Tokio Marine Asset Management Co. Ltd. Has $1.23 Million Holdings in Prudential Financial, Inc. (NYSE:PRU)

Tokio Marine Asset Management Co. Ltd. grew its position in Prudential Financial, Inc. (NYSE:PRU) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,365 shares of the financial services provider’s stock after purchasing an additional 662 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Prudential Financial were worth $1,229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PRU. International Assets Investment Management LLC grew its position in shares of Prudential Financial by 4,130.8% in the third quarter. International Assets Investment Management LLC now owns 1,298,257 shares of the financial services provider’s stock valued at $157,219,000 after purchasing an additional 1,267,571 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Prudential Financial by 176.8% in the fourth quarter. Nordea Investment Management AB now owns 1,041,420 shares of the financial services provider’s stock valued at $123,804,000 after buying an additional 665,180 shares during the period. FMR LLC boosted its stake in shares of Prudential Financial by 31.3% in the third quarter. FMR LLC now owns 1,444,288 shares of the financial services provider’s stock valued at $174,903,000 after buying an additional 344,254 shares during the period. Geode Capital Management LLC boosted its stake in shares of Prudential Financial by 4.1% in the third quarter. Geode Capital Management LLC now owns 8,662,679 shares of the financial services provider’s stock valued at $1,047,872,000 after buying an additional 341,787 shares during the period. Finally, Capital Advisors Inc. OK bought a new stake in shares of Prudential Financial in the third quarter valued at approximately $30,226,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

Insider Transactions at Prudential Financial

In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential bought 537,249 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were purchased at an average price of $27.92 per share, for a total transaction of $14,999,992.08. Following the purchase, the insider now directly owns 4,780,293 shares of the company’s stock, valued at approximately $133,465,780.56. This represents a 12.66 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays boosted their price target on Prudential Financial from $127.00 to $128.00 and gave the company an “equal weight” rating in a research note on Thursday, January 23rd. BMO Capital Markets initiated coverage on Prudential Financial in a research note on Thursday, January 23rd. They set an “underperform” rating and a $101.00 target price for the company. Evercore ISI upgraded Prudential Financial from an “underperform” rating to an “inline” rating and upped their target price for the stock from $117.00 to $140.00 in a research note on Thursday, November 14th. TD Cowen increased their price target on Prudential Financial from $130.00 to $133.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group increased their price target on Prudential Financial from $149.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $125.31.

Prudential Financial Stock Performance

Shares of Prudential Financial stock opened at $118.85 on Tuesday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $120.80 and a two-hundred day moving average price of $120.55. Prudential Financial, Inc. has a 1-year low of $101.72 and a 1-year high of $130.55. The company has a market cap of $42.31 billion, a P/E ratio of 10.56, a PEG ratio of 1.12 and a beta of 1.31.

Prudential Financial Profile

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.