Prudential Financial (PRU) Receives a Sell from Morgan Stanley

In a report released today, Bob Huang from Morgan Stanley maintained a Sell rating on Prudential Financial, with a price target of $92.00.

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Huang covers the Financial sector, focusing on stocks such as Progressive, Lemonade, and Bowhead Specialty Holdings Inc.. According to TipRanks, Huang has an average return of -4.2% and a 52.38% success rate on recommended stocks.

In addition to Morgan Stanley, Prudential Financial also received a Sell from Wells Fargo’s Wesley Carmichael in a report issued on May 12. However, on May 13, KBW maintained a Hold rating on Prudential Financial (NYSE: PRU).

Based on Prudential Financial’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $15.53 billion and a net profit of $597 million. In comparison, last year the company earned a revenue of $13.54 billion and had a net profit of $707 million

Based on the recent corporate insider activity of 30 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. Earlier this month, ANN M KAPPLER, the EVP & GC of PRU sold 13,580.00 shares for a total of $1,402,135.00.