Media coverage about Prudential Financial (NYSE:PRU) has trended positive this week, according to Alpha One Sentiment. The research group, a unit of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Prudential Financial earned a news impact score of 0.38 on Alpha One’s scale. Alpha One also gave news headlines about the financial services provider an impact score of 88 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Alpha One Sentiment’s scoring:
Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $2.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.64 by $0.15. The firm had revenue of $13.24 billion for the quarter, compared to analyst estimates of $12.75 billion. Prudential Financial had a net margin of 7.63% and a return on equity of 7.96%. During the same period last year, the company posted $2.18 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Tuesday, May 23rd will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, May 19th. Prudential Financial’s dividend payout ratio (DPR) is 28.90%.
A number of brokerages have issued reports on PRU. Atlantic Securities cut Prudential Financial from an “overweight” rating to a “neutral” rating in a research note on Friday, February 10th. They noted that the move was a valuation call. Zacks Investment Research downgraded Prudential Financial from a “buy” rating to a “hold” rating in a research report on Friday, February 10th. Barclays PLC reiterated a “buy” rating and set a $129.00 target price on shares of Prudential Financial in a research report on Sunday, February 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $117.00 target price on shares of Prudential Financial in a research report on Tuesday, March 21st. Finally, Vetr upgraded Prudential Financial from a “hold” rating to a “buy” rating and set a $109.90 price objective on the stock in a research report on Wednesday, March 22nd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $108.84.
TRADEMARK VIOLATION NOTICE: “Prudential Financial (PRU) Given Media Sentiment Rating of 0.38” was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://www.chaffeybreeze.com/2017/05/30/prudential-financial-pru-receiving-favorable-media-coverage-study-finds-updated.html.
In other Prudential Financial news, insider Charles F. Lowrey sold 222,857 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $108.04, for a total value of $24,077,470.28. Following the transaction, the insider now directly owns 151,418 shares of the company’s stock, valued at approximately $16,359,200.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Barbara Koster sold 33,743 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $112.87, for a total transaction of $3,808,572.41. Following the completion of the transaction, the insider now directly owns 45,245 shares in the company, valued at $5,106,803.15. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
Prudential Financial Company Profile
Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.
Receive News & Ratings for Prudential Financial Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Prudential Financial Inc and related companies with MarketBeat.com’s FREE daily email newsletter.