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TD Cowen Reaffirms Their Hold Rating on Prudential Financial (PRU)

Tipranks - Fri Mar 6, 7:50AM CST

In a report released yesterday, Andrew Kligerman from TD Cowen maintained a Hold rating on Prudential Financial, with a price target of $105.00. The company’s shares closed yesterday at $98.79.

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According to TipRanks, Kligerman is a 5-star analyst with an average return of 9.6% and a 62.75% success rate. Kligerman covers the Financial sector, focusing on stocks such as AFLAC, Prudential Financial, and Reinsurance Group.

In addition to TD Cowen, Prudential Financial also received a Hold from J.P. Morgan’s Jimmy Bhullar in a report issued today. 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 31 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.

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