Prudential Financial PRU experienced a stock underperformance despite seeing daily gains. MBB Public Markets I LLC acquired 22,333 shares and the company's Q2 earnings missed, but revenue beat expectations. Aflac and Prudential Financial have released studies addressing paid leave's impact in the workplace. Prudential introduced Stop Loss Insurance and launched SimplyIncome for workplace retirement plans on the Fidelity Investments™ platform. The stock has been given a consensus rating of 'hold' by brokerages and has seen a 35.1% rise in a year. However, despite a 46% gain for investors who invested a year ago, the company's uninspiring ROE and shrinking earnings have raised concerns. There is speculation the company will take on $4.9 billion in pension obligations from Shell U.S. retirees. The company also revealed plans for a $2 billion share buyback, launched Momentum IUL, and announced strong Q2 2024 earnings. Despite this, the company's stock performance has yet to meet expectations and has seen several shares sold.
Prudential Financial PRU News Analytics from Fri, 10 Nov 2023 09:10:22 GMT to Sun, 29 Sep 2024 09:27:30 GMT -
Rating 4
- Innovation 3
- Information 7
- Rumor -2
