Fox Run Management L.L.C. bought a new stake in Prudential Financial, Inc. (NYSE:PRU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,600 shares of the financial services provider’s stock, valued at approximately $489,000.

Several other hedge funds have also recently made changes to their positions in PRU. Fieldpoint Private Securities LLC purchased a new stake in shares of Prudential Financial in the second quarter valued at about $103,000. Hudock Capital Group LLC raised its holdings in shares of Prudential Financial by 0.7% in the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 8 shares during the last quarter. Guardian Life Insurance Co. of America raised its holdings in shares of Prudential Financial by 0.3% in the first quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 5 shares during the last quarter. Accurate Investment Solutions Inc. raised its holdings in shares of Prudential Financial by 2.3% in the second quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 38 shares during the last quarter. Finally, Advisory Services Network LLC raised its holdings in shares of Prudential Financial by 128.8% in the second quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 957 shares during the last quarter. Institutional investors own 64.88% of the company’s stock.

PRU has been the subject of several analyst reports. Citigroup Inc. upgraded shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a report on Tuesday, October 17th. Morgan Stanley increased their target price on shares of Prudential Financial from $118.00 to $123.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Wells Fargo & Company reiterated a “hold” rating on shares of Prudential Financial in a report on Thursday, August 3rd. BidaskClub upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $117.00 target price on shares of Prudential Financial in a report on Wednesday, September 6th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $114.56.

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In other news, insider Nicholas C. Silitch sold 14,897 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the completion of the sale, the insider now owns 21,274 shares of the company’s stock, valued at approximately $2,340,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Pelletier sold 4,133 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $112.18, for a total transaction of $463,639.94. Following the sale, the insider now directly owns 10,924 shares of the company’s stock, valued at approximately $1,225,454.32. The disclosure for this sale can be found here. 0.66% of the stock is owned by corporate insiders.

Prudential Financial, Inc. (PRU) opened at 111.60 on Tuesday. Prudential Financial, Inc. has a 12 month low of $83.09 and a 12 month high of $115.26. The company has a market cap of $47.65 billion, a price-to-earnings ratio of 12.46 and a beta of 1.51. The firm’s 50-day moving average is $107.50 and its 200-day moving average is $107.11.

Prudential Financial (NYSE:PRU) last released its quarterly 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). Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The business had revenue of $13.03 billion for the quarter, compared to analysts’ expectations of $12.45 billion. During the same period in the previous year, the company earned $1.84 EPS. On average, analysts anticipate that Prudential Financial, Inc. will post $10.13 EPS for the current fiscal year.

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.

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

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