Prudential Financial (NYSE:PRU) Stock Gets Price Target Reduction from TD Cowen

Prudential Financial (NYSE:PRU) had its price target lowered by TD Cowen from $114.00 to $112.00 in a research note published on Wednesday,Benzinga reports. The firm currently has a hold rating on the financial services provider’s stock.

A number of other research analysts have also recently commented on the stock. Wall Street Zen cut shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Monday, September 28th. Barclays dropped their price target on shares of Prudential Financial from $96.00 to $94.00 and set an “underweight” rating for the company in a research report on Monday, October 19th. Piper Sandler reduced their price target on shares of Prudential Financial from $128.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Weiss Ratings lowered shares of Prudential Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. Finally, Jefferies Financial Group increased their price objective on shares of Prudential Financial from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $111.33.

Prudential Financial Price Performance

NYSE:PRU opened at $115.02 on Wednesday. Prudential Financial has a 52 week low of $91.89 and a 52 week high of $127.72. The stock’s fifty day moving average is $117.65 and its two-hundred day moving average is $111.42. The company has a market capitalization of $39.68 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.80 and a beta of 0.85. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.62.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $0.56. The business had revenue of $14.15 billion during the quarter, compared to analysts’ expectations of $14.36 billion. Prudential Financial had a return on equity of 16.68% and a net margin of 6.51%. During the same period in the prior year, the business posted $3.58 EPS. Equities analysts expect that Prudential Financial will post 14.20 EPS for the current year.

Prudential Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, August 25th were paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, August 25th. Prudential Financial’s payout ratio is presently 50.72%.

Insider Buying and Selling at Prudential Financial

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $24.75, for a total transaction of $5,314,963.50. Following the sale, the insider owned 7,973,657 shares in the company, valued at $197,348,010.75. This represents a 2.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ann Kappler sold 7,652 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 14,407 shares in the company, valued at $1,801,019.07. This represents a 34.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.05% of the company’s stock.

Institutional Trading of Prudential Financial

A number of large investors have recently made changes to their positions in the company. Plimoth Trust Co. LLC grew its position in Prudential Financial by 2.4% during the 2nd quarter. Plimoth Trust Co. LLC now owns 3,860 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 90 shares during the last quarter. Security National Bank of SO Dak increased its holdings in Prudential Financial by 0.6% during the 2nd quarter. Security National Bank of SO Dak now owns 14,676 shares of the financial services provider’s stock valued at $1,584,000 after purchasing an additional 90 shares in the last quarter. XXI Wealth LLC raised its position in Prudential Financial by 5.0% in the 3rd quarter. XXI Wealth LLC now owns 1,967 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 93 shares during the last quarter. Keating Financial Advisory Services Inc. raised its position in Prudential Financial by 34.8% in the 2nd quarter. Keating Financial Advisory Services Inc. now owns 395 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 102 shares during the last quarter. Finally, Apella Capital LLC boosted its stake in Prudential Financial by 3.7% in the first quarter. Apella Capital LLC now owns 2,979 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 106 shares in the last quarter. 56.83% of the stock is currently owned by hedge funds and other institutional investors.

More Prudential Financial News

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

• Positive Sentiment: Prudential Financial expanded its distribution reach through a partnership with SoFi, which plans to offer Prudential life-insurance products to its approximately 15 million members. The agreement could support longer-term customer acquisition and premium growth. SoFi and Prudential Financial team up to expand access to life insurance
• Neutral Sentiment: JPMorgan lowered its price target from $127 to $124 and maintained a neutral rating. Although the revised target still implies potential upside from the current trading level, the reduction signals more cautious expectations. JPMorgan analyst recommendations
• Neutral Sentiment: Prudential Life Assurance Kenya agents were encouraged to help households manage financial uncertainty and build wealth. The initiative supports the company’s broader insurance mission but appears unlikely to materially affect near-term earnings. Prudential agents challenged to help families build and protect wealth
• Negative Sentiment: Deutsche Bank cut its price target from $105 to $102 and assigned a hold rating, implying downside relative to the current level. Deutsche Bank analyst recommendations
• Negative Sentiment: Dowling & Partners reduced its FY2026 EPS forecast to $13.70 from $14.65, below the $14.37 consensus estimate. It also cut its FY2027 forecast to $13.80 from $14.60 and its FY2028 forecast to $15.30 from $16.15, pointing to weaker expected profit growth.
• Negative Sentiment: Analysts expect Prudential Financial’s upcoming third-quarter report to show a double-digit decline in earnings, increasing pressure on the stock ahead of the results. What to expect from Prudential Financial’s next earnings report

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.