As of Thursday close, Prudential Financial Inc.’s (NYSE:PRU) stock was down -$1.96, moving down -1.98 percent to $96.97. The average number of shares traded per day over the past five days has been 1,694,280 shares. 3 times new highs have been achieved over the past 5 days, with a -$2.17 fall in that time frame. In the last twenty days, the average volume was 1,531,105, while in the previous 50 days, it was 1,500,196.
Since last month, PRU stock rose 7.48%. Shares of the company fell to $89.93 on 08/22/23, the lowest level in the past month. A 52-week high of $110.96 was reached on 02/08/23 after having rallying from a 52-week low of $75.37. Since the beginning of this year, PRU’s stock price has dropped by -2.50% or -$2.49, and marked a new high 7 times. However, the stock has declined by -12.61% since its 52-week high.
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PRU stock investors should be aware that Prudential Financial Inc. (PRU) stock had its last reported insider trading activity 70 days ago on Jul 14. PGIM Strategic Investments, In, the 10% Owner of the company, purchased of 763 shares for $26.20 on Jul 14. It resulted in a $20,000 investment by the insider. SULLIVAN ANDREW F sold 4,126 shares at an average price of $99.20 on Mar 03. The insider now owns 12,241 shares following the transaction. On Feb 17, Executive Vice President SULLIVAN ANDREW F sold 11,405 shares at $100.95 apiece. The transaction was valued at $1,151,335.
Valuation Metrics
Right now, Prudential Financial Inc. (PRU) has a P/E ratio of about 32.42. The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 0.55, the price-to-book (PB) ratio of 1.24, and the price-to-cash flow ratio of 8.52 may also be considered.
The latest dividend of $1.25 per share was paid out, remained unchanged from last year’s $1.25. On Tuesday May 9 2023, a $1.2390 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.68, and the total debt-to-equity ratio was 0.70. In the year ended June 29, operating margins totaled 2.00%. Based on annual data, PRU earned -$1.83 billion in gross profit and brought in $60.05 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -2.70%. Return on equity (ROE) for the past 12 months was 4.10%.
In Prudential Financial Inc.’s quarter-end financial report for June 29, it reported total debt of $18.88 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PRU’s revenue rose 3.53% to $17.05 billion during the quarter, while net income inched up to $13.5 billion. While analysts expected Prudential Financial Inc. to report $3.01 quarterly earnings, the actual figure was $2.94 per share, beating the consensus estimate by -2.30%. During the quarter, the company generated $626.0 million in EBITDA. The value of shareholders’ equity is $363.0 million.
Technical Picture
This quick technical analysis looks at Prudential Financial Inc.’s (PRU) price momentum. With a historical volatility rate of 18.75%, the RSI 9-day stood at 52.47% on 21 September.
With respect to its five-day moving average, the current Prudential Financial Inc. price is down by -2.19% percent or -$2.17. At present, PRU shares trade +6.06% above its 20-day simple moving average and +11.46% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.51% above its SMA50 and -9.95% below its SMA200.
Stochastic coefficient K was 74.20% and Stochastic coefficient D was 83.17%, while ATR was 1.60. Given the Stochastic reading of 52.39% for the 14-day period, the RSI (14) reading has been calculated as 55.58%. As of today, the MACD Oscillator reading stands at 0.50, while the 14-day reading stands at 1.54.
Analyst Ratings
Jefferies upgraded its rating on Prudential Financial Inc. (NYSE: PRU) to a Hold in a note to investors on September 14, 2023. The analysts firm previously had an Underperform rating on the stock.Prudential Financial Inc. (PRU) has been rated Hold by analysts. According to 4 brokerage firms, PRU is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Prudential Financial Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $100.00, the current consensus forecast for the stock is $85.00 – $125.00. Based on these forecasts, analysts predict Prudential Financial Inc. (PRU) will achieve an average price target of $100.97.
