Morgan Stanley Sticks to Their Hold Rating for Prudential Financial (PRU)

Morgan Stanley analyst Nigel Dally maintained a Hold rating on Prudential Financial (PRU) today and set a price target of $87.00. The company’s shares closed last Friday at $83.38.

According to, Dally is a 4-star analyst with an average return of 15.4% and a 63.6% success rate. Dally covers the Financial sector, focusing on stocks such as Brighthouse Financial, Ameriprise Financial, and Principal Financial.

Currently, the analyst consensus on Prudential Financial is a Hold with an average price target of $80.38, implying a -3.8% downside from current levels. In a report issued on January 4, Wells Fargo also maintained a Hold rating on the stock with a price target.

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The company has a one-year high of $97.24 and a one-year low of $38.62. Currently, Prudential Financial has an average volume of 2.11M.

Based on the recent corporate insider activity of 26 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. Most recently, in November 2020, Scott Sleyster, the EVP of PRU sold 13,334 shares for a total of $995,894.

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Prudential Financial, Inc. engages in the provision of financial products and services including life insurance, annuities, mutual funds, and investment management to both individual and institutional customers. It operates through the following segments: U.S. Individual Solutions, U.S. Workplace Solutions, PGIM, International Insurance, Closed Block, and Corporate and Others. The U.S. Individual Solutions segment consists of individual annuities and individual life products. The U.S. Workplace Solutions segment comprises of the retirement and group insurance divisions. The PGIM segment provides a broad array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private and sub-advisory clients (including mutual funds), insurance company separate accounts, government sponsored entities and the Company’s general account. The International Insurances segment manufactures and distributes individual life insurance, retirement, and related products to the mass affluent and affluent markets in Japan, Korea, and other foreign countries through its Life Planner operations. The Closed Block segment includes certain in force participating insurance and annuity products and corresponding assets that are used for the payment of benefits, expenses and policyholders’ dividends related to these products. The Corporate and Other Operations segment include corporate item or businesses that have been or will be divested. The company was founded by John Fairfield Dryden in 1875 and is headquartered in Newark, NJ.

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