Prudential Financial (NYSE:PRU) : The most positive equity analysts on Prudential Financial (NYSE:PRU) expects the shares to touch $91, whereas, the least positive believes that the stock will trade at $78 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $85.29 with an expected fluctuation of $4.92 from the mean.
Prudential Financial, Inc. has lost 7.29% in the last five trading days and dropped 9.49% in the last 4 weeks. Prudential Financial, Inc. has dropped 1.72% during the last 3-month period . Year-to-Date the stock performance stands at -10.63%. Also, FBR Capital maintains its rating on Prudential Financial (NYSE:PRU). The global brokerage major raises the current price target from $80 per share to $86 per share. Analysts at the FBR Capital have a current rating of Outperform on the shares. The rating by the firm was issued on May 16, 2016.
Prudential Financial (NYSE:PRU) : 10 analysts are covering Prudential Financial (NYSE:PRU) and their average rating on the stock is 1.85, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Prudential Financial (NYSE:PRU) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Prudential Financial (NYSE:PRU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $70.42 and $69.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.34, notching a gain of 1.71% for the day. The total traded volume was 2,758,907 . The stock had closed at $70.14 on the previous day.
In an insider trading activity, Scovanner Douglas A, director of Prudential Financial Inc, had purchased 7,400 shares on February 16, 2016. The total value of the transaction was $462,944. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.