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Prudential Financial: Top Institutional Investors

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May. 23 2019, Published 8:05 a.m. ET

Top investors

The Vanguard Group, Wellington Management, and BlackRock Institutional Trust are the top three institutional investors in Prudential Financial (PRU). The Vanguard Group owns 8.0% of Prudential Financial’s outstanding shares. Wellington Management holds 5.1%, while BlackRock Institutional Trust holds 5.0% of Prudential’s outstanding shares. BlackRock Institutional Trust bought 2.0 million Prudential Financial shares in the first quarter.

The above chart shows the ten largest investors in Prudential Financial and their latest position changes. The ten investors own 30.3% of Prudential’s outstanding shares. Seven of the top ten investors added to their Prudential Financial positions, according to their latest filings.

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Based on the filings in the last six months, MFS Investment Management and Nuveen, which aren’t among the top ten investors, sold 2.0 million and 1.6 million Prudential Financial shares, respectively. NNIP Advisors B.V. and Manulife Asset Management US each sold 1.5 million Prudential Financial shares.

Institutional ownership

Around 1,339 institutions hold ~271 million or ~67% of Prudential Financial’s outstanding shares. In the last three months, these investors purchased 16.5 million Prudential Financial shares and sold 20.4 million shares, which resulted in a net sale of ~3.9 million shares. Prudential Financial stock has risen 22% YTD (year-to-date) and outperformed broader markets. Prudential Financial has also outperformed Aflac (AFL) and MetLife (MET) YTD.

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