Prudential Financial, Inc. (PRU) EVP Charles F. Lowrey Sells 44,630 Shares

Prudential Financial, Inc. (NYSE:PRU) EVP Charles F. Lowrey sold 44,630 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $111.91, for a total value of $4,994,543.30. Following the transaction, the executive vice president now directly owns 79,354 shares of the company’s stock, valued at $8,880,506.14. The sale was disclosed in a filing with the SEC, which is available at this link.

Prudential Financial, Inc. (NYSE PRU) opened at $110.44 on Tuesday. Prudential Financial, Inc. has a fifty-two week low of $95.95 and a fifty-two week high of $115.26. The firm has a market capitalization of $46,945.28, a price-to-earnings ratio of 10.70, a P/E/G ratio of 1.25 and a beta of 1.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.13 and a quick ratio of 0.13.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.71 by $0.30. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. The firm had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $12.24 billion. During the same quarter last year, the firm earned $2.66 earnings per share. equities analysts forecast that Prudential Financial, Inc. will post 10.38 EPS for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the stock. Green Square Capital LLC boosted its holdings in Prudential Financial by 0.3% in the second quarter. Green Square Capital LLC now owns 2,065 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 7 shares during the last quarter. Hudock Capital Group LLC increased its position in shares of Prudential Financial by 0.7% during the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 8 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Prudential Financial by 0.9% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,018 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 18 shares during the last quarter. Trust Co increased its position in shares of Prudential Financial by 1.0% during the first quarter. Trust Co now owns 2,024 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 20 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its position in shares of Prudential Financial by 1.6% during the second quarter. Capital Investment Advisors LLC now owns 2,454 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 64.48% of the company’s stock.

Several equities analysts recently weighed in on PRU shares. BidaskClub raised Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. Citigroup Inc. raised Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Tuesday, October 17th. Zacks Investment Research raised Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Tuesday, October 10th. Finally, FBR & Co raised Prudential Financial from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $117.00 to $100.00 in a research note on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $115.13.

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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