Piper Sandler analyst John Barnidge maintained a Hold rating on Prudential Financial (PRU – Research Report) today and set a price target of $105.00. The company’s shares closed yesterday at $103.39.
According to TipRanks, Barnidge is a 5-star analyst with an average return of 9.1% and a 61.20% success rate. Barnidge covers the Financial sector, focusing on stocks such as Assurant, Ameriprise Financial, and Voya Financial.
Prudential Financial has an analyst consensus of Hold, with a price target consensus of $108.00, which is a 4.46% upside from current levels. In a report released today, Morgan Stanley also reiterated a Hold rating on the stock with a $109.00 price target.
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Based on Prudential Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $8.35 billion and a GAAP net loss of $802 million. In comparison, last year the company earned a revenue of $20.2 billion and had a GAAP net loss of $92 million
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRU in relation to earlier this year. Most recently, in December 2023, KENNETH TANJI, the EVP & CFO of PRU sold 23,124.00 shares for a total of $2,431,257.36.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Prudential Financial (PRU) Company Description:
Prudential Financial, Inc. is one of the world’s leading providers of financial services. The company offers an array of financial products and services including life insurance, retirement-related services, annuities, mutual funds, investment management and real estate services.
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