Dai-ichi Life Insurance increased its stake in Prudential Financial by 70.9% in Q2.
Dai-ichi Life Insurance increased its stake in Prudential Financial (NYSE: PRU) by 70.9% in Q2, owning 73,751 shares. Other institutional investors also raised their holdings, with hedge funds owning 56.83% of the company. Prudential reported Q2 earnings of $3.39 per share, missing estimates. Analysts have mixed ratings for PRU, with a consensus price target of $120.83. The company has a market cap of $41.50 billion and a dividend yield of 4.47%.
September 14, 2024
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