Which Insiders Are Selling Prudential Financial Inc. (PRU) Shares?

The stock of Prudential Financial Inc. (NYSE:PRU) increased by increased by $0.72 on Friday to finish at $113.99, up 0.64 percent. The last five days have seen an average of 1,159,280 shares of common stock traded. 34 times new highs were reached in the current year, with a gain of $35.92. The average number of shares traded over the last 20 days was 1,513,050, while the average volume over the last 50 days totaled 1,704,394.

PRU stock appreciated 10.44% since last month. On 09/23/21, the company’s shares reached a one-month low of $101.12. The stock touched a high of $114.63 on 10/21/21, after rallying from a low of $60.39 in 52 weeks. The price of PRU stock has risen by 46.01% or $35.92 this year, reaching a new high 34 times. Still, the stock price is down -0.56% from the 52-week high.

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Insider Transactions

There have been 17 days since Prudential Financial Inc. (PRU) last reported insider trading activity on Oct 08. On Oct 08, Chief Executive Officer Lowrey Charles F sold 37,011 shares at $110.00 each. This transaction resulted in the insider making $4,071,210. On Aug 24, SCHMIDT TIMOTHY L sold 6,579 shares at a price of US$104.91. After the transaction, the insider now owns 16,497 shares. EVP and CFO TANJI KENNETH had earlier sold 29,285 shares on Mar 22 for $90.94 a share. The transaction was completed for $2,663,056.

Valuation Metrics

Prudential Financial Inc. (PRU) has a trailing price-to-earnings (P/E) ratio of 6.29. This level actually compares favorably with the industry at large, as the PE for the Insurance – Life industry stands at about 7.51. Further, its PE also compares favorably with the Financial sector’s trailing 12 months PE ratio, which comes in at 13.15 right now. The PE ratio of Prudential Financial Inc. has varied between 16.47 and 3.859 in the last five years. Beta for the stock is 1.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.68, the price-to-book (PB) ratio of 0.71.

Prudential Financial Inc.’s dividend is $4.60 per share per year. With a dividend yield of 4.04%, PRU has a payout ratio of 24.70%. On Sep. 16, the company paid $1.15 per share in dividends, remained unchanged from $1.15 last year. A $0.05 dividend increase was reported on Thursday February 4 2021, making it the 5 consecutive year the dividend has increased. Over the last three years, dividends have increased by 46.67%.

The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.32, and the total debt to equity ratio is 0.33. Prudential Financial Inc.’s operating margin stood at 13.30% for the same period. Based on annual data, it had gross profit of -$227.0 million and revenue of $57.03 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PRU’s return on assets (ROA) during the last 12 months has been 0.80%. There was a -0.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 11.30%. ROE has averaged 11.41 in the past year for the broader industry.

Earnings Surprise

According to Prudential Financial Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $15.92 billion, while revenues rose by 23.89% to $16.95 billion. It was predicted that Prudential Financial Inc.’s quarterly earnings would be $3.79, but it ended up being $3.11, beating the consensus by 21.90%. EBITDA was $2.79 billion for the quarter. At the end of Prudential Financial Inc.’s most recent quarter ended June 29, its total debt was $34.94 billion. Equity owned by shareholders amounts to $386.0 million.

Technical Picture

Here’s a quick look at Prudential Financial Inc.’s (PRU) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 72.86%, suggesting the stock is Overbought, with a 18.52% historical volatility rate.

The stochastic %K and %D were 92.61% and 93.04% respectively, while the average true range (ATR) was 2.19. Based on the 14-day stochastic reading of 93.10%, the RSI (14) reading is 68.63%. On the 9-day MACD Oscillator, the stock is at 2.59, and the 14-day reading is at 3.40.

Analyst Ratings

In its analyst report released on April 21, 2021, UBS began covering Prudential Financial Inc. (NYSE: PRU). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Prudential Financial Inc. (PRU) an Hold rating. PRU is a stock that is recommended for selling by 0 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.

What is PRU’s price target for the next 12 months?

The current consensus forecast for the stock is between $101.00 and $131.00, with a median target price of $111.00. In analyzing these forecasts, the average price target given by analysts for Prudential Financial Inc. (PRU) is $111.18.


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