Prudential Financial (NYSE:PRU) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Prudential Financial (NYSE:PRU) had its price objective reduced by JPMorgan Chase & Co. from $127.00 to $124.00 in a research report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other equities research analysts have also commented on the stock. Barclays dropped their price objective on shares of Prudential Financial from $96.00 to $94.00 and set an “underweight” rating on the stock in a research note on Monday, October 19th. Wells Fargo & Company reduced their price objective on Prudential Financial from $110.00 to $104.00 and set an “underweight” rating for the company in a research report on Monday, October 12th. Weiss Ratings lowered Prudential Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Wall Street Zen lowered Prudential Financial from a “buy” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Piper Sandler dropped their price target on shares of Prudential Financial from $128.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $111.33.

Prudential Financial Trading Down 2.7%

PRU opened at $115.02 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.62. Prudential Financial has a 52 week low of $91.89 and a 52 week high of $127.72. The stock has a market cap of $39.68 billion, a PE ratio of 10.42, a PEG ratio of 1.75 and a beta of 0.85. The business has a 50 day moving average of $117.65 and a 200-day moving average of $111.42.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.52 by $0.56. The company had revenue of $14.15 billion for the quarter, compared to analysts’ expectations of $14.36 billion. Prudential Financial had a return on equity of 16.68% and a net margin of 6.51%. During the same period in the prior year, the firm earned $3.58 earnings per share. Equities research analysts predict that Prudential Financial will post 13.53 earnings per share for the current fiscal year.

Prudential Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, August 25th were given a dividend of $1.40 per share. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $5.60 annualized dividend and a dividend yield of 4.9%. Prudential Financial’s dividend payout ratio (DPR) is 50.72%.

Insider Activity

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $24.75, for a total transaction of $5,314,963.50. Following the transaction, the insider owned 7,973,657 shares in the company, valued at approximately $197,348,010.75. This represents a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ann M. Kappler sold 7,652 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $125.01, for a total transaction of $956,576.52. Following the sale, the executive vice president directly owned 14,407 shares in the company, valued at approximately $1,801,019.07. The trade was a 34.69% decrease in their position. The SEC filing for this sale provides additional information. 0.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Orca Investment Management LLC purchased a new position in shares of Prudential Financial during the 2nd quarter worth $2,605,000. Jones Financial Companies Lllp lifted its position in Prudential Financial by 21.3% during the second quarter. Jones Financial Companies Lllp now owns 58,436 shares of the financial services provider’s stock valued at $6,325,000 after purchasing an additional 10,257 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Prudential Financial by 379.8% during the second quarter. Assenagon Asset Management S.A. now owns 619,701 shares of the financial services provider’s stock valued at $66,884,000 after purchasing an additional 490,553 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Prudential Financial by 2.7% during the second quarter. Envestnet Asset Management Inc. now owns 739,294 shares of the financial services provider’s stock valued at $79,792,000 after purchasing an additional 19,451 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in Prudential Financial by 32.4% during the second quarter. Allianz Asset Management GmbH now owns 28,105 shares of the financial services provider’s stock valued at $3,033,000 after purchasing an additional 6,877 shares during the period. 56.83% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Prudential Financial

Here are the key news stories impacting Prudential Financial this week:

• Positive Sentiment: Prudential Financial expanded its distribution reach through a partnership with SoFi, which plans to offer Prudential life-insurance products to its approximately 15 million members. The agreement could support longer-term customer acquisition and premium growth. SoFi and Prudential Financial team up to expand access to life insurance
• Neutral Sentiment: JPMorgan lowered its price target from $127 to $124 and maintained a neutral rating. Although the revised target still implies potential upside from the current trading level, the reduction signals more cautious expectations. JPMorgan analyst recommendations
• Neutral Sentiment: Prudential Life Assurance Kenya agents were encouraged to help households manage financial uncertainty and build wealth. The initiative supports the company’s broader insurance mission but appears unlikely to materially affect near-term earnings. Prudential agents challenged to help families build and protect wealth
• Negative Sentiment: Deutsche Bank cut its price target from $105 to $102 and assigned a hold rating, implying downside relative to the current level. Deutsche Bank analyst recommendations
• Negative Sentiment: Dowling & Partners reduced its FY2026 EPS forecast to $13.70 from $14.65, below the $14.37 consensus estimate. It also cut its FY2027 forecast to $13.80 from $14.60 and its FY2028 forecast to $15.30 from $16.15, pointing to weaker expected profit growth.
• Negative Sentiment: Analysts expect Prudential Financial’s upcoming third-quarter report to show a double-digit decline in earnings, increasing pressure on the stock ahead of the results. What to expect from Prudential Financial’s next earnings report

About Prudential Financial

Prudential Financial, Inc (NYSE: PRU) is a global financial services company that provides insurance, retirement, investment management and related financial products. Founded in Newark, New Jersey, in 1875, the company serves individuals, businesses and institutional investors through a range of businesses and distribution channels.

In the United States, Prudential offers life insurance, annuities, retirement plans and employee benefits, including group life, disability and dental insurance.