5 Best Finance Stocks that Pay Dividends

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

Number of Hedge Fund Holders: 37
Dividend Yield: 4.5%

Prudential Financial, Inc. (NYSE: PRU) is a provider of insurance, investment management, and other financial products and services in the US and across the globe. The company ranks 2nd on our list of the best finance stocks that pay dividends.

In May, RBC Capital’s Mark Dwelle raised his price target on Prudential Financial, Inc. (NYSE: PRU) shares from $92 to $108. Dwelle also held on to his Sector Perform rating on the stock.

In the first quarter of 2021, Prudential Financial, Inc. (NYSE: PRU) had an EPS of $4.11, beating estimates by $1.36. The company’s revenue was $14.21 billion, up 6.61% year over year but missing estimates by $232.54 million. Prudential Financial, Inc. (NYSE: PRU) has also gained 22.51% in the past 6 months and 30.24% year to date.

By the end of the first quarter of 2021, 37 hedge funds out of the 866 tracked by Insider Monkey held stakes in Prudential Financial, Inc. (NYSE: PRU) worth roughly $634 million. This is compared to 36 hedge funds in the previous quarter with a total stake value of approximately $532 million.