HighTower Advisors Reduces Stake in Prudential Financial

Asset management firm lowers position in financial services provider by over 44%

Published on Feb. 23, 2026

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HighTower Advisors LLC has reduced its stake in Prudential Financial, Inc. (NYSE: PRU) by 44.3% during the third quarter, according to a recent filing with the Securities and Exchange Commission. The firm now owns 66,465 shares of the financial services provider's stock, down from 119,340 shares previously.

Why it matters

Prudential Financial is one of the largest insurance and financial services companies in the United States, with a diverse range of products and services. Changes in ownership by major institutional investors can provide insights into market sentiment and outlook for the company.

The details

According to the SEC filing, HighTower Advisors sold 52,875 shares of Prudential Financial during the third quarter, reducing its position by 44.3%. The firm's remaining stake in Prudential is valued at approximately $6.9 million. The move comes as Prudential has faced some headwinds, with its stock price declining around 13% over the past year.

  • HighTower Advisors reduced its Prudential Financial stake during the third quarter of 2025.

The players

HighTower Advisors LLC

A Chicago-based independent wealth management firm that provides investment advisory and management services to high-net-worth individuals and institutions.

Prudential Financial, Inc.

A major American insurance and financial services company headquartered in Newark, New Jersey, offering a wide range of insurance, annuity, and asset management products and services.

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The takeaway

The reduction in HighTower Advisors' Prudential Financial stake suggests some institutional investors may be taking a more cautious view on the insurance giant amid broader market uncertainties. However, Prudential remains a major player in the financial services industry with a diverse product portfolio.