Canandaigua National Bank & Trust Co. Buys Shares of 7,804 Prudential Financial, Inc. $PRU

Posted by Brenda Bartman on Aug 6th, 2026

Canandaigua National Bank & Trust Co. purchased a new position in shares of Prudential Financial, Inc. (NYSE:PRU – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,804 shares of the financial services provider’s stock, valued at approximately $842,000.

Other institutional investors have also recently made changes to their positions in the company. Moody National Bank Trust Division increased its stake in Prudential Financial by 5.9% during the 2nd quarter. Moody National Bank Trust Division now owns 6,474 shares of the financial services provider’s stock worth $699,000 after buying an additional 360 shares during the period. CoreCap Advisors LLC grew its stake in shares of Prudential Financial by 76.1% in the second quarter. CoreCap Advisors LLC now owns 3,286 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 1,420 shares in the last quarter. Howard Financial Services LTD. increased its position in shares of Prudential Financial by 6.4% during the second quarter. Howard Financial Services LTD. now owns 2,512 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 151 shares during the period. Versant Capital Management Inc raised its stake in shares of Prudential Financial by 60.6% in the second quarter. Versant Capital Management Inc now owns 2,717 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 1,025 shares in the last quarter. Finally, CX Institutional grew its stake in Prudential Financial by 14.9% during the 2nd quarter. CX Institutional now owns 4,712 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 611 shares in the last quarter. Institutional investors and hedge funds own 56.83% of the company’s stock.

Prudential Financial Trading Down 2.7%

NYSE PRU opened at $120.16 on Thursday. Prudential Financial, Inc. has a 12 month low of $91.89 and a 12 month high of $127.72. The company has a market capitalization of $41.69 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 2.43 and a beta of 0.84. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.16 and a quick ratio of 0.16. The firm’s fifty day moving average price is $112.03 and its 200 day moving average price is $104.55.

Prudential Financial (NYSE:PRU – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $4.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $0.56. The company had revenue of $14.15 billion during the quarter, compared to the consensus estimate of $14.36 billion. Prudential Financial had a net margin of 6.51% and a return on equity of 16.60%. During the same quarter in the prior year, the firm posted $3.58 earnings per share. On average, sell-side analysts expect that Prudential Financial, Inc. will post 13.86 earnings per share for the current fiscal year.

Prudential Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Tuesday, May 26th were paid a $1.40 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $5.60 dividend on an annualized basis and a yield of 4.7%. Prudential Financial’s payout ratio is currently 57.61%.

Insider Buying and Selling at Prudential Financial

In other news, major shareholder Insurance Co Of Ame Prudential sold 214,746 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $24.75, for a total transaction of $5,314,963.50. Following the transaction, the insider directly owned 7,973,657 shares in the company, valued at approximately $197,348,010.75. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.05% of the company’s stock.

More Prudential Financial News

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

Positive Sentiment: Prudential reported second-quarter adjusted operating earnings of $4.08 per share, well above the $3.47–$3.52 analyst consensus and up from $3.58 a year earlier. Results benefited from stronger performance at PGIM and International Businesses, higher investment income, and record Group Insurance results. PRU Q2 Earnings Beat Estimates on PGIM and International Strength
Positive Sentiment: Net income rose to $985 million from $533 million a year earlier. Total assets under management reached $1.642 trillion, while PGIM assets under management increased 4% year over year to $1.491 trillion. Prudential also returned $743 million to shareholders through dividends and share repurchases. Prudential Financial Announces Second Quarter 2026 Results
Neutral Sentiment: Revenue of approximately $14.15 billion was slightly below the $14.36 billion consensus estimate, although other reported metrics generally showed resilient underwriting and operating performance. Management’s earnings call provided additional detail on business trends and capital deployment. Prudential Financial Q2 2026 Earnings Call Transcript
Negative Sentiment: Chinese mainland tax authorities reportedly began applying personal income tax to returns from offshore insurance policies. Investors fear the move could reduce demand for Hong Kong insurance products and pressure Prudential’s regional growth, contributing to a sharp decline in the shares. Prudential slides after report on China offshore insurance tax
Negative Sentiment: Investors are also weighing approximately $20 million to $40 million of weaker-than-expected alternative investment income, a roughly $90 million negative actuarial-review impact in Retirement, and the previously disclosed $525 million to $575 million reduction in 2026 pretax operating income from the suspension of new sales at Prudential of Japan. Prudential Falls as Investors Weigh Soft Q2 Signals and Japan Pressure

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PRU shares. Jefferies Financial Group increased their price target on Prudential Financial from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Friday, July 10th. TD Cowen boosted their price objective on Prudential Financial from $102.00 to $114.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Bank of America reduced their target price on shares of Prudential Financial from $112.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Barclays boosted their price target on shares of Prudential Financial from $90.00 to $92.00 and gave the stock an “underweight” rating in a report on Tuesday, July 7th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $92.00 price objective (down from $106.00) on shares of Prudential Financial in a research report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $105.46.

Get Our Latest Stock Analysis on PRU

Prudential Financial Company Profile

(Free Report)

Prudential Financial, Inc, headquartered in Newark, New Jersey, is a diversified financial services company with roots dating to 1875. The firm provides a range of insurance, retirement and investment products aimed at helping individual and institutional clients manage risk, accumulate and protect wealth, and plan for retirement. Prudential’s long history in life insurance and related financial services has positioned it as a major participant in the U.S. insurance market and a provider of services to a broad client base.

Prudential’s core business activities include individual life insurance, annuities, retirement solutions and group insurance products for employers.