5 Best Undervalued Dividend Stocks to Buy Now

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

Number of Hedge Fund Holders: 28
Dividend Yield: 4.41%

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 operates through its PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block segments. It ranks 4th on our list of the best undervalued dividend stocks to buy now.

As of this August, RBC Capital’s Mark Dwelle holds a raised price target on shares of Prudential Financial, Inc. (NYSE: PRU) of $112, compared to the previous target of $108. The analyst also reiterated his Sector Perform rating on the stock while raising his price target.

In the second quarter of 2021, Prudential Financial, Inc. (NYSE: PRU) had an EPS of $3.79, beating estimates by $0.69. The company’s revenue was $13.10 billion, up 0.18% year over year and missing estimates by $609.14 million. Prudential Financial, Inc. (NYSE: PRU) has gained 22.22% in the past 6 months and 36.57% year to date.

By the end of the second quarter of 2021, 28 hedge funds out of the 873 tracked by Insider Monkey held stakes in Prudential Financial, Inc. (NYSE: PRU) worth roughly $494 million. This is compared to 37 hedge funds in the previous quarter with a total stake value of approximately $634 million.