Prudential Financial (PRU) Earns News Sentiment Rating of 0.21

Media headlines about Prudential Financial (NYSE:PRU) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Prudential Financial earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.390339456783 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Prudential Financial (NYSE PRU) traded up 0.01% during mid-day trading on Wednesday, reaching $110.01. 1,484,329 shares of the company were exchanged. The company has a market capitalization of $46.97 billion, a price-to-earnings ratio of 12.28 and a beta of 1.51. Prudential Financial has a 1-year low of $82.45 and a 1-year high of $115.26. The company has a 50 day moving average of $104.29 and a 200-day moving average of $106.64.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.61). The firm had revenue of $13.03 billion during the quarter, compared to analyst estimates of $12.45 billion. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. During the same quarter in the previous year, the firm earned $1.84 earnings per share. On average, equities research analysts forecast that Prudential Financial will post $10.14 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Tuesday, August 22nd were issued a $0.75 dividend. The ex-dividend date was Friday, August 18th. This represents a $3.00 annualized dividend and a yield of 2.73%. Prudential Financial’s payout ratio is 33.63%.

Several research analysts have commented on PRU shares. Royal Bank Of Canada reissued a “hold” rating and set a $117.00 price objective on shares of Prudential Financial in a report on Wednesday, September 6th. BidaskClub downgraded shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a report on Thursday, August 3rd. Morgan Stanley increased their price target on shares of Prudential Financial from $118.00 to $123.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Finally, FBR & Co raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and lowered their price target for the company from $117.00 to $100.00 in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $114.30.

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In other news, insider Nicholas C. Silitch sold 14,897 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total value of $1,638,670.00. Following the sale, the insider now directly owns 21,274 shares of the company’s stock, valued at approximately $2,340,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Pelletier sold 4,133 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $112.18, for a total transaction of $463,639.94. Following the completion of the sale, the insider now directly owns 10,924 shares in the company, valued at $1,225,454.32. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

Prudential Financial Company Profile

Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.

Insider Buying and Selling by Quarter for Prudential Financial (NYSE:PRU)

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