About Prudential Financial (NYSE:PRU)
Prudential Financial, Inc., is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company's operations consists of four divisions, which together encompass seven segments. The U.S. Retirement Solutions and Investment Management division consists of Individual Annuities, Retirement and Asset Management segments. The U.S. Individual Life and Group Insurance division consists of Individual Life and Group Insurance segments. The International Insurance division consists of International Insurance segment. The Closed Block division consists of Closed Block segment. The Company has operations in the United States, Asia, Europe and Latin America.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Life & Health Insurance
- Sub-Industry: Life & Health Insurance
- Symbol: NYSE:PRU
- CUSIP: 74432010
- Web: www.prudential.com
- Market Cap: $47.30306 billion
- Outstanding Shares: 427,000,000
- 50 Day Moving Avg: $105.78
- 200 Day Moving Avg: $106.81
- 52 Week Range: $82.45 - $115.26
Sales & Book Value:
- Trailing P/E Ratio: 12.37
- Foreward P/E Ratio: 9.87
- P/E Growth: 1.35
- Annual Revenue: $59.25 billion
- Price / Sales: 0.80
- Book Value: $113.44 per share
- Price / Book: 0.98
- Annual Dividend: $3.00
- Dividend Yield: 2.7%
- EBITDA: $7.12 billion
- Net Margins: 7.15%
- Return on Equity: 8.98%
- Return on Assets: 0.56%
- Debt-to-Equity Ratio: 0.36%
- Current Ratio: 0.13%
- Quick Ratio: 0.13%
- Average Volume: 1.78 million shs.
- Beta: 1.51
- Short Ratio: 2.12
Frequently Asked Questions for Prudential Financial (NYSE:PRU)
What is Prudential Financial's stock symbol?
Prudential Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRU."
How often does Prudential Financial pay dividends? What is the dividend yield for Prudential Financial?
Prudential Financial declared a quarterly dividend on Tuesday, August 8th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.75 per share on Thursday, September 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, August 18th. View Prudential Financial's Dividend History.
How were Prudential Financial's earnings last quarter?
Prudential Financial, Inc. (NYSE:PRU) issued its earnings results on Wednesday, August, 2nd. The company reported $2.09 earnings per share for the quarter, missing the consensus estimate of $2.70 by $0.61. The business earned $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. During the same quarter in the previous year, the firm earned $1.84 earnings per share. View Prudential Financial's Earnings History.
When will Prudential Financial make its next earnings announcement?
Where is Prudential Financial's stock going? Where will Prudential Financial's stock price be in 2017?
13 analysts have issued twelve-month price targets for Prudential Financial's shares. Their forecasts range from $100.00 to $129.00. On average, they anticipate Prudential Financial's share price to reach $115.00 in the next year. View Analyst Ratings for Prudential Financial.
What are analysts saying about Prudential Financial stock?
Here are some recent quotes from research analysts about Prudential Financial stock:
- 1. According to Zacks Investment Research, "Shares of the company outperformed the industry in a year’s time. Moreover, the company saw its 2017 and 2018 estimates move north in the last 60 days. Prudential Financial remains well poised for growth on the back of its high performing asset management business, international operations and deeper reach in the pension risk transfer market. It strives to build leadership position in the pension risk transfer market. Expanded international presence provides it with better organic growth opportunities than peers. Also, a strong balance sheet and efficient capital management are tailwinds. It now expects ROE between 12% and 13% in the near to intermediate-term. However, exposure to low interest rates, unfavorable currency impact and regulatory control remain headwinds." (10/10/2017)
- 2. Wells Fargo & Company analysts commented, "We expect a modestly negative reaction to Q2 earnings in PRU shares. Adjusting 2017E for the miss. We are lowering our full-year 2017E to $10.06 from $10.69 to reflect the miss. No change to our 2018E of $11.15. No change to our $110 price target. More on the actuarial assumption review. The $653 million impact to life segment earnings from updates to reserves as a result of the actuarial assumption review was primarily driven by systems upgrades, which resulted in: 1) slight acceleration of claims, and 2) a change in estimating reinsurance cash flows, from a pay-as-you-go system to an accrual system. The net change will result in a quarterly degradation of $40 million pre-tax to life segment earnings. The change in assumptions in the annuity and retirement segments will add a combined $30 million pre-tax to quarterly earnings. We note the net $10 million degradation of quarterly earnings power is immaterial in the context of run-rate pretax earnings of $1.5 billion. What we liked." (8/3/2017)
Who are some of Prudential Financial's key competitors?
