Headlines about Prudential Financial (NYSE:PRU) have been trending somewhat positive recently, according to Accern. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Prudential Financial earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.5302784858072 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
Shares of Prudential Financial (NYSE PRU) traded up 0.18% during midday trading on Wednesday, reaching $102.36. 1,618,655 shares of the company traded hands. The company’s 50 day moving average is $105.91 and its 200-day moving average is $107.21. Prudential Financial has a 12 month low of $78.37 and a 12 month high of $115.26. The stock has a market capitalization of $43.71 billion, a price-to-earnings ratio of 11.43 and a beta of 1.49.
Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.61). Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The firm had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the prior year, the business earned $1.84 EPS. Equities research analysts forecast that Prudential Financial will post $10.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, August 18th. Prudential Financial’s dividend payout ratio is currently 33.63%.
A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. BidaskClub upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Credit Suisse Group dropped their target price on shares of Prudential Financial from $121.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 23rd. Wells Fargo & Company reiterated a “hold” rating on shares of Prudential Financial in a research report on Tuesday, June 6th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Prudential Financial currently has an average rating of “Buy” and an average target price of $111.49.
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In other Prudential Financial news, insider Stephen Pelletier sold 4,133 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $112.18, for a total value of $463,639.94. Following the completion of the transaction, the insider now directly owns 10,924 shares in the company, valued at $1,225,454.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nicholas C. Silitch sold 14,897 shares of Prudential Financial stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total value of $1,638,670.00. Following the transaction, the insider now owns 21,274 shares of the company’s stock, valued at $2,340,140. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 220,615 shares of company stock worth $24,276,660. 0.66% of the stock is currently owned by insiders.
About Prudential Financial
Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.
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