Prudential Is A Steady Buy, With Upside From Higher Rates [Seeking Alpha]
Prudential Financial, Inc. (PRU)
Last prudential financial, inc. earnings: 2/4 04:18 pm
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US:NYSE Investor Relations:
investor.prudential.com
Company Research
Source: Seeking Alpha
Summary Shares of Prudential ( PRU ) are down about 15% in 2018 and have spent much of the last six months stuck between $90 and $100. While the company is not performing perfectly, shares are trading at a discount valuation of about 8x earnings, which means investors are being rewarded for even mediocre operating results. Additionally, investors are collecting a 3.84% dividend that should gradually grow while the company also has the financial capacity to opportunistically repurchase shares. As a life insurer, Prudential’s results will naturally benefit from rising interest rates, which could make shares attractive in a portfolio context for investors who are worried higher long term interest rates could hurt the broader stock market. In Q3, Prudential earned $3.15, which was a penny shy of estimates. Still, earnings were up about 4.5% year on year. The company’s life insurance businesses continue to perform as expected, and annuity sales have been steadily rising, which s
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PRU
News
- Women, part of the wave of baby boomers reaching ‘peak 65,' are more likely to struggle in retirement, research finds [CNBC]CNBC
- MPE Partners and Precision Pipeline Announce the Acquisition of SabCon Underground [Yahoo! Finance]Yahoo! Finance
- Global Financial Wellness Program Market Size To Exceed USD 6.45 Billion By 2033 | CAGR of 13.3% [Yahoo! Finance]Yahoo! Finance
- Levi & Korsinsky, LLP Notifies Shareholders of Prudential Financial, Inc. (PRU) an Upcoming Claims Deadline in a Class Action SettlementAccesswire
- Institutional investors may overlook Prudential Financial, Inc.'s (NYSE:PRU) recent US$2.4b market cap drop as long-term gains remain positive [Yahoo! Finance]Yahoo! Finance
PRU
Earnings
- 2/6/24 - Miss
PRU
Sec Filings
- 4/16/24 - Form 8-K
- 3/28/24 - Form ARS
- 3/28/24 - Form DEF
- PRU's page on the SEC website