HB Wealth Management LLC提振了保诚金融公司（纽约证券交易所代码：PRU）的股份

HB Wealth Management LLC increased its position in shares of Prudential Financial, Inc. (NYSE:PRU – Get Rating) by 22.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,526 shares of the financial services provider's stock after purchasing an additional 815 shares during the quarter. HB Wealth Management LLC's holdings in Prudential Financial were worth $450,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. V Wealth Advisors LLC lifted its stake in Prudential Financial by 9.9% in the fourth quarter. V Wealth Advisors LLC now owns 3,267 shares of the financial services provider's stock valued at $325,000 after buying an additional 295 shares during the last quarter. S.C. Financial Services Inc. bought a new stake in Prudential Financial in the fourth quarter valued at $259,000. Octavia Wealth Advisors LLC lifted its stake in Prudential Financial by 1.8% in the fourth quarter. Octavia Wealth Advisors LLC now owns 14,719 shares of the financial services provider's stock valued at $1,464,000 after buying an additional 255 shares during the last quarter. Quent Capital LLC lifted its stake in Prudential Financial by 6.3% in the fourth quarter. Quent Capital LLC now owns 2,690 shares of the financial services provider's stock valued at $268,000 after buying an additional 159 shares during the last quarter. Finally, Pendal Group Ltd bought a new stake in Prudential Financial in the fourth quarter valued at $283,000. 56.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on PRU. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $110.00 price objective on shares of Prudential Financial in a report on Thursday, February 9th. JPMorgan Chase & Co. reduced their price objective on shares of Prudential Financial from $118.00 to $114.00 and set a "neutral" rating for the company in a report on Wednesday, February 8th. Morgan Stanley upped their price objective on shares of Prudential Financial from $112.00 to $114.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 10th. StockNews.com began coverage on shares of Prudential Financial in a report on Thursday, March 16th. They issued a "hold" rating for the company. Finally, The Goldman Sachs Group downgraded shares of Prudential Financial from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $98.00 to $96.00 in a report on Monday, January 9th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, Prudential Financial currently has an average rating of "Hold" and an average target price of $103.00.

Insiders Place Their Bets

In other news, EVP Andrew F. Sullivan sold 11,405 shares of the company's stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $100.95, for a total value of $1,151,334.75. Following the transaction, the executive vice president now owns 12,300 shares in the company, valued at approximately $1,241,685. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Andrew F. Sullivan sold 4,126 shares of the company's stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $99.20, for a total value of $409,299.20. Following the transaction, the executive vice president now owns 12,241 shares in the company, valued at approximately $1,214,307.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew F. Sullivan sold 11,405 shares of the company's stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $100.95, for a total value of $1,151,334.75. Following the completion of the transaction, the executive vice president now owns 12,300 shares in the company, valued at approximately $1,241,685. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company's stock.

Prudential Financial Price Performance

NYSE PRU opened at $82.74 on Friday. The stock's 50-day moving average price is $94.49 and its two-hundred day moving average price is $97.74. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.16. The company has a market cap of $30.36 billion, a PE ratio of -21.00, a PEG ratio of 0.52 and a beta of 1.41. Prudential Financial, Inc. has a 1 year low of $75.37 and a 1 year high of $122.54.

Prudential Financial (NYSE:PRU – Get Rating) last posted its quarterly earnings data on Tuesday, February 7th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.15). The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.78 billion. Prudential Financial had a positive return on equity of 13.31% and a negative net margin of 2.33%. During the same quarter in the previous year, the firm posted $3.18 EPS. On average, analysts predict that Prudential Financial, Inc. will post 12.2 EPS for the current year.

Prudential Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 16th. Shareholders of record on Tuesday, February 21st were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend was Friday, February 17th. This is an increase from Prudential Financial's previous quarterly dividend of $1.20. Prudential Financial's payout ratio is presently -126.90%.

Prudential Financial declared that its Board of Directors has authorized a share repurchase plan on Tuesday, February 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 2.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

About Prudential Financial

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Prudential Financial, Inc engages in the provision of insurance, investment management, and other financial products and services to both individual and institutional customers. It operates through the following segments: PGIM, U.S. Businesses, International Businesses, Closed Block, and Corporate and Others.

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