Truist Financial Corp Sells 32,164 Shares of Prudential Financial, Inc. $PRU

Key Points

• Truist Financial Corp reduced its stake in Prudential by 13.1%, selling 32,164 shares and retaining 213,082 shares valued at about $24.05 million (roughly 0.06% of the company) at the end of the quarter.
• Prudential posted a strong but mixed Q1—adjusted EPS $3.61 and $15.23B revenue beat estimates and operating metrics improved, yet GAAP net income fell and a Japan sales suspension is a near-term headwind, spurring analyst caution and price-target cuts.
• Insiders bought a modest 1,650 shares (~$169K) last quarter while institutional investors own 56.83% of PRU; the broker consensus averages to a "Reduce" rating with an average price target near $99.92.

Truist Financial Corp decreased its position in shares of Prudential Financial, Inc. (NYSE:PRU - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,082 shares of the financial services provider's stock after selling 32,164 shares during the period. Truist Financial Corp owned approximately 0.06% of Prudential Financial worth $24,053,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Summit Global Investments raised its position in shares of Prudential Financial by 71.1% during the 3rd quarter. Summit Global Investments now owns 13,021 shares of the financial services provider's stock valued at $1,351,000 after buying an additional 5,412 shares in the last quarter. VCI Wealth Management LLC lifted its stake in shares of Prudential Financial by 117.1% in the 4th quarter. VCI Wealth Management LLC now owns 19,292 shares of the financial services provider's stock valued at $2,178,000 after purchasing an additional 10,404 shares during the last quarter. KBC Group NV raised its holdings in Prudential Financial by 94.3% during the 4th quarter. KBC Group NV now owns 157,538 shares of the financial services provider's stock valued at $17,783,000 after buying an additional 76,461 shares during the period. Machina Capital S.A.S. purchased a new position in Prudential Financial during the third quarter worth $1,285,000. Finally, First Horizon Corp purchased a new stake in shares of Prudential Financial in the third quarter valued at $5,856,000. Institutional investors own 56.83% of the company's stock.

Trending Headlines about Prudential Financial

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

• Positive Sentiment: Q1 earnings and revenue beat — PRU reported adjusted EPS of $3.61 and revenue of $15.23B, topping consensus and reflecting solid PGIM investment performance and fee growth. PRU Q1 Earnings & Revenues Top Estimates
• Positive Sentiment: Improved operating metrics — after‑tax adjusted operating income rose to $1.278B (up ~7.6% y/y) and book value per common share increased to $91.28, indicating underlying capital strength. Press Release — First Quarter 2026 Results
• Positive Sentiment: Investment spread and asset-management tailwinds — commentary and coverage highlight higher asset-management fees, new business growth and a stronger net investment spread as key drivers of the beat. Zacks: Solid Investment Spread
• Neutral Sentiment: Earnings-call and analyst write-ups provide nuance — conference call and analyst notes describe results as “solid” but point to pockets of weakness; investors will be watching forward guidance and capital deployment. Earnings Call Summary
• Neutral Sentiment: Mixed headlines/coverage — market summaries and commentary (Seeking Alpha, MarketBeat, TipRanks) note the beat but flag uneven GAAP results versus adjusted metrics. Seeking Alpha: Solid Q1 Despite Japan Challenges
• Negative Sentiment: GAAP net income fell and Japan sales suspension is a headwind — net income attributable to PRU was $597M (down from $707M prior year); management cited Japan distribution/sales suspension as a near-term drag. LifeInsuranceInternational: Q1 profit falls after Japan sales suspension
• Negative Sentiment: Analyst caution — multiple firms (Barclays, Wells Fargo, Morgan Stanley) have underweight ratings or lowered price targets after the print, keeping downside pressure on the stock. Benzinga: Analyst notes

Insider Activity at Prudential Financial

In other Prudential Financial news, EVP Jacques Chappuis purchased 1,000 shares of the business's stock in a transaction that occurred on Friday, February 6th. The shares were bought at an average price of $100.97 per share, for a total transaction of $100,970.00. Following the acquisition, the executive vice president owned 1,000 shares in the company, valued at $100,970. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas D. Stoddard bought 250 shares of Prudential Financial stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average cost of $102.97 per share, with a total value of $25,742.50. Following the acquisition, the director owned 250 shares of the company's stock, valued at $25,742.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 1,650 shares of company stock worth $168,841 over the last quarter. Insiders own 0.05% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on PRU shares. UBS Group reduced their price objective on shares of Prudential Financial from $105.00 to $98.00 and set a "neutral" rating on the stock in a research report on Thursday, April 9th. Keefe, Bruyette & Woods cut their price objective on Prudential Financial from $104.00 to $100.00 and set a "market perform" rating on the stock in a research report on Thursday, April 23rd. Evercore restated a "negative" rating on shares of Prudential Financial in a report on Friday, March 6th. Piper Sandler decreased their price target on shares of Prudential Financial from $105.00 to $99.00 and set a "neutral" rating for the company in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group lowered Prudential Financial from a "buy" rating to a "hold" rating and decreased their target price for the company from $124.00 to $98.00 in a research report on Wednesday, April 22nd. Nine analysts have rated the stock with a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $99.92.

Prudential Financial Stock Performance

Shares of Prudential Financial stock opened at $100.10 on Thursday. The firm has a market capitalization of $34.82 billion, a P/E ratio of 10.30, a PEG ratio of 1.82 and a beta of 0.86. Prudential Financial, Inc. has a 52 week low of $91.89 and a 52 week high of $119.76. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average price of $96.89 and a 200 day moving average price of $104.58.

Prudential Financial (NYSE:PRU - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $3.61 EPS for the quarter, topping the consensus estimate of $3.09 by $0.52. The business had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $14.10 billion. Prudential Financial had a net margin of 5.83% and a return on equity of 16.36%. During the same period in the previous year, the firm posted $3.29 earnings per share. Sell-side analysts expect that Prudential Financial, Inc. will post 13.66 EPS for the current year.

About Prudential Financial

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential's long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential's core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.

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