Prudential Financial (PRU) is a continuously expanding company known for pioneering new retirement solutions and has recently added to its product line an innovative insurance brought about by its strategic partnership with insurtech
123Seguro and
Dimensional Funds. Analysts and investors with a close eye on PRU held varied opinions, with some lowering their price targets while others remain bullish citing its undervaluation. Despite a decrease in price targets by Barclays, Piper Sandler, and Wells Fargo, PRU continues to attract investment, with
Procyon Advisors LLC and
Gateway Investment Advisers LLC acquiring significant shares. PRU has also made leadership changes, appointing Sofia Belmar to oversee operations in Mexico and Jacques Chappuis as CEO of PGIM. Large quantities of PRU stocks were also acquired by Avanza Fonder AB, Constitution Capital LLC, Fiduciary Alliance LLC, and other firms. Remarkably, the company announced a $1.30 dividend and continues managing $1.6 trillion in global assets, indicating stable financial performance amidst market shifts. Furthermore, the firm's total returns have outpaced earnings growth over the past five years. Despite a revised EPS outlook, PRU stock retained its buy rating, signaling the market's resilient confidence in the company. PRU also completed a notable integration with LPL Financial Platform.
Prudential Financial PRU News Analytics from Fri, 05 Apr 2024 07:00:00 GMT to Sat, 18 Jan 2025 18:53:01 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor -4
