Prudential Financial Inc. (NYSE: PRU)’s stock price has gone decline by -0.22 in comparison to its previous close of 107.59, however, the company has experienced a -4.76% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that Multiline insurers like MetLife (MET), Prudential Financial (PRU), MGIC Investment (MTG), CNO Financial (CNO) and Old Republic (ORI), which have a solid dividend history, offer a breather amid volatility.
Is It Worth Investing in Prudential Financial Inc. (NYSE: PRU) Right Now?
The price-to-earnings ratio for Prudential Financial Inc. (NYSE: PRU) is 15.95x, which is above its average ratio. Moreover, the 36-month beta value for PRU is 1.35. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for PRU is 358.21M and currently, short sellers hold a 1.37% of that float. On April 18, 2024, PRU’s average trading volume was 1.56M shares.
PRU’s Market Performance
PRU stock saw a decrease of -4.76% in the past week, with a monthly decline of -5.07% and a quarterly a decrease of 5.40%. The volatility ratio for the week is 1.93%, and the volatility levels for the last 30 days are 1.48% for Prudential Financial Inc. (PRU). The simple moving average for the last 20 days is -6.07% for PRU’s stock, with a simple moving average of 7.22% for the last 200 days.
Analysts’ Opinion of PRU
JP Morgan, on the other hand, stated in their research note that they expect to see PRU reach a price target of $118, previously predicting the price at $119. The rating they have provided for PRU stocks is “Neutral” according to the report published on January 03rd, 2024.
Deutsche Bank gave a rating of “Hold” to PRU, setting the target price at $99 in the report published on October 05th of the previous year.
PRU Trading at -3.17% from the 50-Day Moving Average
After a stumble in the market that brought PRU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.55% of loss for the given period.
Volatility was left at 1.48%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares sank -5.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.50% upper at present.
During the last 5 trading sessions, PRU fell by -4.76%, which changed the moving average for the period of 200-days by +21.68% in comparison to the 20-day moving average, which settled at $113.97. In addition, Prudential Financial Inc. saw 3.51% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PRU starting from SULLIVAN ANDREW F, who sale 7,685 shares at the price of $111.57 back on Mar 12 ’24. After this action, SULLIVAN ANDREW F now owns 13,691 shares of Prudential Financial Inc., valued at $857,415 using the latest closing price.
Axel Robert, the SVP and Controller of Prudential Financial Inc., sale 6,436 shares at $111.86 during a trade that took place back on Mar 12 ’24, which means that Axel Robert is holding 7,901 shares at $719,942 based on the most recent closing price.
Stock Fundamentals for PRU
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 1.0 for the gross margin
The net margin for Prudential Financial Inc. stands at 0.05. The total capital return value is set at 0.0. Equity return is now at value 11.16, with 0.35 for asset returns.
Based on Prudential Financial Inc. (PRU), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.75. The interest coverage ratio of the stock is 0.96.
Currently, EBITDA for the company is -116.0 million with net debt to EBITDA at 0.88. When we switch over and look at the enterprise to sales, we see a ratio of 0.76. The receivables turnover for the company is 1.87for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.53.
Conclusion
To wrap up, the performance of Prudential Financial Inc. (PRU) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
