Insider Activity to Watch: Prudential Financial Inc

Prudential Financial Inc (NYSE:PRU) insider has recently participated in insider trading activity. Director, SCOVANNER DOUGLAS A bought 7,400 shares for $462,944 via one transaction Feb 16. Another notable insider trading was done by GRIER MARK B on Dec 01, who is the Vice Chairman. The insider Sold 62,245 shares at an average price of $86.93. Moreover, an insider selling of 13,431 shares was carried out by Sleyster Scott, Senior Vice President, on Dec 01. Following the transaction, the insider now owns 21,865 shares in total. Senior Vice President TAYLOR SHARON C sold 14,589 shares for $1,240,065 through one transaction Nov 03. Following this sale, this insider’s stake in the company comprises 56,101 shares, priced at $3736326.6 as of Wednesday.

The stock has experienced a total of 16 insider trades in the past three months. These trades include 15 sell activities and 1 buy trades. Furthermore, over the past 12 months, the stock was traded 38 times by insiders. In 37 of these trades, the insider was a seller while an employee of the company was the buyer in just 1 instances.

Prudential Financial Inc (PRU) on February 11, 2016 announced that Inversiones La Construcción S.A. (“ILC”), the investment subsidiary of the Chilean Construction Chamber, has revised the Prospectus for the pending tender offer by a subsidiary of ILC to acquire up to 13.1 percent of the outstanding shares of Administradora de Fondos de Pensiones Habitat S.A. (AFP Habitat), a leading provider of retirement services in Chile that trades under the symbol HABITAT CI on the Santiago Stock Exchange. As previously announced, Prudential expects to acquire indirectly between approximately 34 and 40 percent of AFP Habitat from ILC, depending on the results of the tender offer, which commenced on January 28, 2016 and, unless extended, will expire on February 26, 2016. The revised Prospectus, as well as a statement of revisions to the related Aviso de Inicio (Notice of Commencement), can be found in ILC’s website.

Prudential Financial, Inc. (PRU), a financial services leader with more than $1 trillion of assets under management as of December 31, 2015, has operations in the United States, Asia, Europe and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century.