Morgan Stanley Reaffirms Their Hold Rating on Prudential Financial (PRU)

In a report released today, Bob Huang from Morgan Stanley maintained a Hold rating on Prudential Financial, with a price target of $111.00.

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According to TipRanks, Huang is an analyst with an average return of -5.0% and a 46.90% success rate. Huang covers the Financial sector, focusing on stocks such as Progressive, Voya Financial, and Prudential Financial.

In addition to Morgan Stanley, Prudential Financial also received a Hold from TipRanks – Google’s Google Insurance – Life in a report issued on February 13. However, on February 25, Wells Fargo downgraded Prudential Financial (NYSE: PRU) to a Sell.

Based on Prudential Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $15.68 billion and a net profit of $905 million. In comparison, last year the company earned a revenue of $12.65 billion and had a GAAP net loss of $57 million

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PRU in relation to earlier this year. Last month, Jacques Chappuis, the EVP of PRU bought 1,000.00 shares for a total of $100,970.00.