Prudential Financial
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
4% more repeat investments, than reductions
Existing positions increased: 492 | Existing positions reduced: 471
0% less funds holding
Funds holding: 1,279 [Q2] → 1,274 (-5) [Q3]
1% less capital invested
Capital invested by funds: $24.9B [Q2] → $24.8B (-$153M) [Q3]
5% less first-time investments, than exits
New positions opened: 100 | Existing positions closed: 105
1.6% less ownership
Funds ownership: 59.37% [Q2] → 57.77% (-1.6%) [Q3]
22% less funds holding in top 10
Funds holding in top 10: 9 [Q2] → 7 (-2) [Q3]
43% less call options, than puts
Call options by funds: $692M | Put options by funds: $1.21B
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$117
1%
downside
Avg. target
$129
10%
upside
High target
$152
29%
upside
7 analyst ratings
1 positive
14%
6 neutral
86%
0 negative
0%
Jefferies Suneet Kamath 50% 1-year accuracy 10 / 20 met price target | 29%upside $152 | Buy Maintained | 10 Dec 2024 |
TD Cowen Daniel Bergman 0% 1-year accuracy 0 / 4 met price target | 13%upside $133 | Hold Maintained | 27 Nov 2024 |
Evercore ISI Group Thomas Gallagher 44% 1-year accuracy 7 / 16 met price target | 19%upside $140 | In-Line Upgraded | 14 Nov 2024 |
Wells Fargo Elyse Greenspan 57% 1-year accuracy 52 / 91 met price target | 1%downside $117 | Equal-Weight Maintained | 5 Nov 2024 |
Barclays Alex Scott 56% 1-year accuracy 32 / 57 met price target | 1%upside $119 | Equal-Weight Maintained | 1 Nov 2024 |
Financial journalist opinion
Based on 12 articles about PRU published over the past 30 days
Neutral
Business Wire
2 days ago
Prudential Financial Completes Guaranteed Universal Life Reinsurance Transaction With Wilton Re and Completes Internal Captive Restructure
NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) announced today that it has successfully closed a reinsurance transaction for a portion of its guaranteed universal life block with Wilton Re. This transaction, originally announced on Aug. 20, 2024, advances Prudential's strategic progress to become a higher growth and more capital efficient company. The financial impact of the transaction aligns with the impacts outlined at the time of the announcement. Additionally, Pruden.
Neutral
Business Wire
3 days ago
Prudential collaborates with Empathy to enhance workplace benefits with holistic bereavement support for families coping with loss
NEWARK, N.J.--(BUSINESS WIRE)--The loss of a loved one is a profoundly difficult time, and navigating the financial, legal, emotional and logistical challenges that follow can often be daunting. Prudential Financial, Inc. (NYSE: PRU) announced today a new strategic relationship with Empathy, a leading bereavement support platform, that will provide beneficiaries with access to an enhanced suite of resources to help them cope with loss and navigate the challenges throughout the grieving journey.
Positive
Seeking Alpha
1 week ago
2 Ideal Buys From 50 'Safer' Dividends In 100 December Sustainables
Calvert Research and Management ranked the 1,000 largest publicly traded companies by ESG performance, identifying the top 100 sustainable companies for 2024. Among 78 dividend paying sustainable companies, 8 met the Dogcatcher ideal, with annual dividends from a $1K investment exceeding their single share prices. Analysts estimate net gains of 15.68% to 48.08% for the top ten ESG companies by December 2025.
Positive
Seeking Alpha
2 weeks ago
Prudential Financial: The Buying Window Has Closed (For Now)
Since my last article, shares of Prudential Financial have moderately outperformed the S&P 500 index. The financial services giant has growth catalysts for the future. Prudential boasts A-rated corporate credit ratings from the major rating agencies.
Neutral
Business Wire
2 weeks ago
Prudential Financial Board of Directors Elects Andrew Sullivan as Next CEO
NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) today announced that the Board of Directors has appointed Andrew Sullivan as its next CEO, effective March 31, 2025. Sullivan, who currently serves as executive vice president and head of International Businesses and Global Investment Management, will succeed Charles F. Lowrey. Lowrey will remain as Executive Chairman of the Board for 18 months, working with the Board and supporting and advising Sullivan. As part of Prudentia.
Neutral
Business Wire
2 weeks ago
Acathia Capital Increases Stake in Swedish Savings Platform Futur
FRANKFURT, Germany--(BUSINESS WIRE)--Acathia Capital has signed its second GP-led secondary transaction thereby increasing its stake in Futur, Sweden's leading pension and savings platform. For this investment Acathia Capital is backed by Montana Capital Partners, a global private equity secondaries investment manager and part of PGIM, the global investment management business of Prudential Financial, Inc. (NYSE: PRU). MCP serves as the main investor in this transaction, alongside a German insu.
Neutral
Business Wire
2 weeks ago
Affirm and PGIM Fixed Income Expand Partnership with Completion of Private Purchase of $500 Million in Loans
SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and PGIM Fixed Income, a Prudential Financial (NYSE: PRU) company and one of the largest global fixed income managers with $859 billion in assets under management, today announced that PGIM Fixed Income has completed an inaugural private purchase of $500 million in Affirm loans. The transaction deepens Affirm's partnership with PGIM Fixed Income, wh.
Positive
Zacks Investment Research
2 weeks ago
PRU Stock Near 52-Week High: Here's What Investors Should Know
Prudential Financial gains from higher emerging markets earnings, expanded distribution, compelling product offerings and strategic acquisitions.
Positive
Zacks Investment Research
3 weeks ago
5 Multiline Insurers to Watch as Exposure Rises, Pricing Moderates
Better pricing, product redesigns, technological advancement and improving inflation are expected to aid multiline insurers like AIG, PRU, HIG, RDN and CNO.
Positive
Zacks Investment Research
3 weeks ago
Why Is Prudential (PRU) Up 5.8% Since Last Earnings Report?
Prudential (PRU) reported earnings 30 days ago. What's next for the stock?
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