Prudential Financial Inc (PRU) : Benin Management Corp scooped up 7,350 additional shares in Prudential Financial Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 109,171 shares of Prudential Financial Inc which is valued at $8,687,828.Prudential Financial Inc makes up approximately 4.59% of Benin Management Corp’s portfolio.
Prudential Financial Inc opened for trading at $78.81 and hit $79.97 on the upside on Friday, eventually ending the session at $79.58, with a gain of 1.26% or 0.99 points. The heightened volatility saw the trading volume jump to 16,99,243 shares. Company has a market cap of $35,493 M.
Other Hedge Funds, Including , Delta Capital Management boosted its stake in PRU in the latest quarter, The investment management firm added 103 additional shares and now holds a total of 24,558 shares of Prudential Financial Inc which is valued at $1,954,326. Prudential Financial Inc makes up approx 1.34% of Delta Capital Management’s portfolio.Davis R M Inc reduced its stake in PRU by selling 1,259 shares or 20.81% in the most recent quarter. The Hedge Fund company now holds 4,791 shares of PRU which is valued at $381,268. Prudential Financial Inc makes up approx 0.02% of Davis R M Inc’s portfolio.Osborn Rohs Williams Donohoe Ltd reduced its stake in PRU by selling 49 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 17,891 shares of PRU which is valued at $1,359,895. Prudential Financial Inc makes up approx 0.27% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Kanaly Trust Co reduced its stake in PRU by selling 14 shares or 1.21% in the most recent quarter. The Hedge Fund company now holds 1,147 shares of PRU which is valued at $87,183. Prudential Financial Inc makes up approx 0.02% of Kanaly Trust Co’s portfolio.
On the company’s financial health, Prudential Financial Inc reported $1.94 EPS for the quarter, missing the analyst consensus estimate by $ -0.36 based on the information available during the earnings call on Feb 10, 2016. Analyst had a consensus of $2.30. The company had revenue of $13245.00 million for the quarter, compared to analysts expectations of $11482.75 million. The company’s revenue was down -16.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.12 EPS.
Many Wall Street Analysts have commented on Prudential Financial Inc. Shares were Reiterated by RBC Capital Mkts on Feb 11, 2016 to “Sector Perform” and Lowered the Price Target to $ 80 from a previous price target of $91 .
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 Companys 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 Companys investment portfolio consists of public and private fixed maturity securities commercial mortgage and other loans equity securities and other invested assets.