News coverage about Prudential Financial (NYSE:PRU) has trended somewhat positive on Friday, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Prudential Financial earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.8402699255899 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Morgan Stanley Lowers Prudential Financial (PRU) Price Target to $128.00 (americanbankingnews.com)
- Twin Peaks changes financial services landscape (bizcommunity.com)
- $1.2 Trillion Asset Manager Isn’t Worried About U.S.-China Trade Fight (finance.yahoo.com)
- FCA Told To Ramp Up Prudential Supervision After Failings (law360.com)
- COMMENTARY: Safeguarding financial-firm cultures: five focus factors for directors (reuters.com)
NYSE PRU opened at $104.91 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.13 and a current ratio of 0.13. Prudential Financial has a 12-month low of $97.88 and a 12-month high of $127.14. The firm has a market capitalization of $44,065.24, a price-to-earnings ratio of 9.87, a PEG ratio of 1.02 and a beta of 1.52.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 21st were issued a $0.90 dividend. This is a positive change from Prudential Financial’s previous quarterly dividend of $0.75. This represents a $3.60 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend was Tuesday, February 20th. Prudential Financial’s payout ratio is currently 34.03%.
Prudential Financial declared that its board has initiated a stock buyback program 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 repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
Several research firms have recently weighed in on PRU. Wells Fargo set a $122.00 price target on shares of Prudential Financial and gave the company a “hold” rating in a research note on Thursday, December 14th. Atlantic Securities raised shares of Prudential Financial from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 11th. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research note on Monday, January 8th. Deutsche Bank reduced their price objective on shares of Prudential Financial from $132.00 to $125.00 and set a “hold” rating for the company in a research note on Friday, February 9th. Finally, Bank of America began coverage on shares of Prudential Financial in a research note on Monday, March 26th. They issued a “buy” rating and a $117.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Prudential Financial presently has an average rating of “Hold” and a consensus price target of $119.25.
In other Prudential Financial 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 value of $4,429,278.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.66% of the stock is currently owned by insiders.
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About Prudential Financial
Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.
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