Louisiana State Employees Retirement System lessened its stake in shares of Prudential Financial Inc (NYSE:PRU) by 3.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 25,700 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Prudential Financial were worth $2,955,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fieldpoint Private Securities LLC acquired a new stake in shares of Prudential Financial during the 2nd quarter worth about $103,000. Grove Bank & Trust lifted its stake in shares of Prudential Financial by 507.0% during the 3rd quarter. Grove Bank & Trust now owns 1,129 shares of the financial services provider’s stock worth $120,000 after buying an additional 943 shares during the last quarter. Legacy Advisors LLC acquired a new stake in shares of Prudential Financial during the 3rd quarter worth about $129,000. Zions Bancorporation lifted its stake in shares of Prudential Financial by 44.9% during the 3rd quarter. Zions Bancorporation now owns 1,690 shares of the financial services provider’s stock worth $180,000 after buying an additional 524 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in shares of Prudential Financial by 128.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider’s stock worth $184,000 after buying an additional 957 shares during the last quarter. Institutional investors own 64.50% of the company’s stock.

Shares of Prudential Financial Inc (NYSE:PRU) opened at $122.09 on Wednesday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.34. Prudential Financial Inc has a 12 month low of $97.88 and a 12 month high of $125.00. The firm has a market cap of $52,540.00, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.29 and a beta of 1.55.

Prudential Financial (NYSE:PRU) last released its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, beating the consensus estimate of $2.71 by $0.30. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. The firm had revenue of $13.36 billion for the quarter, compared to analyst estimates of $12.24 billion. During the same period last year, the firm earned $2.66 EPS. equities analysts expect that Prudential Financial Inc will post 10.49 earnings per share for the current fiscal year.

Prudential Financial declared that its board has approved a stock repurchase plan on Thursday, December 14th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

In other Prudential Financial news, insider Nicholas C. Silitch sold 44,860 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $111.77, for a total value of $5,014,002.20. Following the transaction, the insider now directly owns 27,927 shares of the company’s stock, valued at approximately $3,121,400.79. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Barbara Koster sold 16,801 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $115.17, for a total transaction of $1,934,971.17. Following the completion of the transaction, the senior vice president now directly owns 37,327 shares in the company, valued at $4,298,950.59. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,818 shares of company stock worth $13,154,122. Insiders own 0.66% of the company’s stock.

Several analysts have weighed in on PRU shares. Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Tuesday, October 10th. Citigroup upgraded shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Tuesday, October 17th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a research note on Friday, November 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $119.00 price objective on shares of Prudential Financial in a research note on Friday, November 3rd. Finally, Wells Fargo & Co set a $122.00 price objective on shares of Prudential Financial and gave the stock a “hold” rating in a research note on Thursday, December 14th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Prudential Financial currently has a consensus rating of “Buy” and a consensus target price of $119.35.

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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.

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

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