Prudential Financial (PRU) Gets a Hold from Piper Sandler

Piper Sandler analyst John Barnidge maintained a Hold rating on Prudential Financial (PRU – Research Report) today and set a price target of $125.00. The company’s shares closed yesterday at $115.89.

Barnidge covers the Financial sector, focusing on stocks such as AFLAC, Ameriprise Financial, and Assurant. According to TipRanks, Barnidge has an average return of 10.2% and a 60.24% success rate on recommended stocks.

Currently, the analyst consensus on Prudential Financial is a Hold with an average price target of $112.00.

Based on Prudential Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $15.08 billion and a net profit of $1.32 billion. In comparison, last year the company earned a revenue of $13.43 billion and had a GAAP net loss of $52 million

Based on the recent corporate insider activity of 36 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 February 2024, Caroline Feeney, the EVP of PRU sold 12,899.00 shares for a total of $1,399,025.54.

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.