Prudential Financial Inc (PRU): Stephen Pelletier , Executive Vice President of Prudential Financial Inc sold 39,617 shares on Sep 9, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $80.00 per share for a total value of $3,169,360.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 13, 2016, Charles F Lowrey (Executive Vice President) sold 41,644 shares at $80.00 per share price.On Aug 10, 2016, Robert Falzon (EVP and CFO) sold 33,820 shares at $77.13 per share price.Also, On Aug 10, 2016, Stephen Pelletier (Executive Vice President) sold 4,470 shares at $76.36 per share price.On Feb 17, 2016, Douglas A Scovanner (director) purchased 7,400 shares at $62.56 per share price.
Prudential Financial Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in Prudential Financial Inc which led to swings in the share price. The shares opened for trading at $78.4 and hit $79.98 on the upside , eventually ending the session at $79.74, with a gain of 0.71% or 0.56 points. The heightened volatility saw the trading volume jump to 2,679,456 shares. The 52-week high of the share price is $88.77 and the company has a market cap of $34,846 M . The 52-week low of the share price is at $57.19.
Company has been under the radar of several Street Analysts.Prudential Financial Inc is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued 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 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.