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Friday, September 29, 2023

Insights Into Prudential Financial Inc. (PRU) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Prudential Financial Inc. (PRU) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $95.09. The Prudential Financial Inc. has recorded 83,920 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Agam Capital Advises PFI in Its Formation and Launch of Prismic Life Reinsurance, Ltd..

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Stocks Info

Prudential Financial Inc. is listed on the NYSE in the Financial sector while operating in the Insurance – Life industry. At the end of the last regular session, the stock closed at $95.09 and fluctuated between $95.88 as its day high and $94.00 as its day low. The current market capitalization of Prudential Financial Inc. is $34.22B. A total of 1.3 million shares were traded on the day, compared to an average of 1.67M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PRU has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 42 BUYs and 48 SELLs from insiders. Insiders purchased 251,703 shares during that period but sold 145,580.

In the most recent transaction, PGIM Strategic Investments, In bought 763 shares of PRU for 26.20 per share on Jul 14. After the transaction, the 10% Owner now owns 382 company shares. In a previous transaction on Mar 03, SULLIVAN ANDREW F sold 4,126 shares at 99.20 per share. PRU shares that Executive Vice President owns now total 12,241.

Among the insiders who sold shares, SULLIVAN ANDREW F disposed of 11,405 shares on Feb 17 at a per-share price of $100.95. This resulted in the Executive Vice President holding 12,300 shares of PRU after the transaction. In another insider transaction, SCHMIDT TIMOTHY L sold 2,000 shares at $103.55 per share on Dec 14. Company shares held by the Senior Vice President now total 16,198.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Prudential Financial Inc. pays an annual dividend of $5.00, resulting in a dividend yield of 5.26%, and it has a price to earnings (P/E) ratio of 31.79. PRU’s most recent ex-dividend date was 8/21/2023 when it declared a $1.25 quarterly dividend that was paid in cash on 9/14/2023. Previously, the company paid the dividend on 6/15/2023 with an ex-dividend date of 5/22/2023. The PRU stock dividend was $1.25 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PRU in the last 3 months, the mean price target is $99.43 with high estimates of $125.00 and low estimates of $70.00. In terms of 52-week highs and lows, PRU has a high of $110.96 and a low of $75.37.

As of this writing, PRU has an earnings estimate of $3.22 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $3.32 per share and a lower estimate of $2.95. The company reported an EPS of $2.66 in the last quarter, which was -9.20% lower than expectations of $2.93.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. PRU’s latest balance sheet shows that the firm has $391.93B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $77.94, while its Total Shareholder’s Equity was $62.61B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PRU is Buy with a score of 2.92.

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