Alerus Financial Na adds Prudential Financial Inc (PRU) to its portfolio

Prudential Financial Inc (PRU) : Alerus Financial Na added new position in Prudential Financial Inc during the most recent quarter end. The investment management firm now holds 57,797 shares of Prudential Financial Inc which is valued at $4,364,829 , the company said in a statement filed on Aug 11, 2016 with the SEC.Prudential Financial Inc makes up approximately 0.71% of Alerus Financial Na’s portfolio.

Other Hedge Funds, Including , Central Trust Co reduced its stake in PRU by selling 502 shares or 9.75% in the most recent quarter. The Hedge Fund company now holds 4,649 shares of PRU which is valued at $355,695. Prudential Financial Inc makes up approx 0.03% of Central Trust Co’s portfolio.Nisa Investment Advisors boosted its stake in PRU in the latest quarter, The investment management firm added 19,986 additional shares and now holds a total of 186,302 shares of Prudential Financial Inc which is valued at $14,047,171. Prudential Financial Inc makes up approx 0.18% of Nisa Investment Advisors’s portfolio.

Prudential Financial Inc opened for trading at $76.44 and hit $77.13 on the upside on Tuesday, eventually ending the session at $76.46, with a gain of 0.51% or 0.39 points. The heightened volatility saw the trading volume jump to 13,76,005 shares. Company has a market cap of $33,413 M.

On the company’s financial health, Prudential Financial Inc reported $1.84 EPS for the quarter, missing the analyst consensus estimate by $ -0.66 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $2.50.Analysts expectations of $ 11730.58.During the same quarter in the previous year, the company posted $2.91 EPS.

Many Wall Street Analysts have commented on Prudential Financial Inc. Prudential Financial Inc was Downgraded by BofA/Merrill to ” Underperform” on Jun 29, 2016.

Prudential Financial Inc. is a financial services company. The Company through its subsidiaries and affiliates provides a arrange of financial products and services including life insurance annuities retirement-related services mutual funds and investment management. The Company has organized its principal operations into the Financial Services Businesses and the Closed Block Business. The Financial Services Businesses consists of three divisions containing six segments and the Company’s corporate operations. The Financial Services Businesses operate through three operating divisions: U.S. Retirement Solutions and Investment Management U.S. Individual Life and Group Insurance and International Insurance. The Company’s investment portfolio consists of public and private fixed maturity securities commercial mortgage and other loans equity securities and other invested assets.

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