Stock Surge: Prudential Financial Inc (PRU) Closes at 120.07, Marking a -0.97 Increase/Decrease

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In the latest session, Prudential Financial Inc (NYSE: PRU) closed at $120.07 down -0.97% from its previous closing price of $121.24. In other words, the price has decreased by -$0.97 from its previous closing price. On the day, 1.94 million shares were traded. PRU stock price reached its highest trading level at $122.33 during the session, while it also had its lowest trading level at $119.76.

Ratios:

For a deeper understanding of Prudential Financial Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.95 whereas as Long-Term Debt/Eq ratio is at 0.68.

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, Evercore ISI on November 14, 2024, Upgraded its rating to In-line and sets its target price to $140 from $117 previously.

On October 09, 2024, TD Cowen started tracking the stock assigning a Hold rating and target price of $130.

On September 05, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $118.Barclays initiated its Equal Weight rating on September 05, 2024, with a $118 target price.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 25 ’24 when PRUDENTIAL INSURANCE CO OF AME bought 537,249 shares for $27.92 per share. The transaction valued at 15,000,000 led to the insider holds 4,780,293 shares of the business.

SULLIVAN ANDREW F sold 25,685 shares of PRU for $3,187,542 on Nov 07 ’24. The Executive Vice President now owns 15,123 shares after completing the transaction at $124.10 per share. On Nov 07 ’24, another insider, Lowrey Charles F, who serves as the Chief Executive Officer of the company, sold 95,814 shares for $124.52 each. As a result, the insider received 11,930,964 and left with 170,081 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 42736635904 and an Enterprise Value of 50727919616. As of this moment, Prudential’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.64, and their Forward P/E ratio for the next fiscal year is 8.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 1.41. Its current Enterprise Value per Revenue stands at 0.695 whereas that against EBITDA is 9.128.

Stock Price History:

Over the past 52 weeks, PRU has reached a high of $130.55, while it has fallen to a 52-week low of $100.60. The 50-Day Moving Average of the stock is -3.78%, while the 200-Day Moving Average is calculated to be 1.46%.

Shares Statistics:

For the past three months, PRU has traded an average of 1.46M shares per day and 1305410 over the past ten days. A total of 355.93M shares are outstanding, with a floating share count of 355.39M. Insiders hold about 0.17% of the company’s shares, while institutions hold 59.08% stake in the company. Shares short for PRU as of 1732838400 were 5691166 with a Short Ratio of 3.90, compared to 1730332800 on 5646969. Therefore, it implies a Short% of Shares Outstanding of 5691166 and a Short% of Float of 1.82.

Dividends & Splits

According to the company, the forward annual dividend rate for PRU is 5.20, from 5.15 in the trailing year. Against a Trailing Annual Dividend Yield of 0.04247773The stock’s 5-year Average Dividend Yield is 5.01.

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