded Prudential Financial from an “underperform” rating to an “inline” rating and lifted their target price for the stock from $117.00 to $140.00 in a report on Thursday, November 14th. Finally, Piper Sandler increased their price target on Prudential Financial from $121.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Eleven research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Prudential Financial presently has an average rating of “Hold” and a consensus price target of $127.00.

Prudential Financial 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.