Prudential Financial (PRU) Earning Favorable News Coverage, Accern Reports

Media stories about Prudential Financial (NYSE:PRU) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Prudential Financial earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.2462491837976 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

A number of equities research analysts recently weighed in on the company. ValuEngine upgraded Prudential Financial from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 5th. Royal Bank of Canada upgraded Prudential Financial from a “sector perform” rating to an “outperform” rating in a research note on Monday, February 12th. They noted that the move was a valuation call. B. Riley restated a “buy” rating on shares of Prudential Financial in a research note on Monday, November 6th. Sandler O’Neill restated a “buy” rating and issued a $134.00 price target on shares of Prudential Financial in a research note on Thursday, January 11th. Finally, Morgan Stanley dropped their price target on Prudential Financial from $133.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 8th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $119.14.

Prudential Financial (NYSE PRU) traded down $0.30 during mid-day trading on Friday, reaching $109.43. The company’s stock had a trading volume of 2,506,455 shares, compared to its average volume of 2,380,000. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.32. The company has a market cap of $46,400.00, a PE ratio of 6.13, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. Prudential Financial has a 1 year low of $97.88 and a 1 year high of $127.14.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.05. The firm had revenue of $15.25 billion for the quarter, compared to analysts’ expectations of $12.87 billion. Prudential Financial had a return on equity of 9.29% and a net margin of 13.41%. During the same quarter last year, the business earned $2.46 EPS. equities research analysts expect that Prudential Financial will post 12.06 earnings per share for the current fiscal year.

Prudential Financial declared that its board has authorized a stock repurchase program on Thursday, December 14th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.90 per share. This is a boost from Prudential Financial’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $3.60 annualized dividend and a yield of 3.29%. Prudential Financial’s dividend payout ratio (DPR) is presently 16.80%.

In related news, EVP Timothy P. Harris sold 10,527 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $115.00, for a total value of $1,210,605.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Barbara Koster sold 16,801 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $115.17, for a total value of $1,934,971.17. Following the completion of the transaction, the senior vice president now owns 37,327 shares in the company, valued at approximately $4,298,950.59. The disclosure for this sale can be found here. 0.66% of the stock is owned by company insiders.

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Prudential Financial Company Profile

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.

Insider Buying and Selling by Quarter for Prudential Financial (NYSE:PRU)

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