Algebris Investments (uk) Llp Lowers stake in Prudential Financial Inc (PRU)

Prudential Financial Inc (PRU) : Algebris Investments (uk) Llp reduced its stake in Prudential Financial Inc by 0.6% during the most recent quarter end. The investment management company now holds a total of 145,545 shares of Prudential Financial Inc which is valued at $11 Million after selling 880 shares in Prudential Financial Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Prudential Financial Inc makes up approximately 6.13% of Algebris Investments (uk) Llp’s portfolio.

Other Hedge Funds, Including , Zacks Investment Management boosted its stake in PRU in the latest quarter, The investment management firm added 15,625 additional shares and now holds a total of 350,404 shares of Prudential Financial Inc which is valued at $26.4 Million. Prudential Financial Inc makes up approx 0.84% of Zacks Investment Management’s portfolio.Andra Ap-fonden boosted its stake in PRU in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 62,100 shares of Prudential Financial Inc which is valued at $4.7 Million. Prudential Financial Inc makes up approx 0.13% of Andra Ap-fonden’s portfolio.Deprince Race Zollo Inc reduced its stake in PRU by selling 75,462 shares or 10.29% in the most recent quarter. The Hedge Fund company now holds 657,660 shares of PRU which is valued at $50 Million. Prudential Financial Inc makes up approx 0.98% of Deprince Race Zollo Inc’s portfolio.Evercore Wealth Management reduced its stake in PRU by selling 3,331 shares or 53.62% in the most recent quarter. The Hedge Fund company now holds 2,881 shares of PRU which is valued at $219,100. Prudential Financial Inc makes up approx 0.01% of Evercore Wealth Management’s portfolio.

Prudential Financial Inc opened for trading at $77.79 and hit $78.91 on the upside on Friday, eventually ending the session at $77.67, with a gain of 0.74% or 0.57 points. The heightened volatility saw the trading volume jump to 23,83,231 shares. Company has a market cap of $34,330 M.

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.

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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