Piper Sandler Keeps Their Hold Rating on Prudential Financial (PRU)

In a report released today, John Barnidge from Piper Sandler maintained a Hold rating on Prudential Financial (PRU – Research Report), with a price target of $125.00. The company’s shares opened today at $109.65.

According to TipRanks, Barnidge is a 5-star analyst with an average return of 8.9% and a 57.41% success rate. Barnidge covers the Financial sector, focusing on stocks such as CNO Financial, Globe Life, and Voya Financial.

In addition to Piper Sandler, Prudential Financial also received a Hold from Bank of America Securities’s Joshua Shanker in a report issued today. However, yesterday, Wells Fargo maintained a Sell rating on Prudential Financial (NYSE: PRU).

The company has a one-year high of $118.69 and a one-year low of $73.16. Currently, Prudential Financial has an average volume of 1.56M.

Based on the recent corporate insider activity of 36 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. Most recently, in February 2024, Caroline Feeney, the EVP of PRU sold 12,899.00 shares for a total of $1,399,025.54.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Prudential Financial (PRU) Company Description:

Prudential Financial, Inc. is one of the world’s leading providers of financial services. The company offers an array of financial products and services including life insurance, retirement-related services, annuities, mutual funds, investment management and real estate services.