Press coverage about Prudential Financial (NYSE:PRU) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Prudential Financial earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.5365820220197 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Prudential Financial, Inc. — Moody’s rates Prudential’s senior unsecured notes Baa1 (finance.yahoo.com)
- Prudential Financial, Inc. Announces Pricing Terms & Election to Increase the 2047 Notes Cap & the 2049 Notes Cap of its Priv… (ih.advfn.com)
- BRIEF-Prudential Financial Elects To Increase 2047 And 2049 Notes Cap Of Its Private Exchange Offers (uk.reuters.com)
- Prudential Financial, Inc. Announces Pricing Terms and Election to Increase the 2047 Notes Cap and the 2049 Notes Cap of its Private Exchange Offers of Certain Outstanding … (businesswire.com)
- Prudential Financial, Inc. Announces Pricing Terms and Election to Increase the 2047 Notes Cap and the 2049 Notes Cap of its Private Exchange Offers of Certain Outstanding Notes for New Notes (markets.financialcontent.com)
Shares of Prudential Financial (PRU) traded up $0.95 during trading on Thursday, hitting $116.33. The stock had a trading volume of 1,035,868 shares, compared to its average volume of 1,847,389. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market capitalization of $48,976.24, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.30 and a beta of 1.55. Prudential Financial has a twelve month low of $97.88 and a twelve month high of $117.99.
Prudential Financial (NYSE:PRU) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, beating the consensus estimate of $2.71 by $0.30. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. The business had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $12.24 billion. During the same period in the prior year, the business posted $2.66 earnings per share. equities research analysts expect that Prudential Financial will post 10.44 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Monday, November 27th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Friday, November 24th. Prudential Financial’s dividend payout ratio is 30.18%.
A number of research analysts recently commented on PRU shares. Keefe, Bruyette & Woods restated a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. Citigroup upgraded Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Tuesday, October 17th. Zacks Investment Research upgraded Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Tuesday, October 10th. FBR & Co upgraded Prudential Financial from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $117.00 to $100.00 in a research note on Tuesday, October 10th. Finally, B. Riley restated a “buy” rating on shares of Prudential Financial in a research note on Monday, November 6th. Eight 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 stock. Prudential Financial currently has a consensus rating of “Buy” and a consensus price target of $115.64.
In related news, EVP Charles F. Lowrey sold 44,630 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $111.91, for a total value of $4,994,543.30. Following the completion of the sale, the executive vice president now directly owns 79,354 shares of the company’s stock, valued at approximately $8,880,506.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas C. Silitch sold 44,860 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $111.77, for a total value of $5,014,002.20. Following the completion of the sale, the insider now directly owns 27,927 shares of the company’s stock, valued at $3,121,400.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,017 shares of company stock valued at $11,219,151. 0.66% of the stock is currently 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.
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