Prudential Financial (PRU)

• Market cap: $42.4B
• 1 day: 0.52%
• 5 days: 4.18%
• 1 month: 0.10%
• 3 months: -6.89%
• 6 months: -6.53%
• Year to date: 0.63%
• 1 year: 16.85%
• 5 years: 22.56%
• 10 years: 47.82%
• Sector: Financials
• Industry: Life Insurance

About: Prudential Financial is a large, diversified insurance company offering annuities, life insurance, retirement plan services, and asset management products. While it operates in a number of countries, the vast majority of revenue is generated in the United States and Japan. The company's investment management business, PGIM, contributes approximately 10% of its earnings and has around $1.3 trillion in assets under management. The US businesses are responsible for about 50% of earnings and can be classified into Institutional Retirement Strategies, Individual Retirement Strategies, Group Insurance, Individual Life Insurance, and Assurance IQ. Finally, the international business segment of the company contributes approximately 40% of earnings with a strong market position in Japan.

Employees: 40,658

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

11% more first-time investments, than exits

New positions opened: 100 | Existing positions closed: 90

5% more repeat investments, than reductions

Existing positions increased: 493 | Existing positions reduced: 471

0% less funds holding

Funds holding: 1,280 [Q2] → 1,276 (-4) [Q3]

1% less capital invested

Capital invested by funds: $25.1B [Q2] → $25B (-$134M) [Q3]

1.57% less ownership

Funds ownership: 59.71% [Q2] → 58.14% (-1.57%) [Q3]

22% less funds holding in top 10

Funds holding in top 10: 9 [Q2] → 7 (-2) [Q3]

42% less call options, than puts

Call options by funds: $723M | Put options by funds: $1.24B

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $113 5% downside
• Avg. target: $131 10% upside
• High target: $152 28% upside

7 analyst ratings

• positive: 1 14%
• neutral: 6 86%
• negative: 0 0%

Barclays Alex Scott 56% 1-year accuracy 38 / 68 met price target	7% upside $127	Equal-Weight Maintained	17 Jan 2025
Keefe, Bruyette & Woods Ryan Krueger 94% 1-year accuracy 16 / 17 met price target	8% upside $129	Market Perform Maintained	16 Jan 2025
Piper Sandler John Barnidge 78% 1-year accuracy 31 / 40 met price target	4% upside $124	Neutral Maintained	16 Jan 2025
Wells Fargo Elyse Greenspan 67% 1-year accuracy 70 / 105 met price target	5% downside $113	Equal-Weight Maintained	16 Jan 2025
Jefferies Suneet Kamath 95% 1-year accuracy 19 / 20 met price target	28% upside $152	Buy Maintained	10 Dec 2024