abrdn plc Has $155.08 Million Stock Holdings in Prudential Financial, Inc. (NYSE:PRU)

abrdn plc raised its stake in Prudential Financial, Inc. (NYSE:PRU) by 0.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,309,662 shares of the financial services provider’s stock after purchasing an additional 507 shares during the period. abrdn plc owned 0.37% of Prudential Financial worth $155,077,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PRU. Grove Bank & Trust lifted its position in Prudential Financial by 65.9% during the fourth quarter. Grove Bank & Trust now owns 219 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 87 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Prudential Financial during the 3rd quarter worth approximately $31,000. CGC Financial Services LLC boosted its stake in Prudential Financial by 82.1% in the 4th quarter. CGC Financial Services LLC now owns 275 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 124 shares during the period. Quarry LP increased its position in Prudential Financial by 376.3% during the 3rd quarter. Quarry LP now owns 281 shares of the financial services provider’s stock worth $34,000 after buying an additional 222 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Prudential Financial during the fourth quarter worth $37,000. 56.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Insurance Co Of Ame Prudential bought 537,249 shares of the company’s stock in a transaction on Monday, November 25th. The stock was acquired at an average cost of $27.92 per share, for a total transaction of $14,999,992.08. Following the completion of the transaction, the insider now directly owns 4,780,293 shares in the company, valued at $133,465,780.56. This trade represents a 12.66 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.34% of the company’s stock.

Prudential Financial Price Performance

Shares of NYSE PRU opened at $118.85 on Tuesday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $120.80 and a two-hundred day simple moving average of $120.55. Prudential Financial, Inc. has a 1-year low of $101.72 and a 1-year high of $130.55. The firm has a market cap of $42.31 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.12 and a beta of 1.31.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PRU shares. TD Cowen increased their price objective on shares of Prudential Financial from $130.00 to $133.00 and gave the stock a “hold” rating in a research note on Wednesday, November 27th. Barclays increased their target price on shares of Prudential Financial from $127.00 to $128.00 and gave the stock an “equal weight” rating in a report on Thursday, January 23rd. Jefferies Financial Group lifted their price target on shares of Prudential Financial from $149.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods lowered their price target on shares of Prudential Financial from $135.00 to $129.00 and set a “market perform” rating for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company dropped their target price on Prudential Financial from $117.00 to $115.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Prudential Financial currently has an average rating of “Hold” and a consensus target price of $125.31.

Prudential Financial Company Profile

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.