Prudential Financial, Inc. $PRU Stock: Robeco Institutional Asset Management B.V. Raises Stake

Key Points

• Robeco Institutional Asset Management increased its Prudential Financial stake by 266.2% in the third quarter, reaching 485,344 shares valued at approximately $55.1 million. Institutional investors collectively own 56.83% of PRU.
• Prudential reported quarterly earnings of $4.08 per share, beating estimates of $3.52, and maintains a quarterly dividend of $1.40, equivalent to a 4.7% annualized yield.
• Analyst sentiment remains cautious: PRU has a consensus “Reduce” rating, with 10 Hold and five Sell ratings and an average price target of $106.92, below its reported $118.14 share price.

Robeco Institutional Asset Management B.V. grew its holdings in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 266.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 485,344 shares of the financial services provider's stock after purchasing an additional 352,793 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.14% of Prudential Financial worth $55,125,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Prudential Financial in the second quarter valued at about $3,507,481,000. Bank of New York Mellon Corp bought a new stake in Prudential Financial during the 2nd quarter worth about $209,055,000. Bank of America Corp DE bought a new stake in Prudential Financial during the 2nd quarter worth about $208,957,000. Deutsche Bank AG acquired a new stake in Prudential Financial in the 2nd quarter valued at about $157,752,000. Finally, Arrowstreet Capital Limited Partnership increased its position in Prudential Financial by 95.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,556,748 shares of the financial services provider's stock valued at $249,769,000 after acquiring an additional 1,247,371 shares in the last quarter. Institutional investors own 56.83% of the company's stock.

Insider Activity at Prudential Financial

In other news, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $24.75, for a total value of $5,314,963.50. Following the completion of the transaction, the insider owned 7,973,657 shares of the company's stock, valued at $197,348,010.75. The trade was a 2.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann M. Kappler sold 7,652 shares of the business's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $125.01, for a total transaction of $956,576.52. Following the completion of the transaction, the executive vice president directly owned 14,407 shares of the company's stock, valued at $1,801,019.07. This trade represents a 34.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.05% of the stock is currently owned by corporate insiders.

Prudential Financial Price Performance

Prudential Financial stock opened at $118.14 on Friday. The firm has a market capitalization of $40.76 billion, a P/E ratio of 7.53, a PEG ratio of 1.73 and a beta of 0.85. Prudential Financial, Inc. has a 1 year low of $91.89 and a 1 year high of $127.72. The business has a 50-day moving average of $117.85 and a 200-day moving average of $111.39. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.62.

Prudential Financial (NYSE:PRU - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share for the quarter, beating analysts' consensus estimates of $3.52 by $0.56. The business had revenue of $14.15 billion for the quarter, compared to the consensus estimate of $14.36 billion. Prudential Financial had a net margin of 6.51% and a return on equity of 16.68%. During the same period last year, the company posted $3.58 EPS. On average, equities analysts anticipate that Prudential Financial, Inc. will post 14.37 EPS for the current year.

Prudential Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th were paid a $1.40 dividend. This represents a $5.60 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, August 25th. Prudential Financial's dividend payout ratio is presently 50.72%.

Analysts Set New Price Targets

PRU has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of Prudential Financial from $110.00 to $104.00 and set an "underweight" rating on the stock in a research report on Monday, October 12th. Morgan Stanley lowered their price target on shares of Prudential Financial from $105.00 to $100.00 and set an "underweight" rating for the company in a report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of Prudential Financial from $127.00 to $124.00 and set a "neutral" rating for the company in a research report on Thursday. Wall Street Zen lowered Prudential Financial from a "buy" rating to a "hold" rating in a research report on Monday, September 28th. Finally, TD Cowen lowered their target price on Prudential Financial from $114.00 to $112.00 and set a "hold" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $106.92.

Prudential Financial News Summary

Here are the key news stories impacting Prudential Financial this week:

• Positive Sentiment: Prudential is partnering with SoFi to offer life-insurance products through SoFi’s app to its approximately 15 million members. The agreement could expand Prudential’s digital distribution, customer reach and new-business opportunities. SoFi and Prudential Financial team up to expand access to life insurance
• Positive Sentiment: Prudential’s planned sale of its Brazil and Mexico businesses for roughly $4 billion may support capital generation and sharpen the company’s focus on core markets, though investors will watch how proceeds are deployed. Newark's Prudential Sells Brazil, Mexico Units for $4 Billion in Market Exit Push
• Neutral Sentiment: JPMorgan lowered its price target to $124 from $127 while maintaining a “neutral” rating. The revised target still implies modest upside, but the cut signals limited near-term conviction. JPMorgan lowers Prudential Financial price target
• Neutral Sentiment: Prudential Wealth Advisors plans to increase recruiting under a centralized operating model. The move could strengthen its advisor platform over time, but near-term financial effects are unclear. Prudential Wealth Advisors set to ramp up recruiting with new centralized model
• Negative Sentiment: Dowling & Partners reduced its EPS forecasts to $13.80 for fiscal 2027 and $15.30 for fiscal 2028, from $14.60 and $16.15, respectively. The lower estimates point to weaker expected earnings momentum. Prudential Financial analyst earnings estimates
• Negative Sentiment: TD Cowen cut its price target to $112 from $114 and kept a “hold” rating, implying downside from recent trading levels. Barclays and Morgan Stanley have also recently lowered expectations, creating a broadly cautious analyst backdrop. Analyst target reductions for Prudential Financial

About Prudential Financial

Prudential Financial, Inc NYSE: PRU is a global financial services company that provides insurance, retirement, investment management and related financial products. Founded in Newark, New Jersey, in 1875, the company serves individuals, businesses and institutional investors through a range of businesses and distribution channels.

In the United States, Prudential offers life insurance, annuities, retirement plans and employee benefits, including group life, disability and dental insurance.

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