Hexagon Capital Partners LLC Sells 841 Shares of Prudential Financial, Inc. (NYSE:PRU)

Hexagon Capital Partners LLC lessened its stake in shares of Prudential Financial, Inc. (NYSE:PRU) by 20.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,352 shares of the financial services provider’s stock after selling 841 shares during the period. Hexagon Capital Partners LLC’s holdings in Prudential Financial were worth $394,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PRU. O Shaughnessy Asset Management LLC lifted its stake in Prudential Financial by 80.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 22,667 shares of the financial services provider’s stock valued at $2,151,000 after acquiring an additional 10,102 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Prudential Financial by 152.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 16,665 shares of the financial services provider’s stock valued at $1,581,000 after purchasing an additional 10,061 shares during the last quarter. United Services Automobile Association acquired a new position in Prudential Financial during the third quarter worth approximately $998,000. Lazard Asset Management LLC raised its stake in Prudential Financial by 218.9% in the third quarter. Lazard Asset Management LLC now owns 18,618 shares of the financial services provider’s stock valued at $1,765,000 after buying an additional 12,780 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Prudential Financial by 80.6% in the third quarter. AQR Capital Management LLC now owns 562,875 shares of the financial services provider’s stock valued at $53,411,000 after buying an additional 251,269 shares during the last quarter. 56.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PRU shares. Wells Fargo & Company increased their price target on Prudential Financial from $100.00 to $106.00 and gave the company an “underweight” rating in a research note on Thursday, April 11th. Evercore ISI raised their target price on shares of Prudential Financial from $115.00 to $116.00 and gave the stock an “underperform” rating in a research note on Thursday, April 25th. Morgan Stanley upped their price target on shares of Prudential Financial from $109.00 to $117.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Jefferies Financial Group reduced their price objective on Prudential Financial from $143.00 to $141.00 and set a “buy” rating for the company in a report on Friday. Finally, Keefe, Bruyette & Woods lifted their price target on Prudential Financial from $112.00 to $118.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $115.08.

Insiders Place Their Bets

In related news, major shareholder Insurance Co Of Ame Prudential acquired 652,884 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was acquired at an average price of $27.57 per share, with a total value of $18,000,011.88. Following the purchase, the insider now directly owns 3,883,390 shares in the company, valued at $107,065,062.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Insurance Co Of Ame Prudential bought 652,884 shares of the stock in a transaction on Thursday, June 20th. The stock was acquired at an average price of $27.57 per share, with a total value of $18,000,011.88. Following the acquisition, the insider now directly owns 3,883,390 shares in the company, valued at $107,065,062.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Timothy L. Schmidt sold 5,189 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $116.58, for a total value of $604,933.62. Following the sale, the senior vice president now owns 12,236 shares in the company, valued at $1,426,472.88. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.

Prudential Financial Trading Up 0.3 %

PRU opened at $117.53 on Tuesday. The stock has a market capitalization of $42.19 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of 0.88 and a beta of 1.34. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.67. Prudential Financial, Inc. has a twelve month low of $87.57 and a twelve month high of $121.39. The company has a 50-day simple moving average of $116.38 and a 200 day simple moving average of $110.96.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $3.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.04). The firm had revenue of $15.01 billion for the quarter, compared to the consensus estimate of $14.50 billion. Prudential Financial had a return on equity of 15.50% and a net margin of 3.76%. The business’s revenue was up 69.9% on a year-over-year basis. During the same period last year, the company posted $2.66 EPS. Analysts predict that Prudential Financial, Inc. will post 13.41 EPS for the current fiscal year.

Prudential Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Tuesday, May 21st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend was Monday, May 20th. Prudential Financial’s dividend payout ratio (DPR) is presently 88.44%.

Prudential Financial 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.