Wedge Capital Management L L P NC Purchases 26,120 Shares of Prudential Financial, Inc. $PRU

Key Points

• Wedge Capital Management increased its Prudential Financial stake by 8.7%, purchasing 26,120 shares to hold 325,257 shares valued at approximately $35.1 million. Institutional investors collectively own 56.83% of PRU.
• Prudential reported strong second-quarter earnings of $4.08 per share, beating estimates of $3.52, while revenue of roughly $14.15 billion fell short of expectations. The company declared a quarterly dividend of $1.40, equivalent to a 4.6% annual yield.
• Analysts have raised several price targets, but sentiment remains cautious: PRU has a consensus “Reduce” rating and a $107.62 target price, below its recent $122.37 share price. A major shareholder also sold 214,746 shares in a disclosed transaction.

Wedge Capital Management L L P NC lifted its position in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 8.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 325,257 shares of the financial services provider's stock after purchasing an additional 26,120 shares during the quarter. Wedge Capital Management L L P NC owned about 0.09% of Prudential Financial worth $35,105,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PRU. State Street Corp raised its position in shares of Prudential Financial by 1.2% during the 4th quarter. State Street Corp now owns 17,234,061 shares of the financial services provider's stock valued at $1,945,381,000 after buying an additional 210,959 shares in the last quarter. Geode Capital Management LLC grew its position in Prudential Financial by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 9,533,806 shares of the financial services provider's stock worth $1,078,904,000 after acquiring an additional 26,414 shares in the last quarter. Morgan Stanley increased its stake in Prudential Financial by 6.7% in the fourth quarter. Morgan Stanley now owns 6,649,202 shares of the financial services provider's stock valued at $750,562,000 after acquiring an additional 420,081 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Prudential Financial by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,758,545 shares of the financial services provider's stock valued at $367,089,000 after purchasing an additional 166,641 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Prudential Financial by 95.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,556,748 shares of the financial services provider's stock worth $249,769,000 after purchasing an additional 1,247,371 shares during 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 stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $24.75, for a total transaction of $5,314,963.50. Following the completion of the sale, the insider directly owned 7,973,657 shares in the company, valued at approximately $197,348,010.75. This represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.05% of the company's stock.

Key Prudential Financial News

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

• Positive Sentiment: Prudential’s second-quarter 2026 non-GAAP earnings reached $4.08 per share, 16% above consensus estimates. Management’s focus on core markets, margin expansion and operational streamlining could improve profitability and efficiency. PRU Q2 Deep Dive: Strategy Shift to Core Markets, Margin Expansion, and Operational Streamlining
• Positive Sentiment: Dowling & Partners raised its EPS forecasts for PRU to $14.90 for 2026, $15.15 for 2027 and $16.45 for 2028. The 2026 estimate is above the broader consensus forecast of $13.92, suggesting expectations for sustained earnings momentum.
• Neutral Sentiment: Piper Sandler lifted its price target from $110 to $128 but retained a neutral rating. The new target implies modest additional upside and indicates the firm sees limited valuation-driven gains at current levels. Benzinga analyst update
• Neutral Sentiment: Keefe, Bruyette & Woods raised its target from $113 to $123 while maintaining a market perform rating. The target is close to the stock’s recent trading level, providing little evidence of a major re-rating. Benzinga analyst update
• Neutral Sentiment: Prudential’s revenue rose 4.8% year over year to $14.16 billion, but missed Wall Street expectations of $14.36 billion. The revenue weakness partially offsets the strong earnings beat and remains a potential pressure point for investors.
• Neutral Sentiment: Expectations that interest rates could rise in September may benefit insurers through higher investment yields, but could also increase market volatility and pressure asset valuations. The impact on PRU is therefore mixed.

Prudential Financial Stock Up 0.2%

PRU opened at $122.37 on Wednesday. The company has a market cap of $42.22 billion, a P/E ratio of 11.08, a P/E/G ratio of 2.34 and a beta of 0.84. Prudential Financial, Inc. has a 12 month low of $91.89 and a 12 month high of $127.72. The business's 50-day moving average price is $113.68 and its 200-day moving average price is $104.87. 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 EPS for the quarter, topping analysts' consensus estimates of $3.52 by $0.56. Prudential Financial had a return on equity of 16.68% and a net margin of 6.51%.The business had revenue of $14.15 billion for the quarter, compared to analysts' expectations of $14.36 billion. During the same period in the previous year, the firm earned $3.58 EPS. On average, equities analysts expect that Prudential Financial, Inc. will post 14.07 EPS for the current year.

Prudential Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Tuesday, August 25th will be issued a $1.40 dividend. This represents a $5.60 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, August 25th. Prudential Financial's dividend payout ratio (DPR) is 50.72%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PRU shares. Bank of America cut their price objective on Prudential Financial from $112.00 to $104.00 and set a "neutral" rating for the company in a report on Tuesday, April 14th. JPMorgan Chase & Co. boosted their target price on Prudential Financial from $117.00 to $129.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Mizuho upped their target price on Prudential Financial from $101.00 to $109.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Keefe, Bruyette & Woods lifted their price target on shares of Prudential Financial from $113.00 to $123.00 and gave the stock a "market perform" rating in a research note on Tuesday. Finally, TD Cowen boosted their price objective on shares of Prudential Financial from $102.00 to $114.00 and gave the stock a "hold" rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $107.62.

Prudential Financial Profile

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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