Prudential Financial Inc. [PRU] stock for 7,200,000 USD was acquired by PRUDENTIAL INSURANCE CO OF AME

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Prudential Financial Inc. shares valued at $7,200,000 were purchased by PRUDENTIAL INSURANCE CO OF AME on Oct 08 ’24. At $27.58 per share, PRUDENTIAL INSURANCE CO OF AME acquired 261,059 shares. The insider’s holdings grew to 4,208,549 shares worth approximately $526.74 million following the completion of this transaction.

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Also, Feeney Caroline sold 1,110 shares, netting a total of over 133,167 in proceeds. Following the sale of shares at $119.97 each, the insider now holds 10,175 shares.

Before that, Feeney Caroline had added 1,110 shares to its account. In a trade valued at $133,177, the Officer bought Prudential Financial Inc. shares for $119.98 each.

As published in their initiating research note from TD Cowen on October 09, 2024, Prudential Financial Inc. [PRU] has been a Hold and the price target has been revised to $130. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early September. As of August 12, 2024, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for PRU. Earlier on May 22, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for PRU stock which previously was a “a Hold”.

Analyzing PRU Stock Performance

During the last five days, there has been a drop of approximately -1.47%. Over the course of the year, Prudential Financial Inc. shares have jumped approximately 20.68%. Nevertheless, trading volume fell to 0.85 million shares from 0.76 million shares the previous day.