Prudential Financial Inc. (NYSE: PRU) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Prudential Financial Inc. is listed on the NYSE in the Financial sector while operating in the Insurance – Life industry. The current market capitalization of Prudential Financial Inc. is $42.56B. A total of 1.01 million shares were traded on the day, compared to an average of 1.40M shares.

In the most recent transaction, PRUDENTIAL INSURANCE CO OF AME bought 652,884 shares of PRU for 27.57 per share on Jun 20 ’24. After the transaction, the 10% Owner now owns 3,883,390 company shares. In a previous transaction on May 13 ’24, FALZON ROBERT sold 130,092 shares at 118.57 per share. PRU shares that EVP and Vice Chairman owns now total 202,083.

Among the insiders who sold shares, SCHMIDT TIMOTHY L disposed of 5,189 shares on May 08 ’24 at a per-share price of $116.58. This resulted in the Senior Vice President holding 12,236 shares of PRU after the transaction. In another insider transaction, SULLIVAN ANDREW F sold 7,685 shares at $111.57 per share on Mar 12 ’24. Company shares held by the Executive Vice President now total 13,691.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Prudential Financial Inc. pays an annual dividend of $5.10, resulting in a dividend yield of 4.30%, and it has a price to earnings (P/E) ratio of 20.04. PRU’s most recent ex-dividend date was 5/20/2024 when it declared a $1.30 quarterly dividend that was paid in cash on 6/13/2024. Previously, the company paid the dividend on 3/14/2024 with an ex-dividend date of 2/16/2024. The PRU stock dividend was $1.30 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, PRU has a high of $121.39 and a low of $87.57.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. PRU’s latest balance sheet shows that the firm has $391.93B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $75.78, while its Total Shareholder’s Equity was $62.61B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PRU is Buy with a score of 2.60.

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