Prudential Financial (PRU) Projected to Post Earnings on Wednesday

Prudential Financial (NYSE:PRU - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $3.37 per share and revenue of $14.76 billion for the quarter.

Prudential Financial (NYSE:PRU - Get Free Report) last announced its earnings results on Tuesday, February 4th. The financial services provider reported $2.96 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.40). Prudential Financial had a return on equity of 15.86% and a net margin of 4.01%. On average, analysts expect Prudential Financial to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Prudential Financial Trading Up 0.6 %

Shares of Prudential Financial stock traded up $0.62 during trading on Monday, hitting $103.52. The stock had a trading volume of 239,555 shares, compared to its average volume of 1,603,760. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $36.69 billion, a PE ratio of 13.85, a P/E/G ratio of 0.98 and a beta of 1.11. Prudential Financial has a 1 year low of $90.38 and a 1 year high of $130.55. The stock has a 50 day simple moving average of $106.64 and a 200 day simple moving average of $116.14.

Prudential Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th were paid a dividend of $1.35 per share. This is an increase from Prudential Financial's previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend was Tuesday, February 18th. Prudential Financial's payout ratio is 72.29%.

Insider Buying and Selling

In other Prudential Financial news, EVP Andrew F. Sullivan sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $105.98, for a total value of $635,880.00. Following the sale, the executive vice president now owns 27,072 shares of the company's stock, valued at $2,869,090.56. This trade represents a 18.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Insurance Co Of Ame Prudential acquired 52,595 shares of Prudential Financial stock in a transaction dated Tuesday, March 25th. The stock was acquired at an average cost of $28.52 per share, with a total value of $1,500,009.40. Following the completion of the transaction, the insider now directly owns 139,987 shares of the company's stock, valued at $3,992,429.24. This trade represents a 60.18 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.25% of the company's stock.

Institutional Trading of Prudential Financial

A hedge fund recently raised its stake in Prudential Financial stock. Brighton Jones LLC raised its position in Prudential Financial, Inc. (NYSE:PRU - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,681 shares of the financial services provider's stock after acquiring an additional 133 shares during the period. Brighton Jones LLC's holdings in Prudential Financial were worth $436,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 56.83% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on PRU shares. UBS Group decreased their target price on Prudential Financial from $130.00 to $122.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their target price on Prudential Financial from $125.00 to $120.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler dropped their target price on Prudential Financial from $122.00 to $110.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Barclays lowered their price objective on shares of Prudential Financial from $134.00 to $106.00 and set an "equal weight" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley cut their target price on shares of Prudential Financial from $136.00 to $128.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $121.85.

Prudential Financial Company Profile

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.