Some companies that are related to Prudential Financial include Prudential Public Limited Company (PUK), MetLife (MET), Manulife Financial Corp (MFC), Aflac Incorporated (AFL), Sun Life Financial (SLF), Aviva plc (AV), Principal Financial Group (PFG), Lincoln National Corporation (LNC), Aegon NV (AEG), Unum Group (UNM), Athene Holding (ATH), Voya Financial (VOYA), StanCorp Financial Group (SFG), CNO Financial Group (CNO), Symetra Financial (SYA), Phoenix Group Holdings (PHNX), Just Group PLC (JUST) and Just Group PLC (JRP).
Who are Prudential Financial's key executives?
Prudential Financial's management team includes the folowing people:
- John R. Strangfeld Jr., Chairman of the Board, President, Chief Executive Officer
- Mark B. Grier, Vice Chairman of the Board
- Robert M. Falzon, Chief Financial Officer, Executive Vice President
- Charles F. Lowrey, Executive Vice President, Chief Operating Officer - International Businesses
- Lucien Alziari, Chief Human Resource Officer, Senior Vice President
- Timothy Patrick Harris, Executive Vice President, General Counsel
- Stephen Pelletier, Executive Vice President, Chief Operating Officer - U.S. Businesses
- Scott G. Sleyster, Senior Vice President, Chief Investment Officer
- Barbara G. Koster, Senior Vice President, Chief Information Officer
- Nicholas C. Silitch, Senior Vice President, Chief Risk Officer
Who owns Prudential Financial stock?
Prudential Financial's stock is owned by many different of retail and institutional investors. Top institutional investors include APG Asset Management N.V. (0.63%), Douglas Lane & Associates LLC (0.15%), PGGM Investments (0.14%), Robeco Institutional Asset Management B.V. (0.07%), State Treasurer State of Michigan (0.03%) and Shell Asset Management Co. (0.02%). Company insiders that own Prudential Financial stock include Barbara Koster, Charles F Lowrey, Douglas A Scovanner, George Paz, John R Strangfeld Jr, John R Strangfeld, Jr, Michael Todman, Nicholas C Silitch, Robert Falzon, Scott Sleyster, Sharon C Taylor, Stephen Pelletier and Timothy P Harris. View Institutional Ownership Trends for Prudential Financial.
Who sold Prudential Financial stock? Who is selling Prudential Financial stock?
Prudential Financial's stock was sold by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc., Shell Asset Management Co., Oakbrook Investments LLC, Mutual of America Capital Management LLC, Quantitative Systematic Strategies LLC, State Treasurer State of Michigan, Murphy Capital Management Inc. and Foster & Motley Inc.. Company insiders that have sold Prudential Financial stock in the last year include Barbara Koster, Charles F Lowrey, John R Strangfeld Jr, Nicholas C Silitch, Stephen Pelletier and Timothy P Harris. View Insider Buying and Selling for Prudential Financial.
Who bought Prudential Financial stock? Who is buying Prudential Financial stock?
Prudential Financial's stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., PGGM Investments, Assenagon Asset Management S.A., Sit Investment Associates Inc., Douglas Lane & Associates LLC, Eqis Capital Management Inc., Robeco Institutional Asset Management B.V. and First United Bank Trust. Company insiders that have bought Prudential Financial stock in the last two years include Douglas A Scovanner, George Paz and Michael Todman. View Insider Buying and Selling for Prudential Financial.
How do I buy Prudential Financial stock?
Shares of Prudential Financial can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Prudential Financial's stock price today?
MarketBeat Community Rating for Prudential Financial (NYSE PRU)MarketBeat's community ratings are surveys of what our community members think about Prudential Financial and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Prudential Financial stock can currently be purchased for approximately $110.78.
