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Prudential Financial Inc. (NYSE: PRU) closed the day trading at $123.09 down -0.24% from the previous closing price of $123.38. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 1.13 million shares were traded. PRU stock price reached its highest trading level at $125.31 during the session, while it also had its lowest trading level at $123.04.
Ratios:
For a better understanding of PRU, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.02 whereas as Long-Term Debt/Eq ratio is at 0.75.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on May 22, 2024, Upgraded its rating to Buy and sets its target price to $143 from $121 previously.
JP Morgan Downgraded its Overweight to Neutral on January 03, 2024, whereas the target price for the stock was revised from $119 to $118.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 20 ’24 when PRUDENTIAL INSURANCE CO OF AME bought 652,884 shares for $27.57 per share. The transaction valued at 18,000,000 led to the insider holds 3,883,390 shares of the business.
FALZON ROBERT sold 130,092 shares of PRU for $15,425,008 on May 13 ’24. The EVP and Vice Chairman now owns 202,083 shares after completing the transaction at $118.57 per share. On May 08 ’24, another insider, SCHMIDT TIMOTHY L, who serves as the Senior Vice President of the company, sold 5,189 shares for $116.58 each. As a result, the insider received 604,934 and left with 12,236 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PRU now has a Market Capitalization of 44198662144 and an Enterprise Value of 48672309248. As of this moment, Prudential’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.80, and their Forward P/E ratio for the next fiscal year is 8.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 1.62. Its current Enterprise Value per Revenue stands at 0.805 whereas that against EBITDA is 15.309.
Stock Price History:
The Beta on a monthly basis for PRU is 1.32, which has changed by 0.2784587 over the last 52 weeks, in comparison to a change of 0.17829525 over the same period for the S&P500. Over the past 52 weeks, PRU has reached a high of $128.52, while it has fallen to a 52-week low of $87.95. The 50-Day Moving Average of the stock is 3.32%, while the 200-Day Moving Average is calculated to be 14.01%.
Shares Statistics:
Over the past 3-months, PRU traded about 1.37M shares per day on average, while over the past 10 days, PRU traded about 1311520 shares per day. A total of 359.22M shares are outstanding, with a floating share count of 358.31M. Insiders hold about 0.19% of the company’s shares, while institutions hold 58.82% stake in the company. Shares short for PRU as of 1721001600 were 5024766 with a Short Ratio of 3.67, compared to 1718323200 on 4667589. Therefore, it implies a Short% of Shares Outstanding of 5024766 and a Short% of Float of 1.59.
Dividends & Splits
PRU’s forward annual dividend rate is 5.10, up from 5.05 a year ago. Against a Trailing Annual Dividend Yield of 0.04093046The stock’s 5-year Average Dividend Yield is 5.03.
