|Bid||101.73 x 800|
|Ask||101.78 x 800|
|Day's Range||101.59 - 102.58|
|52 Week Range||95.83 - 127.14|
|PE Ratio (TTM)||5.69|
|Forward Dividend & Yield||3.60 (3.60%)|
|1y Target Est||N/A|
Prudential Financial Inc. has a warning for the more than half of S&P 500 companies that have underfunded pensions: Waiting for the market to ease the pain of that shortfall won’t help. A typical pension-plan sponsor has “virtually no chance of earning its way to fully funded status,” meaning the company will have to put more money into the retirement plan, according to a report from the life insurer. Taking an average plan that is 84 percent funded and building in various assumptions about asset allocation and returns, Prudential found there’s less than a 1 percent chance the employer will get to 100 percent in four years without making any contributions.
On the 14 June 2018, Prudential Financial Inc (NYSE:PRU) will be paying shareholders an upcoming dividend amount of $0.9 per share. However, investors must have bought the company’s stock beforeRead More...
Of the 19 analysts that are covering Prudential Financial (PRU), six analysts suggest a “strong buy,” and eight suggest a “hold” on the stock. The remaining five analysts recommend a “buy” on Prudential Financial. Of the 18 analysts that tracked Prudential Financial in April 2018, five had suggested a “buy,” and seven suggested a “hold” on the stock.
The price-to-book ratio of Prudential Financial (PRU) stood at 0.85x on an NTM (next-12-month) basis, which is lower than the peer average of 1.22x. Competitors Travelers Companies (TRV), Hartford Financial Services (HIG), and MetLife (MET) have price-to-book ratios of 1.42x, 1.37x, and 0.89x, respectively, on an NTM basis.
Prudential Financial’s (PRU) Life Planner operations saw adjusted operating income of $416 million in 1Q18, while in 1Q17 it was $408 million. This rise also includes the benefits from currency fluctuations. However, after excluding these benefits, the increase stood at $7 million mainly due to operations in Brazil as well as Japan.
Prudential Financial’s (PRU) Investment Management division generated adjusted operating income of $232 million in 1Q18, while in 1Q17 it was $196 million. The performance of this segment depends primarily on the average assets under management (or AUM), which are primarily affected by fluctuations in the markets.
Prudential Financial’s (PRU) US Workplace Solutions division is further divided into two segments: Retirement Group Insurance
Prudential Financial (PRU) released its 1Q18 earnings results on May 2. The company’s US Individual Solutions division is further divided into two segments: Individual Life Individual Annuities
Axa Equitable priced at $20 and began trading Thursday at the NYSE at $19.75. The IPO raised $2.75 billion, making it the biggest U.S. IPO this year but it still fell short of Axa's targeted range. Axa CS-FR 's $15.3 billion takeover of global property casualty firm XL Group was a monster deal in the insurance world, but Paris-based Axa's plan to pay for the acquisition has come up short.
In 1Q18, Berkshire Hathaway’s (BRK.B) insurance revenue fell YoY (year-over-year) to $14.6 billion from $22.9 billion, mainly due to Berkshire Hathaway Reinsurance Group revenue falling $9.7 billion as a result of scaling back amid operating losses. This fall was partially offset by growth in GEICO, Berkshire Hathaway Primary Group, and investment income.
Berkshire Hathaway (BRK.B) announced its 1Q18 results on May 4. During the quarter, its operating profit rose 49% YoY (year-over-year) to $5.3 billion, boosted by insurance, BNSF Railway, and operating efficiency. However, it posted an overall loss of $1.1 billion, mainly due to changes in accounting rules to accommodate mark-to-market gains or losses in quarterly earnings. Berkshire Hathaway CEO Warren Buffett has expressed concerns about the new rules, expecting wild swings in profits every quarter.
NEW YORK (AP) — U.S. stocks made up for a shaky week with a strong finish Friday as Apple led a rally in technology companies. The tech giant hit an all-time high after Warren Buffett said he'd made another big investment.
Discount to its valuation. Strong business with solid prospects. Above-average dividend. Three very different companies that share these important value traits.
MetLife Inc reported an 8 percent rise in adjusted first-quarter profit on Wednesday, boosted by U.S. tax reforms, as well as volume growth in Asia and better results in auto and catastrophe businesses. Analysts were expecting a quarterly profit of $1.17 per share, on average, according to Thomson Reuters I/B/E/S. It was not immediately clear if the numbers were comparable. MetLife shares rose 2.3 percent to $46.10 in afterhours trading.
The Newark, New Jersey-based company said it had profit of $3.14 per share. Earnings, adjusted for non-recurring gains, were $3.08 per share. The results topped Wall Street expectations. The average estimate ...
Prudential Financial Inc posted a better-than-expected quarterly adjusted profit on Wednesday as the insurer earned more fees from its annuities business. Prudential, the largest U.S. life insurer by assets, earned $1.34 billion, or $3.08 per share, in adjusted operating profit after-tax for the first quarter ended March 31, up from $1.24 billion, or $2.79 per share, a year earlier. Analysts had expected $2.98 per share, according to Thomson Reuters I/B/E/S.
Prudential Financial Inc reported an 8.3 percent increase in quarterly operating profit on Wednesday, helped by higher policy fees from its annuities business. Prudential, the largest U.S. life insurer ...
Insurance stocks in the first quarter are likely to benefit from a positive operating environment, fundamental strength of insurers and a lower tax rate.
Berkshire Hathaway (BRK.B) plans to announce its results on May 4. The company is expected to post 1Q18 earnings per share (or EPS) of $3,136, which implies growth of ~45% on a YoY basis helped by lower claims from the Insurance sector, improved efficiency from BNSF, higher revenues from manufacturing investments, and lower taxes. Insurance: Berkshire is expected to see a dip in claims on a sequential basis mainly due to lower reported calamities.
Better-than-expected results at U.S. Individual Solutions and Investment Management segment along with higher investment income and AUM growth might drive Prudential Financial (PRU) in Q1.
The combination of decent growth prospects and reasonable valuations puts these companies in the sweet spot for a 40-something investor.
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.