Madison Asset Management LLC Takes Position in Prudential Financial, Inc. $PRU

Madison Asset Management LLC bought a new position in shares of Prudential Financial, Inc. (NYSE:PRU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,686 shares of the financial services provider’s stock, valued at approximately $642,000.

Several other large investors have also bought and sold shares of the stock. Sunflower Bank N.A. raised its position in Prudential Financial by 3.2% during the 4th quarter. Sunflower Bank N.A. now owns 2,911 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 91 shares during the last quarter. Wetzel Investment Advisors Inc. raised its position in Prudential Financial by 0.9% during the 4th quarter. Wetzel Investment Advisors Inc. now owns 10,022 shares of the financial services provider’s stock worth $1,131,000 after purchasing an additional 94 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in Prudential Financial by 0.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 28,795 shares of the financial services provider’s stock worth $2,987,000 after purchasing an additional 97 shares during the last quarter. Transcend Capital Advisors LLC raised its position in Prudential Financial by 2.4% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,175 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 98 shares during the last quarter. Finally, Mindset Wealth Management LLC raised its position in Prudential Financial by 2.1% during the 3rd quarter. Mindset Wealth Management LLC now owns 4,781 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 100 shares during the last quarter. 56.83% of the stock is owned by institutional investors.

Trending Headlines about Prudential Financial

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

• Positive Sentiment: Prudential’s asset management arm, PGIM, launched its first private credit CIT for defined contribution plans, expanding its retirement-plan product lineup and potentially opening a new source of fee-based growth. PGIM launches first private credit CIT to broaden defined contribution market access
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on Prudential Financial to $106 from $100, signaling improved expectations even while keeping a market-perform rating. Prudential Financial price target raised by KBW
• Positive Sentiment: Prudential also announced a quarterly dividend of $1.40 per share, reinforcing its appeal to income-focused investors and underscoring capital-return discipline. Does Prudential (PRU) Balancing Dividends, Buybacks, and New Debt Reveal Its True Capital Priorities?
• Neutral Sentiment: Prudential said employers facing medical-cost stress could see lower productivity, absenteeism, and turnover, but the comments read more like industry commentary than a direct earnings driver. Employers say they’re doing enough to help with medical costs, but workers disagree
• Neutral Sentiment: Prudential reportedly reduced its stake in Kirby in a profitable sell-off, which reflects active portfolio management but is unlikely to materially change PRU’s near-term outlook on its own. Financial services giant Prudential slashes Kirby stake in profitable sell-off

Prudential Financial Stock Performance

Shares of PRU opened at $103.12 on Friday. The company has a market cap of $35.78 billion, a PE ratio of 10.61, a P/E/G ratio of 1.85 and a beta of 0.86. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.16. Prudential Financial, Inc. has a one year low of $91.89 and a one year high of $119.76. The stock has a 50-day moving average of $97.07 and a 200-day moving average of $104.57.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results 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 business had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $14.10 billion. Prudential Financial had a return on equity of 16.33% and a net margin of 5.83%.During the same quarter in the previous year, the business earned $3.29 EPS. On average, equities research analysts predict that Prudential Financial, Inc. will post 13.72 EPS for the current fiscal year.

Prudential Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Tuesday, May 26th will be paid a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Tuesday, May 26th. Prudential Financial’s payout ratio is presently 57.61%.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, Director Thomas D. Stoddard bought 250 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were purchased at an average price of $102.97 per share, for a total transaction of $25,742.50. Following the purchase, the director directly owned 250 shares of the company’s stock, valued at approximately $25,742.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.05% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on PRU. Weiss Ratings lowered Prudential Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. BMO Capital Markets dropped their price objective on Prudential Financial from $91.00 to $87.00 and set an “underperform” rating on the stock in a research note on Thursday, April 23rd. JPMorgan Chase & Co. cut their target price on Prudential Financial from $133.00 to $127.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Zacks Research cut Prudential Financial from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler lifted their target price on Prudential Financial from $99.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday. Nine research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $101.50.

About Prudential Financial

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.