KBW Sticks to Their Hold Rating for Prudential Financial (PRU)

KBW analyst Ryan Krueger maintained a Hold rating on Prudential Financial today and set a price target of $117.00. The company’s shares closed yesterday at $103.70.

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Krueger covers the Financial sector, focusing on stocks such as AFLAC, Genworth Financial, and Globe Life. According to TipRanks, Krueger has an average return of 12.6% and a 72.59% success rate on recommended stocks.

In addition to KBW, Prudential Financial also received a Hold from Piper Sandler’s John Barnidge in a report issued today. However, on September 30, BMO Capital maintained a Sell rating on Prudential Financial (NYSE: PRU).

Based on Prudential Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $13.77 billion and a net profit of $533 million. In comparison, last year the company earned a revenue of $14.94 billion and had a net profit of $1.2 billion

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRU in relation to earlier this year. Last month, ANN M KAPPLER, the EVP & GC of PRU sold 4,000.00 shares for a total of $438,600.00.