Headlines about Prudential Financial (NYSE:PRU) have trended positive this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Prudential Financial earned a news impact score of 2.10 on their scale. InfoTrie also assigned news headlines about the financial services provider an news buzz score of 5 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have impacted Prudential Financial’s ranking:
- A Look At Prudential Financial Inc’s (NYSE:PRU) Exceptional Fundamentals (finance.yahoo.com)
- Pricoa Capital Group provides Yorkshire Water with £100 million private placement financing (finance.yahoo.com)
- Prudential Financial Inc (PRU) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Prudential Financial (PRU) Receiving Somewhat Positive Press Coverage, Report Shows (americanbankingnews.com)
PRU has been the topic of several research reports. Zacks Investment Research upgraded Prudential Financial from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Monday, October 8th. UBS Group boosted their target price on Prudential Financial from $125.00 to $126.00 and gave the company a “buy” rating in a research note on Monday, October 8th. Goldman Sachs Group upgraded Prudential Financial from a “buy” rating to a “conviction-buy” rating in a research note on Monday, September 10th. Morgan Stanley lowered their target price on Prudential Financial from $122.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 8th. Finally, Credit Suisse Group decreased their price objective on Prudential Financial from $102.00 to $98.00 and set a “neutral” rating on the stock in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Prudential Financial has a consensus rating of “Buy” and an average price target of $119.31.
NYSE:PRU opened at $89.18 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.11 and a current ratio of 0.11. Prudential Financial has a 52-week low of $88.48 and a 52-week high of $127.14. The firm has a market cap of $36.83 billion, a P/E ratio of 8.43, a P/E/G ratio of 0.81 and a beta of 1.41.
Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $3.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.01). Prudential Financial had a net margin of 12.59% and a return on equity of 10.20%. The company had revenue of $14.43 billion for the quarter, compared to the consensus estimate of $13.51 billion. During the same quarter in the previous year, the firm posted $3.01 earnings per share. Research analysts forecast that Prudential Financial will post 12.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Monday, November 26th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.04%. Prudential Financial’s payout ratio is 34.03%.
In other Prudential Financial news, major shareholder Prudential Financial Inc bought 880,000 shares of the firm’s stock in a transaction on Tuesday, October 16th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $22,000,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott Sleyster sold 23,300 shares of the company’s stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $99.74, for a total value of $2,323,942.00. Following the completion of the transaction, the insider now owns 57,758 shares in the company, valued at $5,760,782.92. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.
Prudential Financial Company Profile
Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.
Further Reading: Are analyst ratings accurate?
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