Ann M. Kappler, Executive Vice President and General Counsel of Prudential Financial Inc., sold 2,797 shares worth $337,318 on November 6, 2026. She disposed of 1,950 shares at $120.60 per share for $235,170 and 847 shares at the same price for $102,148. The sales followed the exercise of employee stock options.
On the same date, Kappler acquired 2,919 shares through stock option exercises. She bought 2,025 shares at $110.45 per share totaling $223,661 from a 2017 grant, and 894 shares at $106.89 per share totaling $95,559 from a 2018 grant. Following these transactions, Kappler directly holds 14,529 shares of Prudential common stock, plus 919 shares indirectly through a 401(k) account.
Prudential traded at $123.30 at the time of the sales, near its 52-week high of $128.78. The company carries a market cap of $42.3 billion and a P/E ratio of 11.26.
Separately, Prudential reported earnings that exceeded both BofA Securities' estimate of $3.62 and the consensus estimate of $3.31. Variable expenses came in at $1.40 billion, below the anticipated $1.54 billion. Operating expenses reached $1.62 billion, below the expected $1.70 billion.
Keefe, Bruyette & Woods lowered its price target for Prudential to $119 citing impacts from Japan sales updates. Mizuho reduced its target to $108 following a mandated sales suspension in Japan. Barclays maintained an Underweight rating with a $92 price target.
Prudential joined a consortium led by CVC to form a £2 billion pension risk transfer partnership with Standard Life, aimed at targeting large UK pension schemes. The partnership, Standard Life PRT Solutions, will be funded over five years with Prudential contributing a significant portion.