Seaward Management Limited Partnership buys $14,587,133 stake in Prudential Financial Inc (PRU)

Prudential Financial Inc (PRU) : Seaward Management Limited Partnership scooped up 85 additional shares in Prudential Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 193,412 shares of Prudential Financial Inc which is valued at $14,587,133.Prudential Financial Inc makes up approximately 0.77% of Seaward Management Limited Partnership’s portfolio.

Other Hedge Funds, Including , Artemis Investment Management Llp boosted its stake in PRU in the latest quarter, The investment management firm added 40,800 additional shares and now holds a total of 97,900 shares of Prudential Financial Inc which is valued at $7,383,618. Prudential Financial Inc makes up approx 0.19% of Artemis Investment Management Llp’s portfolio.Jfs Wealth Advisors reduced its stake in PRU by selling 453 shares or 17.89% in the most recent quarter. The Hedge Fund company now holds 2,079 shares of PRU which is valued at $156,798. Prudential Financial Inc makes up approx 0.04% of Jfs Wealth Advisors’s portfolio.New York State Teachers Retirement System reduced its stake in PRU by selling 14,876 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 852,187 shares of PRU which is valued at $64,561,687. Prudential Financial Inc makes up approx 0.16% of New York State Teachers Retirement System’s portfolio.Sentinel Trust Co Lba reduced its stake in PRU by selling 2,180 shares or 2.37% in the most recent quarter. The Hedge Fund company now holds 89,617 shares of PRU which is valued at $6,769,668. Prudential Financial Inc makes up approx 0.95% of Sentinel Trust Co Lba’s portfolio.

Prudential Financial Inc closed down -0.48 points or -0.63% at $75.29 with 25,58,224 shares getting traded on Friday. Post opening the session at $75.07, the shares hit an intraday low of $75.01 and an intraday high of $75.9 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Prudential Financial Inc reported $2.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $2.36. The company had revenue of $11929.00 million for the quarter, compared to analysts expectations of $11225.08 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.79 EPS.

Many Wall Street Analysts have commented on Prudential Financial Inc. Prudential Financial Inc was Downgraded by BofA/Merrill to ” Underperform” on Jun 29, 2016.

Prudential Financial Inc. is a financial services company. The Company through its subsidiaries and affiliates provides a arrange of financial products and services including life insurance annuities retirement-related services mutual funds and investment management. The Company has organized its principal operations into the Financial Services Businesses and the Closed Block Business. The Financial Services Businesses consists of three divisions containing six segments and the Company’s corporate operations. The Financial Services Businesses operate through three operating divisions: U.S. Retirement Solutions and Investment Management U.S. Individual Life and Group Insurance and International Insurance. The Company’s investment portfolio consists of public and private fixed maturity securities commercial mortgage and other loans equity securities and other invested assets.

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