Prudential Financial (NYSE:PRU) Given New $90.00 Price Target at Barclays

Prudential Financial (NYSE:PRU) had its target price raised by research analysts at Barclays from $89.00 to $90.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the financial services provider’s stock. Barclays‘s target price would suggest a potential downside of 8.78% from the company’s current price.

Several other research firms have also issued reports on PRU. Wells Fargo & Company reduced their price target on Prudential Financial from $95.00 to $93.00 and set an “underweight” rating on the stock in a research report on Tuesday. Jefferies Financial Group cut Prudential Financial from a “buy” rating to a “hold” rating and reduced their target price for the stock from $124.00 to $98.00 in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods lowered their price target on Prudential Financial from $104.00 to $100.00 and set a “market perform” rating for the company in a research note on Thursday, April 23rd. Wall Street Zen lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Prudential Financial from $133.00 to $127.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Nine investment analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $99.92.

Prudential Financial Trading Down 1.6%

Shares of NYSE:PRU traded down $1.61 during trading on Wednesday, hitting $98.66. 998,959 shares of the company’s stock were exchanged, compared to its average volume of 2,333,306. 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 firm has a market cap of $34.32 billion, a P/E ratio of 9.97, a PEG ratio of 1.77 and a beta of 0.86. The firm has a 50-day moving average price of $96.91 and a two-hundred day moving average price of $104.57. Prudential Financial has a 1-year low of $91.89 and a 1-year high of $119.76.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.52. The firm had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $14.10 billion. Prudential Financial had a net margin of 6.20% and a return on equity of 16.32%. During the same period last year, the firm earned $3.29 earnings per share. Equities analysts predict that Prudential Financial will post 13.66 earnings per share for the current year.

Insider Buying and Selling at Prudential Financial

In related news, EVP Jacques Chappuis purchased 1,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was purchased at an average cost of $100.97 per share, for a total transaction of $100,970.00. Following the completion of the purchase, the executive vice president directly owned 1,000 shares in the company, valued at $100,970. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph J. Wolk acquired 400 shares of the stock in a transaction on Wednesday, February 11th. The shares were bought at an average price of $105.32 per share, for a total transaction of $42,128.00. Following the purchase, the director owned 400 shares in the company, valued at approximately $42,128. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 1,650 shares of company stock valued at $168,841. 0.05% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PRU. Bessemer Group Inc. grew its stake in shares of Prudential Financial by 8.3% during the first quarter. Bessemer Group Inc. now owns 876,664 shares of the financial services provider’s stock worth $85,641,000 after buying an additional 67,014 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in shares of Prudential Financial in the 1st quarter valued at about $787,000. Allspring Global Investments Holdings LLC raised its position in shares of Prudential Financial by 3.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 18,657 shares of the financial services provider’s stock worth $1,828,000 after acquiring an additional 636 shares during the last quarter. Independent Financial Group LLC bought a new stake in Prudential Financial in the first quarter valued at approximately $398,000. Finally, Wealthfront Advisers LLC raised its holdings in Prudential Financial by 22.8% during the 1st quarter. Wealthfront Advisers LLC now owns 99,168 shares of the financial services provider’s stock worth $9,688,000 after purchasing an additional 18,389 shares during the last quarter. 56.83% of the stock is currently owned by institutional investors and hedge funds.

Prudential Financial News Summary

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

• Positive Sentiment: Q1 beat on both EPS and revenue — non?GAAP EPS of $3.61 topped consensus and revenue rose to $15.23B, driven in part by strong PGIM investment performance; adjusted operating income increased to $1.278B and book value per share improved, giving fundamental support to earnings and capital metrics. Business Wire: Q1 Results
• Positive Sentiment: Coverage and writeups highlight the beat and resilient operations — multiple outlets note the company delivered upside to estimates and that PGIM’s investment results were a key driver of the quarter. Yahoo: Tops Q1 Earnings
• Neutral Sentiment: Analysts and commentators call the quarter “solid” but caveat that Japan-related issues complicate the outlook — coverage summarizes results and frames the quarter as mixed given regulatory overhang. Seeking Alpha: Solid Q1 Despite Japan Challenges
• Neutral Sentiment: Detail pieces and metrics comparisons (Zacks, TipRanks) provide context on margins, ROE and how this quarter stacks up vs. estimates and year-ago results — useful for modeling but not new catalyst news. Zacks: Key Metrics
• Negative Sentiment: Regulatory and Japan business risk: Prudential reported a drop in net income and faces an investigation into its Japanese subsidiary; sales were suspended in Japan, a development cited as causing a reported 15.6% profit decline in some coverage — this ongoing uncertainty is the main negative driver for the stock. Life Insurance International: Profit Falls After Japan Suspension
• Negative Sentiment: Analyst downgrades and price?target cuts (Morgan Stanley, Wells Fargo and others) highlight valuation pressure tied to the Japan probe; those downgrades have intensified selling pressure despite the quarter’s topline/earnings beat. American Banking News: Morgan Stanley Downgrade

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.