PRU has experienced substantial growth, with its value up 35.1% in a year and 13% YTD. Multiple investors, including Bessemer Group Inc and Blair William & Co., are reducing their Prudential shares. However, Prudential shares continue to be acquired by others such as O Shaughnessy Asset Management LLC.
A positive move by the Prudential Financial, the launch of SimplyIncome for workplace retirement plans on the Fidelity Investments platform, is expected to improve its returns. The company is also assuming $4.9 billion in pension obligations for 21,500 Shell U.S. retirees.
Despite meeting EPS estimates, Q1 2024 Earnings reveal strategic progress, PRU's Q1 earnings missed revenues expectations. Nonetheless, PRU has cleared a key benchmark, hitting an 80-plus RS rating, and displays strong price performance. In addition, Prudential Financial is largely held by institutional owners at 59%.
The CEO compensation for Prudential Financial is viewed to be reasonable by the majority of shareholders, and despite insiders selling US$12m In stock, most industry analysts have upgraded their revenue forecasts for PRU by 10%.
Prudential Financial PRU News Analytics from Thu, 07 Sep 2023 07:00:00 GMT to Sat, 27 Jul 2024 17:27:13 GMT - Rating 7 - Innovation 2 - Information 6 - Rumor -2
