|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||105.51 - 107.39|
|52 Week Range||97.88 - 127.14|
|PE Ratio (TTM)||5.98|
|Earnings Date||May 2, 2018|
|Forward Dividend & Yield||3.60 (3.36%)|
|1y Target Est||127.20|
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.
What Lies Ahead for Prudential Financial? Insurance giant Prudential Financial’s (PRU) investment management business saw its operating income rise to $306 million in 4Q17 from $224 million in 4Q16, boosted by performance, transactions, commercial mortgages, and strategic investing. This positive momentum was offset by asset management fees increasing due to higher AUM (assets under management).
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.
PGIM, the asset management arm of Prudential Financial, named Ken Poliziani as its first chief marketing officer. Poliziani was most recently chief marketing officer of the institutional and retirement ...
PGIM today announced that Ken Poliziani has joined the firm as its first chief marketing officer. In his new role, Poliziani will be responsible for building on the strength and reputation of the overall PGIM brand as the company continues its global growth.
Jersey City, the second-most-populous city in the U.S. state of New Jersey, will continue to utilize Prudential Retirement as the recordkeeper for its $208 million governmental retirement plan.
The insurance sector (IYF) has seen underwriting losses in 2H17 mainly due to higher claims resulting from hurricanes and other calamities. This has led to higher insurance revenues for many companies, including Berkshire Hathaway (BRK.B). Underwriting losses will largely depend upon claims arising in the upcoming quarters.
In 1Q18, Berkshire Hathaway (BRK.B) is expected to post EPS (earnings per share) of $3,115, a rise of 44% on a YoY (year-over-year) basis aided by lower taxes, targeted efficiencies in BNSF, and an expected decline in claims from its insurance business. Berkshire is expected to see a 9.9% fall in its top line to $58.7 billion in 1Q18 due to subdued growth in underwriting fees and the services sector. In 4Q17, Berkshire posted EPS of $2,029, which were affected by underwriting losses and the subdued performance of its energy subsidiary.
Fifteen U.S. corporations including online retailer Amazon.com Inc (AMZN.O), power company Duke Energy Corp (DUK.N) and insurer Prudential Financial Inc (PRU.N) avoided U.S. tax on nearly $25 billion in combined profits last year, a tax watchdog group said on Tuesday. A report by the Institute on Taxation and Economic Policy, or ITEP, said data showed how profitable Fortune 500 companies have routinely lowered their tax bills long before the Republican tax overhaul signed into law by President Donald Trump in December. The 15 corporations had profits of $24.5 billion in 2017 but managed to obtain nearly $1.4 billion in rebates from the U.S. Treasury for a combined tax rate of minus 5.6 percent, according to the ITEP report, which examined corporate income tax disclosures.
Quincy Krosby, Prudential Financial chief market strategist, discusses the outlook for equity markets and her investment strategy with Bloomberg's Vonnie Quinn and Shery Ahn on "Bloomberg Markets." ...
PGIM Investments has entered the exchange-traded fund space with the launch of the PGIM Ultra Short Bond ETF . The fund is a diversified, fixed income, actively managed ETF that aims to deliver current income and capital appreciation with a focus on managing risk.
Michael Wells, chief executive officer at Prudential, discusses comments made by Chinese leadership and outlook for the insurance industry overall. He speaks with Stephen Engle on “Bloomberg Markets: European ...
Prudential Short Duration High Yield Fund, Inc. , a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended February 28, 2018.
PGIM Fixed Income today announced that Brian Juliano, managing director, will be named head of the U.S. bank loan portfolio management team upon the retirement of Joe Lemanowicz later this year.
Prudential Financial Inc.’s investment management arm, PGIM, is bullish on global stocks and likes emerging-market debt, even as the escalating conflict between the U.S. and China over trade rocks markets....
Prudential Financial, Inc. will release its first quarter 2018 earnings on Wednesday, May 2, 2018, after the market closes. The earnings news release, the financial supplement and related materials will be posted on the company's Investor Relations website at: investor.prudential.com.
In December 2017, Prudential Financial Inc (NYSE:PRU) announced its latest earnings update. Overall, analyst consensus outlook seem bearish, as a -31.53% fall in profits is expected in the upcoming yearRead More...
Apr.10 -- Quincy Krosby, Prudential Financial chief market strategist, discusses the outlook for equity markets and her investment strategy with Bloomberg's Vonnie Quinn and Shery Ahn on "Bloomberg Markets."