Prudential Financial (PRU) Gets a Hold from Piper Sandler

Piper Sandler analyst John Barnidge maintained a Hold rating on Prudential Financial today and set a price target of $110.00. The company’s shares closed yesterday at $103.70.

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According to TipRanks, Barnidge is a 5-star analyst with an average return of 9.4% and a 61.17% success rate. Barnidge covers the Financial sector, focusing on stocks such as KKR & Co, Lemonade, and Trupanion.

Currently, the analyst consensus on Prudential Financial is a Hold with an average price target of $114.27, representing a 10.19% upside. In a report released today, KBW also maintained a Hold rating on the stock with a $117.00 price target.

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.