Insider Selling: Prudential (PRU) Insider Sells 81,468 Shares of Stock

Prudential (LON:PRU) insider John W. Foley sold 81,468 shares of Prudential stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of GBX 1,747 ($24.52), for a total transaction of £1,423,245.96 ($1,997,818.59).

John W. Foley also recently made the following trade(s):

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  • On Thursday, March 8th, John W. Foley bought 10 shares of Prudential stock. The stock was bought at an average cost of GBX 1,825 ($25.62) per share, with a total value of £182.50 ($256.18).

Shares of PRU traded down GBX 39.50 ($0.55) during trading hours on Wednesday, reaching GBX 1,739 ($24.41). 2,244,720 shares of the stock traded hands, compared to its average volume of 4,740,000. Prudential has a 52-week low of GBX 1,612.14 ($22.63) and a 52-week high of GBX 1,992.50 ($27.97).

Prudential (LON:PRU) last released its earnings results on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($2.04) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 139 ($1.95) by GBX 6.20 ($0.09). Prudential had a net margin of 3.50% and a return on equity of 19.94%. The company had revenue of GBX 4,400.50 billion for the quarter.

The company also recently announced a dividend, which will be paid on Friday, May 18th. Investors of record on Thursday, March 29th will be paid a dividend of GBX 32.50 ($0.46) per share. This is a boost from Prudential’s previous dividend of $14.50. The ex-dividend date of this dividend is Thursday, March 29th. This represents a dividend yield of 1.7%.

Several research analysts have recently weighed in on the stock. Goldman Sachs set a GBX 2,080 ($29.20) price target on shares of Prudential and gave the stock a “buy” rating in a research note on Monday, December 11th. Bank of America set a GBX 2,300 ($32.29) price target on shares of Prudential and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Deutsche Bank lifted their price target on shares of Prudential from GBX 2,000 ($28.07) to GBX 2,050 ($28.78) and gave the stock a “buy” rating in a research note on Thursday, January 4th. Credit Suisse Group set a GBX 2,180 ($30.60) price target on shares of Prudential and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Citigroup set a GBX 2,186 ($30.69) price target on shares of Prudential and gave the stock a “buy” rating in a research note on Friday, January 12th. Five equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Prudential has an average rating of “Buy” and an average target price of GBX 2,119.11 ($29.75).

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Prudential Company Profile

Prudential Public Limited Company is an international financial services company. The Company offers a range of retail financial products and services and asset management services throughout these territories. The Company operates through Insurance operations and Asset management operations. The retail financial products and services include life insurance, pensions and annuities as well as collective investment schemes.

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

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