15 Best High Yield Stocks To Buy

6. Prudential Financial, Inc. (NYSE:PRU)

Number of Hedge Fund Holders: 44

Dividend Yield as of January 18: 4.83%

Prudential Financial, Inc. (NYSE:PRU) is among the best dividend stocks to invest in.

On January 14, Mizuho slightly increased its price target on Prudential Financial, Inc. (NYSE:PRU) to $126 from $125, while maintaining a Neutral rating on the stock. The firm said the update followed routine model adjustments across the insurance group after the quarter wrapped up.

Separately, earlier in December, Prudential was reported to be weighing a potential sale of its stake in South African financial services firm Alexforbes, according to people familiar with the situation. The Newark-based insurer has reportedly told Patrice Motsepe’s African Rainbow Capital that it is considering an exit, and it has also informed Alexforbes directly. The sources asked not to be named since the matter hasn’t been publicly disclosed.

Prudential originally bought into Alexforbes in 2022 and now owns roughly one-third of the Johannesburg-based company, which has a market value of about 10.7 billion rand (around $627 million). Sources said the possible exit reflects a shift in Prudential’s strategy, though they emphasized that no final decision has been made yet. One person also noted that some minority shareholders in Alexforbes have not received any official notice or communication so far.

Prudential Financial, Inc. (NYSE:PRU) is a major financial services company and global investment manager, offering products and services across life insurance, annuities, retirement solutions, mutual funds, and investment management.