|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||51.72 - 52.33|
|52 Week Range||46.69 - 59.20|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||1.00 (1.94%)|
|1y Target Est||60.00|
What Lies Ahead for Prudential Financial? Of the 18 analysts covering Prudential Financial (PRU) in April 2018, six have recommended “strong buy,” five have recommended “buy,” and seven have recommended “hold.” There were no “strong sell” or “sell” recommendations.
Prudential Financial’s (PRU) 4Q17 results were boosted by the Tax Cuts and Jobs Act. During the quarter, it had EPS (earnings per share) of $2.69, while peers (XLF) MetLife (MET), American International Group (AIG), and The Hartford (HIG) had EPS of $0.64, $0.57, and $0.81, respectively.
Prudential Financial’s (PRU) asset management business is overseen by PGIM. According to the company, its asset management business has a strong revenue base. The company generates asset management fees from different asset classes. In 2017, 45% of the company’s asset management fees were from public fixed income, 8% were from private fixed income and equity, 17% were from real estate assets, 25% were from public equity, and 5% were from commercial mortgages.
In 4Q17, Prudential Financial’s (PRU) life planner operations’ adjusted operating income fell to $383 million from $395 million in 4Q16 due to foreign currency exchange, policies, and increased expenses. In 4Q17, life planner operations’ claims were in line with expectations. The international insurance division’s adjusted operating income rose to $777 million in 4Q17 from $755 million in 4Q16.
Prudential Financial’s (PRU) individual annuities segment’s adjusted operating income rose by $119 million to $541 million in 4Q17 from $422 million in 4Q16. However, this amount includes the impact of significant items. If this impact is excluded, its operating income rose $103 million, boosted by policy fees.
PGIM, which distributes Prudential Financial’s (PRU) retail products, has introduced the PGIM Ultra-Short Bond ETF, an actively managed fund focusing on capital appreciation and income generation. The diversified fund aims to manage risk.
Prudential Financial (PRU) has a positive outlook for its 2017 results. Wall Street analysts’ high and low EPS (earnings per share) estimates for Prudential are $3.10 and $2.61, respectively, for 1Q18. Their average estimate of $2.97 implies a quarter-over-quarter and year-over-year rise. In comparison, peers (XLF) American International Group (AIG), MetLife (MET), and The Hartford (HIG) are expected to post EPS of $1.28, $1.17, and $1.09, respectively, in the March 2018 quarter.
Hartford Financial's (HIG) efforts to check cyber threats are likely to bring improvement to the company's operating efficiency.
The Hartford today announced the launch of CyberChoice First ResponseSM, an admitted cyber liability product that helps businesses protect against cyberattacks in an effort to limit the damage to their bottom lines and reputations.
When it comes to maintaining a home, many homeowners age 50+ are putting off repairs, according to new research from The Hartford and the MIT AgeLab. About half of all mature homeowners surveyed said they have home maintenance tasks that could or should be done.
Prospects of merger & acquisition (M&A) activity and changes to cumbersome financial regulations are turning 2018 into The Year of the Financial Stock.
Moody's Investors Service continues to review for downgrade the Ba3 debt rating of Hartford Life, Inc. (HLI), as well as the Baa3 insurance financial strength ratings of Hartford Life Insurance Company ...
This could indicate that investors who seek to profit from falling equity prices are not currently targeting HIG. Over the last one-month, outflows of investor capital in ETFs holding HIG totaled $3.90 billion.
The Hartford today announced the closing of an offering of $500 million of 4.4 percent senior notes due 2048.
A.M. Best has assigned a Long-Term Issue Credit Rating of “a-” to the recently announced $500 million 4.40% senior unsecured notes due 2048 of The Hartford Financial Services Group, Inc.
Moody's Investors Service, ("Moody's") has assigned a Baa2 rating to $500 million of senior unsecured notes (on review for upgrade) due 2048 to be issued by The Hartford Financial Services Group, ...
Hartford Funds, the exchange traded funds and mutual funds arm of Hartford Financial Services Group, Inc. (NYSE: HIG ), lowered fees on six of its smart beta ETFs, including four multifactor products. ...
Stock Monitor: American National Insurance Post Earnings Reporting LONDON, UK / ACCESSWIRE / March 12, 2018 / Active-Investors.com has just released a free earnings report on The Hartford Financial Services ...
Hartford Financial (HIG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Hartford has been honored with two 2018 Climate Leadership Awards, one for excellence in reducing greenhouse gas emissions across the company’s operations, and another for setting goals to continue decreasing emissions as part of an overall strategy to address climate change.