Prudential Financial (NYSE:PRU) Stock Gets Price Target Trim from Deutsche Bank Aktiengesellschaft

by · The Markets Daily

Prudential Financial (NYSE:PRU – Get Free Report) had its price objective lowered by stock analysts at Deutsche Bank Aktiengesellschaft from $105.00 to $102.00 in a report issued on Friday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft‘s target price would suggest a potential downside of 11.32% from the company’s previous close.

PRU has been the topic of several other research reports. Piper Sandler lowered their price target on shares of Prudential Financial from $128.00 to $120.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. JPMorgan Chase & Co. reduced their price objective on shares of Prudential Financial from $127.00 to $124.00 and set a “neutral” rating for the company in a report on Thursday. Mizuho set a $108.00 target price on shares of Prudential Financial in a research report on Monday, October 12th. Morgan Stanley lowered their target price on shares of Prudential Financial from $105.00 to $100.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, Jefferies Financial Group raised their price target on shares of Prudential Financial from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Friday, July 10th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $111.33.

Get Our Latest Stock Analysis on Prudential Financial

Prudential Financial Stock Performance

Shares of PRU traded down $3.15 on Friday, reaching $115.02. 2,012,425 shares of the stock traded hands, compared to its average volume of 2,013,463. The firm has a market cap of $39.68 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 1.73 and a beta of 0.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.16 and a quick ratio of 0.16. Prudential Financial has a 12 month low of $91.89 and a 12 month high of $127.72. The stock’s 50-day moving average price is $117.85 and its 200-day moving average price is $111.39.

Prudential Financial (NYSE:PRU – Get Free Report) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $4.08 EPS for the quarter, topping the consensus estimate of $3.52 by $0.56. The firm had revenue of $14.15 billion during the quarter, compared to analysts’ expectations of $14.36 billion. Prudential Financial had a return on equity of 16.68% and a net margin of 6.51%. During the same period last year, the business earned $3.58 earnings per share. Equities analysts forecast that Prudential Financial will post 14.37 EPS for the current fiscal year.

Insider Buying and Selling at Prudential Financial

In other news, EVP Ann Kappler sold 7,652 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $125.01, for a total value of $956,576.52. Following the sale, the executive vice president owned 14,407 shares of the company’s stock, valued at approximately $1,801,019.07. This represents a 34.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $24.75, for a total transaction of $5,314,963.50. Following the sale, the insider owned 7,973,657 shares of the company’s stock, valued at $197,348,010.75. This trade represents a 2.62% decrease in their position. The SEC filing for this sale provides additional information. 0.05% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Plimoth Trust Co. LLC grew its position in Prudential Financial by 2.4% during the 2nd quarter. Plimoth Trust Co. LLC now owns 3,860 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 90 shares during the last quarter. Security National Bank of SO Dak raised its position in Prudential Financial by 0.6% in the 2nd quarter. Security National Bank of SO Dak now owns 14,676 shares of the financial services provider’s stock valued at $1,584,000 after purchasing an additional 90 shares during the last quarter. XXI Wealth LLC boosted its stake in Prudential Financial by 5.0% in the third quarter. XXI Wealth LLC now owns 1,967 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 93 shares in the last quarter. Keating Financial Advisory Services Inc. boosted its stake in Prudential Financial by 34.8% in the second quarter. Keating Financial Advisory Services Inc. now owns 395 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 102 shares in the last quarter. Finally, Apella Capital LLC grew its holdings in shares of Prudential Financial by 3.7% during the first quarter. Apella Capital LLC now owns 2,979 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 56.83% of the company’s stock.

More Prudential Financial News

Here are the key news stories impacting Prudential Financial this week:

  • Positive Sentiment: Prudential Financial is partnering with SoFi to make life-insurance products available through SoFi’s app, which reaches approximately 15 million members. The agreement could expand Prudential’s digital distribution and customer acquisition opportunities. SoFi and Prudential Financial team up to expand access to life insurance
  • Neutral Sentiment: Prudential reportedly agreed to sell its Brazil and Mexico businesses for about $4 billion as part of a broader international-market exit. The transaction could provide capital and simplify the company, although investors may weigh the loss of future growth in those markets. Newark’s Prudential Sells Brazil, Mexico Units for $4 Billion in Market Exit Push
  • Negative Sentiment: Analysts expect Prudential’s upcoming third-quarter earnings report to show a double-digit year-over-year decline in bottom-line results, raising concern about near-term earnings momentum. Here’s What to Expect From Prudential Financial’s Next Earnings Report
  • Negative Sentiment: DOWLING & PARTN reduced its EPS forecasts for fiscal 2026, 2027 and 2028 to $13.70, $13.80 and $15.30, respectively, from $14.65, $14.60 and $16.15. The cuts indicate expectations for slower profit growth than previously projected.
  • Negative Sentiment: JPMorgan lowered its price target from $127 to $124 and retained a “neutral” rating. TD Cowen also cut its target, adding to evidence of more cautious analyst sentiment. JPMorgan lowers Prudential Financial price target

About Prudential Financial

(Get Free Report)

Prudential Financial, Inc (NYSE: PRU) is a global financial services company that provides insurance, retirement, investment management and related financial products. Founded in Newark, New Jersey, in 1875, the company serves individuals, businesses and institutional investors through a range of businesses and distribution channels.

In the United States, Prudential offers life insurance, annuities, retirement plans and employee benefits, including group life, disability and dental insurance.

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