What Are The Chances Of Prudential Financial Inc. (NYSE: PRU) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, PRU falls under the Financial sector while operating within the Insurance – Life industry segment. The current market capitalization of Prudential Financial Inc. is $44.25B. A total of 1.3 million shares were traded on the day, compared to an average of 1.37M 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

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Prudential Financial Inc. pays an annual dividend of $5.10, resulting in a dividend yield of 4.14%, and it has a price to earnings (P/E) ratio of 20.83. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, PRU has a high of $122.47 and a low of $87.95.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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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