Prudential Financial Inc. (NYSE: PRU): Is It A Buying Opportunity Again?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that PGIM launches three Retirement Spending Funds for personalized spending goals.

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Stocks Info

PRU belongs to the Financial sector of the NYSE while operating in the Insurance – Life industry. The current market capitalization of Prudential Financial Inc. is $41.96B. A total of 1.13 million shares were traded on the day, compared to an average of 1.56M shares.

In the most recent transaction, SULLIVAN ANDREW F sold 7,685 shares of PRU for 111.57 per share on Mar 12 ’24. After the transaction, the Executive Vice President now owns 13,691 company shares. In a previous transaction on Mar 12 ’24, Axel Robert sold 6,436 shares at 111.86 per share. PRU shares that SVP and Controller owns now total 7,901.

Among the insiders who sold shares, Feeney Caroline disposed of 11,197 shares on Mar 11 ’24 at a per-share price of $110.53. This resulted in the Executive Vice President holding 11,285 shares of PRU after the transaction. In another insider transaction, KAPPLER ANN M sold 10,067 shares at $110.42 per share on Mar 11 ’24. Company shares held by the EVP and General Counsel now total 17,374.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Prudential Financial Inc. pays an annual dividend of $5.05, resulting in a dividend yield of 4.32%, and it has a price to earnings (P/E) ratio of 17.37. PRU’s most recent ex-dividend date was 2/16/2024 when it declared a $1.30 quarterly dividend that was paid in cash on 3/14/2024. Previously, the company paid the dividend on 12/14/2023 with an ex-dividend date of 11/20/2023. The PRU stock dividend was $1.25 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PRU has a high of $117.92 and a low of $77.22.

As of this writing, PRU has an earnings estimate of $3.27 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $3.38 per share and a lower estimate of $3.02. The company reported an EPS of $3.44 in the last quarter, which was 9.90% higher than expectations of $3.13.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $77.45, while its Total Shareholder’s Equity was $62.61B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 2.60.

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