WINTON GROUP Ltd Decreases Position in Prudential Financial, Inc. (PRU)

WINTON GROUP Ltd reduced its stake in Prudential Financial, Inc. (NYSE:PRU) by 82.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,061 shares of the financial services provider’s stock after selling 130,057 shares during the period. WINTON GROUP Ltd’s holdings in Prudential Financial were worth $3,035,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its stake in Prudential Financial by 1.2% in the second quarter. Public Employees Retirement System of Ohio now owns 429,995 shares of the financial services provider’s stock worth $46,500,000 after buying an additional 5,101 shares in the last quarter. Piedmont Investment Advisors LLC raised its stake in Prudential Financial by 2.8% in the second quarter. Piedmont Investment Advisors LLC now owns 162,603 shares of the financial services provider’s stock worth $17,584,000 after buying an additional 4,487 shares in the last quarter. Seminole Management Co. Inc. raised its stake in Prudential Financial by 50.2% in the second quarter. Seminole Management Co. Inc. now owns 294,000 shares of the financial services provider’s stock worth $31,793,000 after buying an additional 98,296 shares in the last quarter. BB&T Investment Services Inc. bought a new position in Prudential Financial in the second quarter worth about $720,000. Finally, Security National Bank of SO Dak raised its stake in Prudential Financial by 3.3% in the second quarter. Security National Bank of SO Dak now owns 4,539 shares of the financial services provider’s stock worth $491,000 after buying an additional 145 shares in the last quarter. 64.41% of the stock is owned by institutional investors.

In related news, insider Stephen Pelletier sold 4,133 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $112.18, for a total transaction of $463,639.94. Following the completion of the transaction, the insider now owns 10,924 shares in the company, valued at approximately $1,225,454.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nicholas C. Silitch sold 14,897 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the transaction, the insider now owns 21,274 shares of the company’s stock, valued at approximately $2,340,140. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

TRADEMARK VIOLATION WARNING: “WINTON GROUP Ltd Decreases Position in Prudential Financial, Inc. (PRU)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/18/winton-group-ltd-decreases-position-in-prudential-financial-inc-pru.html.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.61). The firm had revenue of $13.03 billion for the quarter, compared to the consensus estimate of $12.45 billion. Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. During the same quarter last year, the firm earned $1.84 EPS.

A number of research firms recently issued reports on PRU. Goldman Sachs Group, Inc. (The) began coverage on shares of Prudential Financial in a research note on Wednesday. They issued a “neutral” rating and a $114.00 price target for the company. Citigroup Inc. raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Tuesday. Keefe, Bruyette & Woods restated a “buy” rating and issued a $121.00 price objective on shares of Prudential Financial in a report on Monday. Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a report on Tuesday, October 10th. Finally, FBR & Co upgraded shares of Prudential Financial from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $117.00 to $100.00 in a report on Tuesday, October 10th. Eight research analys

A number of other hedge funds also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its stake in Prudential Financial by 1.2% in the second quarter. Public Employees Retirement System of Ohio now owns 429,995 shares of the financial services provider’s stock worth $46,500,000 after buying an additional 5,101 shares in the last quarter. Piedmont Investment Advisors LLC raised its stake in Prudential Financial by 2.8% in the second quarter. Piedmont Investment Advisors LLC now owns 162,603 shares of the financial services provider’s stock worth $17,584,000 after buying an additional 4,487 shares in the last quarter. Seminole Management Co. Inc. raised its stake in Prudential Financial by 50.2% in the second quarter. Seminole Management Co. Inc. now owns 294,000 shares of the financial services provider’s stock worth $31,793,000 after buying an additional 98,296 shares in the last quarter. BB&T Investment Services Inc. bought a new position in Prudential Financial in the second quarter worth about $720,000. Finally, Security National Bank of SO Dak raised its stake in Prudential Financial by 3.3% in the second quarter. Security National Bank of SO Dak now owns 4,539 shares of the financial services provider’s stock worth $491,000 after buying an additional 145 shares in the last quarter. 64.41% of the stock is owned by institutional investors.

In related news, insider Stephen Pelletier sold 4,133 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $112.18, for a total transaction of $463,639.94. Following the completion of the transaction, the insider now owns 10,924 shares in the company, valued at approximately $1,225,454.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nicholas C. Silitch sold 14,897 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the transaction, the insider now owns 21,274 shares of the company’s stock, valued at approximately $2,340,140. The disclosure for this sale can be found here. Insiders own 0.66% of the company’s stock.

TRADEMARK VIOLATION WARNING: “WINTON GROUP Ltd Decreases Position in Prudential Financial, Inc. (PRU)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/18/winton-group-ltd-decreases-position-in-prudential-financial-inc-pru.html.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.61). The firm had revenue of $13.03 billion for the quarter, compared to the consensus estimate of $12.45 billion. Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. During the same quarter last year, the firm earned $1.84 EPS.

A number of research firms recently issued reports on PRU. Goldman Sachs Group, Inc. (The) began coverage on shares of Prudential Financial in a research note on Wednesday. They issued a “neutral” rating and a $114.00 price target for the company. Citigroup Inc. raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research note on Tuesday. Keefe, Bruyette & Woods restated a “buy” rating and issued a $121.00 price objective on shares of Prudential Financial in a report on Monday. Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a report on Tuesday, October 10th. Finally, FBR & Co upgraded shares of Prudential Financial from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $117.00 to $100.00 in a report on Tuesday, October 10th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $114.56.

Prudential Financial Company Profile

Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.

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Institutional Ownership by Quarter for Prudential Financial (NYSE:PRU)

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