Stock Worth Watching: Prudential Financial Inc (NYSE:PRU) Quarterly Sentiment Report

November 25, 2016 - By Richard Conner   ·   0 Comments

Stock Worth Watching: Prudential Financial Inc (NYSE:PRU) Quarterly Sentiment Report

Sentiment for Prudential Financial Inc (NYSE:PRU)

Prudential Financial Inc (NYSE:PRU) institutional sentiment decreased to 0.85 in 2016 Q2. Its down -0.16, from 1.01 in 2016Q1. The ratio fall, as 303 active investment managers increased or opened new positions, while 299 sold and decreased positions in Prudential Financial Inc. The active investment managers in our partner’s database now possess: 258.74 million shares, down from 282.08 million shares in 2016Q1. Also, the number of active investment managers holding Prudential Financial Inc in their top 10 positions decreased from 10 to 9 for a decrease of 1. Sold All: 52 Reduced: 247 Increased: 245 New Position: 58.

Prudential Financial, Inc. is a financial services company. The company has a market cap of $43.43 billion. The Company, through its subsidiaries and affiliates, provides a range of financial services and products, including life insurance, annuities and investment management. It has a 9.4 P/E ratio. The Company’s divisions include U.S.

The stock closed at $100.64 during the last session. It is down 26.46% since April 22, 2016 and is uptrending. It has outperformed by 21.05% the S&P500.

Analysts await Prudential Financial Inc (NYSE:PRU) to report earnings on February, 8. They expect $2.31 EPS, up 19.07% or $0.37 from last year’s $1.94 per share. PRU’s profit will be $996.85 million for 10.89 P/E if the $2.31 EPS becomes a reality. After $2.66 actual EPS reported by Prudential Financial Inc for the previous quarter, Wall Street now forecasts -13.16% negative EPS growth.

According to Zacks Investment Research, “Prudential Financial, Inc. is one of the largest financial services institutions in the United States. They provide a wide range of insurance, investment management and other financial products and services. The Prudential name and Rock logo are among the most widely recognized in the United States. They conduct their principal businesses through four divisions: U.S. Consumer, Employee Benefits, International and Asset Management. They also conduct other activities in Corporate and Other operations.”

Meiji Yasuda Life Insurance Co holds 11.72% of its portfolio in Prudential Financial Inc for 1.03 million shares. Nippon Life Insurance Co owns 2.58 million shares or 4.62% of their US portfolio. Moreover, Benin Management Corp has 4.34% invested in the company for 117,621 shares. The New York-based Capital Returns Management Llc has invested 4% in the stock. Lumbard & Kellner Llc, a New Hampshire-based fund reported 72,738 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 24 sales for $106.14 million net activity.

Prudential Financial Inc (NYSE:PRU) Ratings Coverage

Ratings analysis reveals 60% of Prudential Financial’s analysts are positive. Out of 10 Wall Street analysts rating Prudential Financial, 6 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $78 while the high is $105. The stock’s average target of $88.33 is -12.23% below today’s ($100.64) share price. PRU was included in 21 notes of analysts from August 6, 2015. As per Friday, September 23, the company rating was upgraded by Goldman Sachs. The rating was initiated by Credit Suisse with “Neutral” on Friday, October 7. The stock of Prudential Financial Inc (NYSE:PRU) earned “Buy” rating by Deutsche Bank on Monday, September 7. The stock of Prudential Financial Inc (NYSE:PRU) earned “Outperform” rating by Keefe Bruyette & Woods on Thursday, November 12. The firm has “Overweight” rating given on Thursday, February 11 by Barclays Capital. The stock has “Mkt Perform” rating given by FBR Capital on Tuesday, October 18. On Thursday, February 11 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Outperform” rating by FBR Capital given on Monday, May 16. The company was downgraded on Wednesday, January 20 by Bank of America. The company was downgraded on Wednesday, June 29 by Bank of America.

PRU Company Profile

Prudential Financial, Inc., incorporated in 1999, is a financial services company. The Company, through its subsidiaries and affiliates, provides a range of financial services and products, including life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s divisions include U.S. Retirement Solutions and Investment Management division; U.S. Individual Life and Group Insurance division, and International Insurance division. The Firm also has corporate and other operations, which include corporate items and initiatives that are not allocated to its business divisions and divested businesses. It offers services and products to individual and institutional clients through third-party distribution networks. The Firm has approximately $1.184 trillion of assets under management (AUM), and has activities in the United States, Asia, Europe and Latin America. The Company’s investment portfolio consists of public and private fixed maturity securities, commercial mortgage and other loans, equity securities and other invested assets.

More news for Prudential Financial Inc (NYSE:PRU) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Johnson & Johnson, Prudential Financial and Manulife …” on November 16, 2016. Nasdaq.com‘s article titled: “Prudential Financial, Inc. (PRU) Ex-Dividend Date Scheduled for November 18, 2016” and published on November 17, 2016 is yet another important article.

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By Richard Conner


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