AllAnalyst Report
logoMorningstarFebruary 22, 2024

Prudential Financial, Inc.: Prudential Is Well Positioned for 2024 After Strategic Repositioning of Its Portfolio

Symbols
PRU
Sector(s)
Financial Services
Rating
Current Price
$110.50
Fair Value
Economic Moat
Stewardship
Summary

Prudential Financial is a large, diversified insurance company offering annuities, life insurance, retirement plan services, and asset management products. While it operates in a number of countries, the vast majority of revenue is generated in the United States and Japan. The company’s investment management business, PGIM, contributes approximately 10% of its earnings and has around $1.3 trillion in assets under management. The US businesses are responsible for about 50% of earnings and can be classified into Institutional Retirement Strategies, Individual Retirement Strategies, Group

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