News articles about Prudential Financial (NYSE:PRU) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Prudential Financial earned a news impact score of 0.21 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.8402699255899 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
PRU has been the topic of a number of research analyst reports. Sandler O’Neill reiterated a “buy” rating and issued a $134.00 price target on shares of Prudential Financial in a report on Thursday, January 11th. Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Monday, January 8th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $127.00 price target on shares of Prudential Financial in a report on Thursday, December 21st. UBS Group upgraded shares of Prudential Financial from a “neutral” rating to a “buy” rating in a report on Friday, March 2nd. Finally, Morgan Stanley decreased their price target on shares of Prudential Financial from $133.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, February 8th. Seven research 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 company’s stock. Prudential Financial presently has a consensus rating of “Buy” and a consensus price target of $118.45.
Prudential Financial (NYSE:PRU) traded down $1.55 during trading hours on Wednesday, hitting $108.05. 1,830,323 shares of the company traded hands, compared to its average volume of 2,540,000. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market cap of $45,600.00, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 1.14 and a beta of 1.54. Prudential Financial has a 1-year low of $97.88 and a 1-year high of $127.14.
Prudential Financial announced that its board has initiated a stock buyback program on Thursday, December 14th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.90 per share. This is an increase from Prudential Financial’s previous quarterly dividend of $0.75. The ex-dividend date is Tuesday, February 20th. This represents a $3.60 annualized dividend and a yield of 3.33%. Prudential Financial’s payout ratio is 32.00%.
In related news, insider Stephen Pelletier sold 40,729 shares of Prudential Financial stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $108.75, for a total transaction of $4,429,278.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Barbara Koster sold 16,801 shares of Prudential Financial stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $115.17, for a total transaction of $1,934,971.17. Following the sale, the senior vice president now directly owns 37,327 shares in the company, valued at approximately $4,298,950.59. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.
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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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