1,339 institutions hold shares in Prudential Financial Inc. (PRU), with 821.79k shares held by insiders accounting for 0.21% while institutional investors hold 57.06% of the company’s shares. The shares outstanding are 396.40M, and float is at 393.60M with Short Float at 1.16%. Institutions hold 56.95% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 32.99 million shares valued at $2.58 billion. The investor’s holdings represent 8.34% of the PRU Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 31.67 million shares valued at $2.47 billion to account for 8.01% of the shares outstanding. The other top investors are State Street Corporation which holds 18.1 million shares representing 4.58% and valued at over $1.41 billion, while Geode Capital Management, LLC holds 1.71% of the shares totaling 6.75 million with a market value of $526.6 million.
Prudential Financial Inc. (NYSE: PRU) is 26.66% higher on its value in year-to-date trading and has touched a low of $48.52 and a high of $97.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PRU stock was last observed hovering at around $97.30 in the last trading session, with the day’s gains setting it 1.58% off its average median price target of $98.00 for the next 12 months. It is also 18.28% off the consensus price target high of $121.00 offered by 15 analysts, but current levels are -7.48% lower than the price target low of $92.00 for the same period.
Currently trading at $98.88, the stock is 6.60% and 10.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.21 million and changing 1.62% at the moment leaves the stock 31.32% off its SMA200. PRU registered 88.74% gain for a year compared to 6-month gain of 49.07%. The firm has a 50-day simple moving average (SMA 50) of $92.41 and a 200-day simple moving average (SMA200) of $80.08.
The stock witnessed a 6.12% loss in the last 1 month and extending the period to 3 months gives it a 17.84%, and is 4.80% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.73% over the week and 1.93% over the month.
Prudential Financial Inc. (PRU) has around 41671 employees, a market worth around $38.47B and $57.03B in sales. Fwd P/E is 7.70. Profit margin for the company is -0.70%. Distance from 52-week low is 103.79% and 0.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.30%).
Prudential Financial Inc. (PRU) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Prudential Financial Inc. (PRU) is a “Hold”. 15 analysts offering their recommendations for the stock have an average rating of 2.70, where 11 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Prudential Financial Inc. is expected to release its quarterly report on 08/03/2021 and quarterly earnings per share for the current quarter are estimated at $2.74 with sales reaching $14.45B over the same period.The EPS is expected to shrink by -109.90% this year, but quarterly earnings will post 7.20% year-over-year. Quarterly sales are estimated to grow 8.40% in year-over-year returns.
Prudential Financial Inc. (PRU) Insider Activity
A total of 42 insider transactions have happened at Prudential Financial Inc. (PRU) in the last six months, with sales accounting for 22 and purchases happening 20 times. The most recent transaction is an insider sale by TANJI KENNETH, the company’s EVP and CFO. SEC filings show that TANJI KENNETH sold 29,285 shares of the company’s common stock on Mar 22 at a price of $90.94 per share for a total of $2.66 million. Following the sale, the insider now owns 24634.0 shares.
Prudential Financial Inc. disclosed in a document filed with the SEC on Mar 08 that SCHMIDT TIMOTHY L (Senior Vice President) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 08 and was made at $94.11 per share for $0.47 million. Following the transaction, the insider now directly holds 16497.0 shares of the PRU stock.
Still, SEC filings show that on Mar 05, Silitch Nicholas C (Senior Vice President) disposed off 8,200 shares at an average price of $90.62 for $0.74 million. The insider now directly holds 11,306 shares of Prudential Financial Inc. (PRU).
Prudential Financial Inc. (PRU): Who are the competitors?
The company’s main competitors (and peers) include Aegon N.V. (AEG) that is trading 92.50% up over the past 12 months. Lincoln National Corporation (LNC) is 135.29% up on the 1-year trading charts. Short interest in the company’s stock has risen 18.31% from the last report on Mar 30, 2021 to stand at a total of 4.55 million short shares sold with a short interest ratio of 1.67.