Norinchukin Bank The lifted its holdings in shares of Prudential Financial, Inc. (NYSE:PRU) by 118.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,043 shares of the financial services provider’s stock after purchasing an additional 17,930 shares during the period. Norinchukin Bank The’s holdings in Prudential Financial were worth $3,573,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PRU. Hudock Capital Group LLC increased its stake in shares of Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 8 shares in the last quarter. First Personal Financial Services increased its stake in shares of Prudential Financial by 3.4% during the 1st quarter. First Personal Financial Services now owns 1,407 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 46 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Prudential Financial by 0.3% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 5 shares in the last quarter. Accurate Investment Solutions Inc. increased its stake in shares of Prudential Financial by 2.3% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 38 shares in the last quarter. Finally, Trust Co. of Vermont increased its stake in shares of Prudential Financial by 28.5% during the 2nd quarter. Trust Co. of Vermont now owns 1,711 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 380 shares in the last quarter. 64.46% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This story was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://theolympiareport.com/2017/09/13/norinchukin-bank-the-acquires-17930-shares-of-prudential-financial-inc-pru.html.

PRU has been the subject of a number of recent research reports. ValuEngine raised shares of Prudential Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub cut shares of Prudential Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and set a $113.00 price objective on shares of Prudential Financial in a research note on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Prudential Financial currently has an average rating of “Buy” and an average target price of $111.49.

Prudential Financial, Inc. (NYSE:PRU) traded up 0.0219% during trading on Wednesday, hitting $102.2024. 574,139 shares of the company traded hands. The firm has a market cap of $43.64 billion, a P/E ratio of 11.4103 and a beta of 1.49. Prudential Financial, Inc. has a one year low of $77.89 and a one year high of $115.26. The firm has a 50 day moving average of $106.20 and a 200 day moving average of $107.27.

Prudential Financial (NYSE:PRU) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.61). The business had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. During the same period in the prior year, the firm earned $1.84 earnings per share. On average, analysts expect that Prudential Financial, Inc. will post $10.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Tuesday, August 22nd will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Friday, August 18th. Prudential Financial’s dividend payout ratio is currently 33.63%.

In related news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $110.00, for a total transaction of $22,174,350.00. Following the completion of the sale, the chairman now directly owns 456,121 shares of the company’s stock, valued at approximately $50,173,310. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Nicholas C. Silitch sold 14,897 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the sale, the insider now directly owns 21,274 shares of the company’s stock, valued at $2,340,140. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 220,615 shares of company stock valued at $24,276,660. 0.66% of the stock is owned by insiders.

About Prudential Financial

Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.

Want to see what other hedge funds are holding PRU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prudential Financial, Inc. (NYSE:PRU).

Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

Receive News & Ratings for Prudential Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.