Baldwin Investment Management Lowers stake in Prudential Financial Inc (PRU)

Prudential Financial Inc (PRU) : Baldwin Investment Management reduced its stake in Prudential Financial Inc by 0.61% during the most recent quarter end. The investment management company now holds a total of 8,142 shares of Prudential Financial Inc which is valued at $620,013 after selling 50 shares in Prudential Financial Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Prudential Financial Inc makes up approximately 0.26% of Baldwin Investment Management’s portfolio.

Other Hedge Funds, Including , Amica Pension Fund Board Of Trustees sold out all of its stake in PRU during the most recent quarter. The investment firm sold 33,676 shares of PRU which is valued $2,564,427.Financial Architects Inc reduced its stake in PRU by selling 49 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 1,611 shares of PRU which is valued at $121,502. Prudential Financial Inc makes up approx 0.03% of Financial Architects Inc’s portfolio.Independent Portfolio Consultants boosted its stake in PRU in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 6,539 shares of Prudential Financial Inc which is valued at $493,041. Prudential Financial Inc makes up approx 0.15% of Independent Portfolio Consultants’s portfolio.

Prudential Financial Inc opened for trading at $76.36 and hit $77.46 on the upside on Monday, eventually ending the session at $77.3, with a gain of 1.67% or 1.27 points. The heightened volatility saw the trading volume jump to 34,86,165 shares. Company has a market cap of $34,167 M.

On the company’s financial health, Prudential Financial Inc reported $1.84 EPS for the quarter, missing the analyst consensus estimate by $ -0.66 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $2.50.Analysts expectations of $ 11730.58.During the same quarter in the previous year, the company posted $2.91 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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