WINTON GROUP Ltd reduced its holdings in shares of Prudential Financial Inc (NYSE:PRU) by 54.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,022 shares of the financial services provider’s stock after selling 5,957 shares during the quarter. WINTON GROUP Ltd’s holdings in Prudential Financial were worth $577,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its stake in Prudential Financial by 35.7% in the 3rd quarter. Victory Capital Management Inc. now owns 88,236 shares of the financial services provider’s stock valued at $9,381,000 after purchasing an additional 23,200 shares during the period. American Century Companies Inc. lifted its position in shares of Prudential Financial by 13.6% during the 3rd quarter. American Century Companies Inc. now owns 26,267 shares of the financial services provider’s stock valued at $2,793,000 after acquiring an additional 3,153 shares during the period. Alps Advisors Inc. lifted its position in shares of Prudential Financial by 18.7% during the 3rd quarter. Alps Advisors Inc. now owns 7,366 shares of the financial services provider’s stock valued at $783,000 after acquiring an additional 1,159 shares during the period. FDx Advisors Inc. lifted its position in shares of Prudential Financial by 8.8% during the 3rd quarter. FDx Advisors Inc. now owns 19,688 shares of the financial services provider’s stock valued at $2,093,000 after acquiring an additional 1,592 shares during the period. Finally, HL Financial Services LLC lifted its position in shares of Prudential Financial by 11.7% during the 3rd quarter. HL Financial Services LLC now owns 36,675 shares of the financial services provider’s stock valued at $3,899,000 after acquiring an additional 3,843 shares during the period. Institutional investors own 66.79% of the company’s stock.
In other Prudential Financial news, SVP Barbara Koster sold 16,801 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,298,950.59. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephen Pelletier sold 40,729 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $108.75, for a total value of $4,429,278.75. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by insiders.
PRU stock traded up $0.16 during trading on Friday, hitting $108.65. The stock had a trading volume of 3,547,043 shares, compared to its average volume of 2,054,425. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.13 and a quick ratio of 0.13. Prudential Financial Inc has a 12 month low of $97.88 and a 12 month high of $127.14. The firm has a market cap of $45,850.30, a PE ratio of 6.07, a P/E/G ratio of 1.13 and a beta of 1.54.
Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.05. Prudential Financial had a return on equity of 9.29% and a net margin of 13.41%. The company had revenue of $15.25 billion during the quarter, compared to analysts’ expectations of $12.87 billion. During the same quarter in the previous year, the firm earned $2.46 EPS. research analysts anticipate that Prudential Financial Inc will post 12.06 earnings per share for the current year.
Prudential Financial declared that its Board of Directors has initiated a share repurchase program on Thursday, December 14th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.31%. This is a boost from Prudential Financial’s previous quarterly dividend of $0.75. Prudential Financial’s payout ratio is 20.10%.
A number of research firms have recently weighed in on PRU. Wells Fargo set a $122.00 target price on Prudential Financial and gave the company a “hold” rating in a research report on Thursday, December 14th. Atlantic Securities upgraded Prudential Financial from a “neutral” rating to an “overweight” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded Prudential Financial from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research report on Monday, January 8th. Deutsche Bank cut their target price on Prudential Financial from $132.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Finally, ValuEngine upgraded Prudential Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 5th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $118.45.
COPYRIGHT VIOLATION NOTICE: This news story was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/03/18/winton-group-ltd-has-577000-position-in-prudential-financial-inc-pru.html.
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.
Receive News & Ratings for Prudential Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial and related companies with MarketBeat.com's FREE daily email newsletter.