Sei Investments Co. Increases Position in Prudential Financial, Inc. by 12.9%
Are you interested in learning more about the recent activity surrounding Prudential Financial, Inc. (NYSE:PRU)? Sei Investments Co. has increased its position in the company by 12.9% during the first quarter, showing confidence in the financial services provider. Other hedge funds have also made moves with Choreo LLC increasing its holdings by 163.5% and Cullinan Associates Inc. by 2,355.0%.
Despite this positive news, Prudential Financial’s stock has seen a slight decrease of 1.2%. However, the company recently announced a quarterly dividend, providing investors with a 4.20% dividend yield. Additionally, insider activity has been notable with major shareholder Insurance Co Of Ame Prudential making a significant purchase of shares.
Analysts have mixed opinions on PRU, with some upping their target prices while others have issued sell ratings. Overall, the stock has an average rating of “Hold” with a consensus price target of $116.67.
Prudential Financial, Inc. offers insurance, investment management, and other financial products and services both domestically and internationally. To stay updated on the latest news and analyst ratings for PRU, visit MarketBeat.com for daily summaries and insights.
If you want to see what other hedge funds are holding PRU or get more in-depth analysis, visit HoldingsChannel.com. Don’t forget to sign up for MarketBeat.com’s FREE daily email newsletter to receive the latest news and ratings for Prudential Financial and other related companies.
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