Varma Mutual Pension Insurance Co Buys 19,600 Shares of Prudential Financial, Inc. $PRU

Varma Mutual Pension Insurance Co increased its stake in Prudential Financial (NYSE:PRU) by 22% during the third quarter, purchasing an additional 19,600 shares to hold a total of 108,839 shares valued at $11.29 million. Prudential recently increased its quarterly dividend to $1.40, offering an annualized yield of 5.4%. Despite missing consensus EPS estimates for the last quarter, analysts generally maintain a Hold rating for the stock with a consensus target price of $117.11.