Livforsakringsbolaget Skandia Omsesidigt cut its holdings in shares of Prudential Financial Inc (NYSE:PRU) by 12.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,158 shares of the financial services provider’s stock after selling 2,400 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Prudential Financial were worth $1,858,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Green Square Capital LLC increased its position in shares of Prudential Financial by 0.3% during the second quarter. Green Square Capital LLC now owns 2,065 shares of the financial services provider’s stock worth $223,000 after acquiring an additional 7 shares in the last quarter. Security National Bank of SO Dak increased its position in shares of Prudential Financial by 3.3% during the second quarter. Security National Bank of SO Dak now owns 4,539 shares of the financial services provider’s stock worth $491,000 after acquiring an additional 145 shares in the last quarter. Horizon Investment Services LLC increased its position in shares of Prudential Financial by 9.8% during the second quarter. Horizon Investment Services LLC now owns 2,199 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 196 shares in the last quarter. Afam Capital Inc. increased its position in shares of Prudential Financial by 0.3% during the second quarter. Afam Capital Inc. now owns 87,423 shares of the financial services provider’s stock worth $9,454,000 after acquiring an additional 247 shares in the last quarter. Finally, Signet Financial Management LLC increased its position in shares of Prudential Financial by 4.6% during the second quarter. Signet Financial Management LLC now owns 9,553 shares of the financial services provider’s stock worth $1,033,000 after acquiring an additional 419 shares in the last quarter. 64.50% of the stock is owned by institutional investors.

Prudential Financial Inc (PRU) opened at $124.13 on Friday. Prudential Financial Inc has a twelve month low of $97.88 and a twelve month high of $125.00. The firm has a market cap of $52,283.44, a PE ratio of 11.91, a P/E/G ratio of 1.26 and a beta of 1.55. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.34.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, topping 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 business had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $12.24 billion. During the same period in the previous year, the company earned $2.66 earnings per share. analysts predict that Prudential Financial Inc will post 10.49 EPS for the current year.

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

PRU has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Prudential Financial in a research report on Friday, November 10th. ValuEngine downgraded shares of Prudential Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. B. Riley reissued a “buy” rating on shares of Prudential Financial in a research report on Monday, November 6th. Citigroup upgraded shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Tuesday, October 17th. Finally, Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a report on Tuesday, October 10th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Prudential Financial has an average rating of “Buy” and a consensus price target of $119.35.

In other Prudential Financial news, EVP Charles F. Lowrey sold 44,630 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $111.91, for a total value of $4,994,543.30. Following the transaction, the executive vice president now directly owns 79,354 shares in the company, valued at $8,880,506.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Barbara Koster sold 16,801 shares of the business’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 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 90 days, insiders have sold 116,818 shares of company stock worth $13,154,122. 0.66% of the stock is owned by corporate insiders.

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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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