Consensus Ratings for Prudential Financial (NYSE:PRU) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||6 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.54)|
|Consensus Price Target: ||$115.00 (3.81% upside)|Consensus Price Target History for Prudential Financial (NYSE:PRU)
Analysts' Ratings History for Prudential Financial (NYSE:PRU)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/18/2017||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Neutral||$114.00||N/A|
|10/17/2017||Citigroup Inc.||Upgrade||Neutral -> Buy||$103.00||N/A|
|10/16/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$121.00||N/A|
|10/10/2017||FBR & Co||Upgrade||Neutral -> Buy||$117.00 -> $100.00||N/A|
|10/5/2017||Morgan Stanley||Boost Price Target||Equal Weight||$118.00 -> $123.00||N/A|
|9/6/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$117.00||High|
|8/3/2017||Wells Fargo & Company||Reiterated Rating||Hold||High|
|5/23/2017||Credit Suisse Group||Lower Price Target||Neutral||$121.00 -> $120.00||Low|
|4/19/2017||Deutsche Bank AG||Boost Price Target||Buy||$114.00 -> $117.00||Medium|
|4/3/2017||J P Morgan Chase & Co||Boost Price Target||Overweight||$108.00 -> $113.00||Low|
|2/19/2017||Barclays PLC||Reiterated Rating||Buy||$129.00||N/A|
|2/10/2017||Atlantic Securities||Downgrade||Overweight -> Neutral||N/A|
|12/7/2016||Bank of America Corporation||Upgrade||Underperform -> Buy||N/A|
|7/6/2016||Evercore ISI||Initiated Coverage||Hold||$78.00||N/A|
|4/1/2016||Sandler O'Neill||Reiterated Rating||Buy||N/A|
|3/18/2016||Macquarie||Reiterated Rating||Neutral||$85.00 -> $88.00||N/A|
|3/18/2016||Drexel Hamilton||Reiterated Rating||Buy||N/A|
|3/17/2016||Raymond James Financial, Inc.||Reiterated Rating||Strong-Buy||$101.00 -> $106.00||N/A|
|2/11/2016||Piper Jaffray Companies||Reiterated Rating||Overweight||$100.00 -> $89.00||N/A|
|11/26/2015||Argus||Downgrade||Buy -> Hold||N/A|
Earnings History for Prudential Financial (NYSE:PRU)Earnings History by Quarter for Prudential Financial (NYSE PRU)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$2.70||$2.09||$12.45 billion||$13.03 billion||View||Listen|
|5/3/2017||Q1 2017||$2.64||$2.79||$12.75 billion||$13.24 billion||View||Listen|
|2/8/2017||Q416||$2.32||$2.46||$12.09 billion||$13.42 billion||View||Listen|
|11/2/2016||Q316||$2.49||$2.66||$11.52 billion||$13.38 billion||View||Listen|
|8/3/2016||Q216||$2.51||$1.84||$11.53 billion||$13.01 billion||View||Listen|
|5/4/2016||Q116||$2.37||$2.18||$11.19 billion||$11.93 billion||View||Listen|
|2/10/2016||Q415||$2.30||$1.94||$11.54 billion||$13.25 billion||View||Listen|
|11/4/2015||Q315||$2.42||$2.40||$11.33 billion||$11.08 billion||View||Listen|
|8/5/2015||Q215||$2.47||$2.91||$11.24 billion||$12.50 billion||View||Listen|
|5/6/2015||Q115||$2.39||$2.79||$11.16 billion||$11.81 billion||View||Listen|
|2/4/2015||Q414||$2.37||$2.12||$12.31 billion||$15.83 billion||View||Listen|
|11/5/2014||Q3||$2.41||$2.20||$11.40 billion||$11.77 billion||View||Listen|
|8/6/2014||Q214||$2.35||$2.49||$11.12 million||$11.11 billion||View||Listen|
|5/7/2014||Q114||$2.26||$2.40||$11.72 billion||$10.94 billion||View||Listen|
|2/6/2014||Q413||$2.18||$2.20||$11.99 billion||$10.98 billion||View||Listen|
|11/7/2013||Q313||$2.10||$2.94||$12.65 billion||$10.82 billion||View||Listen|
|8/7/2013||Q2 2013||$1.98||$2.30||$12.23 billion||$11.72 billion||View||Listen|
|5/1/2013||Q1 2013||$1.88||$2.28||$12.67 billion||$11.83 billion||View||Listen|
|2/6/2013||Q1 2013||$1.74||$1.69||$12.86 billion||View||Listen|
