Robert E. Boyle, a Senior Vice President at Prudential Financial Inc. (NYSE:PRU), sold 2,794 shares of the company’s common stock on November 6, 2026, according to a regulatory filing. The shares were sold at a price of $121.24 each, generating total proceeds of approximately $338,743.
The transactions were tied to the exercise of employee stock options. On the same day, Boyle acquired 1,510 shares by exercising options at $110.45 per share, an acquisition valued at $166,779. Those options began vesting in February 2018 and were scheduled to expire on February 14, 2027. He also acquired 1,366 shares through the exercise of options at $106.89 per share, totaling $146,011. Those options started vesting in February 2019 and were set to expire on February 13, 2028.
Following the option exercises, Boyle sold 1,474 shares at $121.24 per share for $178,707, and an additional 1,320 shares at the same price for $160,036. The sales were executed at a price below the stock’s closing price of $123.30 on the day.
After these transactions, Boyle directly holds 6,054 shares of Prudential Financial common stock. He also holds 973 shares indirectly through a 401(k) account. That indirect holding includes 11 shares acquired between June 30, 2026, and September 30, 2026, via The Prudential Employee Savings Plan. In addition, Boyle holds 4,505 restricted stock units and 6,998 target performance shares, the final number of which depends on the achievement of performance goals.
Prudential Financial carries a market capitalization of $41.86 billion and a price-to-earnings ratio of 11.26. According to an analysis, the stock appears overvalued relative to its Fair Value, though the company has raised its dividend for 17 consecutive years.
In other recent developments, Prudential Financial reported earnings that exceeded both its own and the Street’s estimates. The company achieved a lower-than-expected variable expense of $1.40 billion, compared to the $1.54 billion forecast, and operating expenses of $1.62 billion versus the estimated $1.70 billion. Despite these positive results, Keefe, Bruyette & Woods lowered its price target for Prudential Financial to $119, citing the impact of Japan sales on earnings estimates. Similarly, Mizuho reduced its price target to $108 following a mandated sales suspension by Japan’s Financial Services Agency affecting Prudential of Japan and Gibraltar Life consultants. Barclays maintained an Underweight rating with a $92 price target, noting Prudential’s strategic flexibility and interest in inorganic growth opportunities.
In a significant development, Prudential Financial partnered with Standard Life and a consortium led by CVC in a £2 billion pension risk transfer initiative targeting large UK pension schemes. This partnership, named Standard Life PRT Solutions, will see investments spread over five years. BofA Securities also adjusted its price target for Prudential Financial, raising it to $136 due to lower expenses.