5 Best Insurance Dividend Stocks To Buy Now

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In this article, we discuss 5 best insurance dividend stocks to buy now. If you want to read our detailed analysis of the insurance sector and its outlook, go directly to read 12 Best Insurance Dividend Stocks To Buy Now

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

Number of Hedge Fund Holders: 29
Dividend Yield as of April 5: 6.08%

Prudential Financial, Inc. (NYSE:PRU) is a New Jersey-based company that specializes in insurance, retirement planning, and investment management. In April, JPMorgan upgraded the stock to Overweight with a $114 price target. The firm expects the company to produce ‘healthy’ near-term results.

On February 8, Prudential Financial, Inc. (NYSE:PRU) declared a 4.2% hike in its quarterly dividend to $1.25 per share. Through this increase, the company took its dividend growth streak to 15 years, which makes it one of the best dividend stocks on our list. The stock’s dividend yield on April 5 came in at 6.08%.

As per Insider Monkey’s Q4 2022 database, 29 hedge funds owned stakes in Prudential Financial, Inc. (NYSE:PRU), up from 21 a quarter earlier. The collective value of these stakes is over $136 million. Citadel Investment Group was the company’s largest stakeholder in Q4.

Follow Prudential Financial Inc (NYSE:PRU)


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