Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Prudential Financial (NYSE:PRU) Stock Price

Prudential Financial (NYSE:PRU) had its price target reduced by equities researchers at Deutsche Bank Aktiengesellschaft from $105.00 to $102.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft‘s target price suggests a potential downside of 11.32% from the stock’s previous close.

Other research analysts have also issued reports about the company. Wells Fargo & Company decreased their price objective on Prudential Financial from $110.00 to $104.00 and set an “underweight” rating on the stock in a research report on Monday, October 12th. Jefferies Financial Group upped their price target on Prudential Financial from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Friday, July 10th. Weiss Ratings lowered Prudential Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, October 14th. Barclays decreased their price target on Prudential Financial from $96.00 to $94.00 and set an “underweight” rating on the stock in a report on Monday. Finally, Mizuho set a $108.00 price objective on Prudential Financial in a research report 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 company. According to MarketBeat, Prudential Financial has a consensus rating of “Reduce” and an average target price of $111.33.

Prudential Financial Price Performance

Shares of PRU traded down $3.15 during mid-day trading on Friday, hitting $115.02. 2,012,425 shares of the company traded hands, compared to its average volume of 2,013,463. Prudential Financial has a one year low of $91.89 and a one year high of $127.72. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $117.85 and a 200 day moving average of $111.39. The stock has a market capitalization of $39.68 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 1.73 and a beta of 0.85.

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, beating analysts’ consensus estimates of $3.52 by $0.56. Prudential Financial had a net margin of 6.51% and a return on equity of 16.68%. The business had revenue of $14.15 billion during the quarter, compared to analyst estimates of $14.36 billion. During the same quarter last year, the business posted $3.58 earnings per share. As a group, equities analysts expect that Prudential Financial will post 14.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the company’s stock in a transaction on 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 completion of the sale, the insider owned 7,973,657 shares in the company, valued at approximately $197,348,010.75. The trade was a 2.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ann Kappler sold 7,652 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $125.01, for a total value of $956,576.52. Following the completion of the transaction, the executive vice president directly owned 14,407 shares in the company, valued at approximately $1,801,019.07. This trade represents 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 insiders.

Hedge Funds Weigh In On Prudential Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orca Investment Management LLC bought a new stake in shares of Prudential Financial in the 2nd quarter valued at $2,605,000. Jones Financial Companies Lllp lifted its holdings 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 worth $6,325,000 after acquiring an additional 10,257 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Prudential Financial by 379.8% in 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 acquiring an additional 490,553 shares during the period. Envestnet Asset Management Inc. grew its stake in Prudential Financial by 2.7% in 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 acquiring an additional 19,451 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in shares of Prudential Financial by 32.4% in the second quarter. Allianz Asset Management GmbH now owns 28,105 shares of the financial services provider’s stock worth $3,033,000 after acquiring an additional 6,877 shares in the last quarter. Institutional investors own 56.83% of the company’s stock.

More Prudential Financial News

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

• Positive Sentiment: Prudential Financial is partnering with SoFi to make life-insurance products available through SoFi’s app, which reaches approximately 15 million members. The agreement could expand Prudential’s digital distribution and customer acquisition opportunities. SoFi and Prudential Financial team up to expand access to life insurance
• Neutral Sentiment: Prudential reportedly agreed to sell its Brazil and Mexico businesses for about $4 billion as part of a broader international-market exit. The transaction could provide capital and simplify the company, although investors may weigh the loss of future growth in those markets. Newark’s Prudential Sells Brazil, Mexico Units for $4 Billion in Market Exit Push
• Negative Sentiment: Analysts expect Prudential’s upcoming third-quarter earnings report to show a double-digit year-over-year decline in bottom-line results, raising concern about near-term earnings momentum. Here’s What to Expect From Prudential Financial’s Next Earnings Report
• Negative Sentiment: DOWLING & PARTN reduced its EPS forecasts for fiscal 2026, 2027 and 2028 to $13.70, $13.80 and $15.30, respectively, from $14.65, $14.60 and $16.15. The cuts indicate expectations for slower profit growth than previously projected.
• Negative Sentiment: JPMorgan lowered its price target from $127 to $124 and retained a “neutral” rating. TD Cowen also cut its target, adding to evidence of more cautious analyst sentiment. JPMorgan lowers Prudential Financial price target

Prudential Financial Company Profile

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.