Prudential Financial Inc. (NYSE: PRU) is 16.77% higher on its value in year-to-date trading and has touched a low of $87.95 and a high of $128.52 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 $120.81 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $121.10, the stock is 2.22% and 3.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing 0.24% at the moment leaves the stock 6.99% off its SMA200. PRU registered 27.66% gain for a year compared to 6-month gain of 4.14%. The firm has a 50-day simple moving average (SMA 50) of $117.287 and a 200-day simple moving average (SMA200) of $113.27985.
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The stock witnessed a 1.09% loss in the last 1 month and extending the period to 3 months gives it a 3.04%, and is 0.26% 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 1.30% over the week and 1.89% over the month.
Prudential Financial Inc. (PRU) has around 40658 employees, a market worth around $43.23B and $60.29B in sales. Current P/E ratio is 15.48 and Fwd P/E is 8.28. Profit margin for the company is 4.67%. Distance from 52-week low is 37.69% and -5.78% from its 52-week high. The company has generated returns on investments over the last 12 months (5.80%).
The EPS is expected to grow by 15.76% this year.
Prudential Financial Inc. (PRU) Top Institutional Holders
1691.0 institutions hold shares in Prudential Financial Inc. (PRU), with institutional investors hold 59.67% of the company’s shares. The shares outstanding are 359.22M, and float is at 356.34M with Short Float at 1.59%. Institutions hold 59.58% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 41.64 million shares valued at $4.88 billion. The investor’s holdings represent 11.6051% of the PRU Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 31.4 million shares valued at $3.68 billion to account for 8.7523 of the shares outstanding. The other top investors are STATE STREET CORP which holds 16.96 million shares representing 4.7261% and valued at over $1.99 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.3191 of the shares totaling 8.32 million with a market value of $972.59 million.
Prudential Financial Inc. (PRU) Insider Activity
The most recent transaction is an insider sale by Feeney Caroline, the company’s Executive Vice President. SEC filings show that Feeney Caroline sold 1,110 shares of the company’s common stock on Sep 03 ’24 at a price of $119.97 per share for a total of $0.13 million. Following the sale, the insider now owns 10175.0 shares.
Still, SEC filings show that on Aug 21 ’24, KAPPLER ANN M (EVP and General Counsel) disposed off 2,839 shares at an average price of $113.43 for $0.32 million. The insider now directly holds 14,535 shares of Prudential Financial Inc. (PRU).
