Prudential Financial
About: 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 Insurance, Individual Life Insurance, and Assurance IQ. Finally, the international business segment of the company contributes approximately 40% of earnings with a strong market position in Japan.
Employees: 40,658
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
40% more first-time investments, than exits
New positions opened: 122 | Existing positions closed: 87
3% more funds holding
Funds holding: 1,241 [Q1] → 1,276 (+35) [Q2]
1% more repeat investments, than reductions
Existing positions increased: 471 | Existing positions reduced: 465
2% less capital invested
Capital invested by funds: $25.4B [Q1] → $24.9B (-$461M) [Q2]
1.01% less ownership
Funds ownership: 60.32% [Q1] → 59.31% (-1.01%) [Q2]
18% less funds holding in top 10
Funds holding in top 10: 11 [Q1] → 9 (-2) [Q2]
40% less call options, than puts
Call options by funds: $631M | Put options by funds: $1.04B
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Wells Fargo Elyse Greenspan 76% 1-year accuracy 65 / 86 met price target | 7%downside $117 | Equal-Weight Maintained | 5 Nov 2024 |
Barclays Alex Scott 71% 1-year accuracy 36 / 51 met price target | 5%downside $119 | Equal-Weight Maintained | 1 Nov 2024 |
B of A Securities Jay Cohen 75% 1-year accuracy 3 / 4 met price target | 6%downside $118 | Neutral Maintained | 10 Oct 2024 |
Wells Fargo Elyse Greenspan 76% 1-year accuracy 65 / 86 met price target | 8%downside $116 | Equal-Weight Maintained | 10 Oct 2024 |
TD Cowen Daniel Bergman 0 / 0 met price target | 4%upside $130 | Hold Initiated | 9 Oct 2024 |
Financial journalist opinion
Based on 16 articles about PRU published over the past 30 days