Prudential Financial Inc (NYSE: PRU) is -0.11% lower on its value in year-to-date trading and has touched a low of $100.60 and a high of $130.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PRU stock was last observed hovering at around $120.06 in the last trading session, with the day’s loss setting it -1.66%.
Currently trading at $118.40, the stock is 0.30% and -3.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.3 million and changing -1.38% at the moment leaves the stock -0.51% off its SMA200. PRU registered 15.48% gain for a year compared to 6-month loss of -7.01%. The firm has a 50-day simple moving average (SMA 50) of $122.257 and a 200-day simple moving average (SMA200) of $119.01245.
The stock witnessed a -1.73% gain in the last 1 month and extending the period to 3 months gives it a -5.90%, and is -0.03% down 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 2.36% over the week and 2.01% over the month.
Prudential Financial Inc (PRU) has around 40658 employees, a market worth around $42.15B and $71.43B in sales. Current P/E ratio is 10.49 and Fwd P/E is 8.21. Profit margin for the company is 5.69%. Distance from 52-week low is 17.69% and -9.31% from its 52-week high. The company has generated returns on investments over the last 12 months (7.98%).
with sales reaching $14.14B over the same period.The EPS is expected to grow by 12.62% this year, but quarterly earnings will post 34.41% year-over-year. Quarterly sales are estimated to grow 8.61% in year-over-year returns.
1685.0 institutions hold shares in Prudential Financial Inc (PRU), with institutional investors hold 59.83% of the company’s shares. The shares outstanding are 355.93M, and float is at 355.38M with Short Float at 1.68%. Institutions hold 59.73% 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 purchase by PRUDENTIAL FINANCIAL INC, the company’s 10% Owner. SEC filings show that PRUDENTIAL FINANCIAL INC bought 1,500,000 shares of the company’s common stock on Dec 18 ’24 at a price of $10.00 per share for a total of $15.0 million. Following the purchase, the insider now owns 1.5 million shares.
Prudential Financial Inc disclosed in a document filed with the SEC on Dec 13 ’24 that PRUDENTIAL INSURANCE CO OF AME (10% Owner) bought a total of 71,633 shares of the company’s common stock. The trade occurred on Dec 13 ’24 and was made at $27.92 per share for $2.0 million. Following the transaction, the insider now directly holds 4.85 million shares of the PRU stock.
Still, SEC filings show that on Nov 25 ’24, PRUDENTIAL INSURANCE CO OF AME (10% Owner) acquired 537,249 shares at an average price of $27.92 for $15.0 million. The insider now directly holds 4,780,293 shares of Prudential Financial Inc (PRU).
