Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Prudential Financial (PRU) Share Price

Headlines about Prudential Financial (NYSE:PRU) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Prudential Financial earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.0123427256787 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news articles that may have effected Accern’s scoring:

Shares of Prudential Financial (NYSE PRU) traded up $0.82 during mid-day trading on Monday, reaching $117.15. 1,184,200 shares of the company traded hands, compared to its average volume of 1,844,590. Prudential Financial has a one year low of $97.88 and a one year high of $117.99. The stock has a market cap of $50,420.00, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 1.32 and a beta of 1.55. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.34.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.71 by $0.30. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. The company had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $12.24 billion. During the same period in the prior year, the firm posted $2.66 EPS. analysts anticipate that Prudential Financial will post 10.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Monday, November 27th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, November 24th. Prudential Financial’s dividend payout ratio (DPR) is 30.24%.

PRU has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $117.00 target price on shares of Prudential Financial in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Tuesday, October 10th. Citigroup raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Tuesday, October 17th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Prudential Financial in a research report on Friday, November 10th. Finally, Morgan Stanley upped their target price on shares of Prudential Financial from $118.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $115.64.

In other news, insider Nicholas C. Silitch sold 44,860 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the sale, the insider now owns 27,927 shares of the company’s stock, valued at approximately $3,121,400.79. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy P. Harris sold 10,527 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $115.00, for a total transaction of $1,210,605.00. The disclosure for this sale can be found here. Insiders have sold a total of 100,017 shares of company stock worth $11,219,151 over the last three months. 0.66% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for Prudential Financial (NYSE:PRU)

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