Eurizon Capital SGR S.p.A. Takes Position in Prudential Financial, Inc. $PRU

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Prudential Financial, Inc. (NYSE:PRU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 335,825 shares of the financial services provider’s stock, valued at approximately $37,912,000.

Several other institutional investors have also bought and sold shares of the stock. Hillsdale Investment Management Inc. acquired a new stake in Prudential Financial in the fourth quarter worth about $90,000. National Pension Service lifted its holdings in Prudential Financial by 6.4% in the fourth quarter. National Pension Service now owns 606,130 shares of the financial services provider’s stock worth $68,420,000 after purchasing an additional 36,452 shares during the period. Basepoint Wealth LLC acquired a new stake in Prudential Financial in the fourth quarter worth about $30,000. Rothschild Investment LLC lifted its holdings in Prudential Financial by 116.2% in the fourth quarter. Rothschild Investment LLC now owns 1,295 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 696 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Prudential Financial by 11.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 47,322 shares of the financial services provider’s stock worth $5,342,000 after purchasing an additional 4,963 shares during the period. Institutional investors and hedge funds own 56.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Piper Sandler upped their price objective on shares of Prudential Financial from $99.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. BMO Capital Markets dropped their price target on shares of Prudential Financial from $91.00 to $87.00 and set an “underperform” rating on the stock in a research report on Thursday, April 23rd. UBS Group dropped their price target on shares of Prudential Financial from $105.00 to $98.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Zacks Research cut shares of Prudential Financial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Finally, Mizuho boosted their price target on shares of Prudential Financial from $96.00 to $101.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Nine research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $101.50.

Prudential Financial Price Performance

Shares of Prudential Financial stock opened at $100.61 on Friday. The company’s 50-day moving average price is $98.69 and its two-hundred day moving average price is $104.47. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.58. The stock has a market cap of $34.91 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.83 and a beta of 0.86. Prudential Financial, Inc. has a 52 week low of $91.89 and a 52 week high of $119.76.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.52. The firm had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $14.10 billion. Prudential Financial had a return on equity of 16.33% and a net margin of 5.83%.During the same quarter in the previous year, the company earned $3.29 EPS. As a group, sell-side analysts anticipate that Prudential Financial, Inc. will post 13.75 EPS for the current fiscal year.

Prudential Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 5.6%. The ex-dividend date is Tuesday, May 26th. Prudential Financial’s payout ratio is presently 57.61%.

Prudential Financial Company Profile

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.