|11/7/2012||Q312||$1.67||$1.53||$10.91 billion||$13.25 billion||View||N/A|
Earnings Estimates for Prudential Financial (NYSE:PRU)
2017 EPS Consensus Estimate: $10.42
2018 EPS Consensus Estimate: $11.03
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Prudential Financial (NYSE:PRU)
|Most Recent Dividend:||9/14/2017|
|Dividend Growth:||17.40% (3 Year Average)|
|Payout Ratio:||33.63% (Trailing 12 Months of Earnings) |
29.64% (Based on This Year's Estimates)
26.74% (Based on Next Year's Estimates)
|Track Record:||8 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Prudential Financial (NYSE PRU)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Prudential Financial (NYSE:PRU)
Insider Ownership Percentage: 0.66%Insider Trades by Quarter for Prudential Financial (NYSE:PRU)
Institutional Ownership Percentage: 64.41%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/9/2017||Nicholas C Silitch||Insider||Sell||14,897||$110.00||$1,638,670.00|| |
|8/7/2017||Stephen Pelletier||Insider||Sell||4,133||$112.18||$463,639.94|| |
|7/3/2017||John R Strangfeld Jr||Chairman||Sell||201,585||$110.00||$22,174,350.00|| |
|5/8/2017||Charles F Lowrey||Insider||Sell||222,857||$108.04||$24,077,470.28|| |
|3/2/2017||Barbara Koster||Insider||Sell||33,743||$112.87||$3,808,572.41|| |
|2/23/2017||George Paz||Director||Buy||500||$110.73||$55,365.00|| |
|2/21/2017||Michael Todman||Director||Buy||450||$111.11||$49,999.50|| |
|2/17/2017||Timothy P Harris||EVP||Sell||6,087||$110.75||$674,135.25|| |
|10/14/2016||Scott Sleyster||Insider||Sell||9,379||$85.06||$797,777.74|| |
|10/10/2016||Sharon C Taylor||SVP||Sell||85,490||$84.99||$7,265,795.10|| |
|10/5/2016||Charles F Lowrey||Insider||Sell||50,322||$85.00||$4,277,370.00|| |
|10/5/2016||Robert Falzon||CFO||Sell||9,781||$85.00||$831,385.00|| |
|10/5/2016||Timothy P Harris||EVP||Sell||6,531||$85.00||$555,135.00|| |
|9/9/2016||Charles F Lowrey||Insider||Sell||41,644||$80.00||$3,331,520.00|| |
|8/8/2016||Robert Falzon||CFO||Sell||33,820||$77.13||$2,608,536.60|| |
|8/8/2016||Stephen Pelletier||Insider||Sell||4,470||$76.36||$341,329.20|| |
|2/16/2016||Douglas A Scovanner||Director||Buy||7,400||$62.56||$462,944.00|| |
|11/3/2015||Charles F. Lowrey||EVP||Sell||7,959||$85.00||$676,515.00|| |
|11/3/2015||John R. Strangfeld, Jr.||Chairman||Sell||70,026||$85.00||$5,952,210.00|| |
|11/3/2015||Sharon C. Taylor||SVP||Sell||14,589||$85.00||$1,240,065.00|| |
|8/17/2015||Stephen Pelletier||EVP||Sell||10,690||$88.93||$950,661.70|| |
|6/10/2015||Susan L Blount||EVP||Sell||26,465||$90.00||$2,381,850.00|| |
|3/3/2015||Robert Axel||SVP||Sell||3,785||$81.23||$307,455.55|| |
|12/23/2014||Susan L Blount||EVP||Sell||3,129||$92.00||$287,868.00|| |
|8/19/2014||Mark B Grier||Chairman||Sell||408,076||$89.42||$36,490,155.92|| |
|8/18/2014||Scott Sleyster||SVP||Sell||18,866||$89.19||$1,682,658.54|| |
|6/6/2014||Richard F Lambert||SVP||Sell||2,376||$89.12||$211,749.12|| |
|3/12/2014||Sharon Taylor||SVP||Sell||21,926||$86.36||$1,893,529.36|| |
|3/7/2014||Susan Blount||EVP||Sell||68,047||$88.00||$5,988,136.00|| |
|3/6/2014||Peter Sayre||SVP||Sell||2,200||$86.95||$191,290.00|| |
|11/25/2013||Robert Falzon||CFO||Sell||17,565||$89.69||$1,575,404.85|| |
|11/18/2013||Mark Grier||Chairman||Sell||280,902||$89.30||$25,084,548.60|| |
|9/18/2013||Peter Sayre||SVP||Sell||9,001||$81.60||$734,481.60|| |
|9/9/2013||Sharon C Taylor||SVP||Sell||22,073||$77.95||$1,720,590.35|| |
|9/4/2013||Constance J Horner||Director||Sell||5,000||$78.50||$392,500.00|| |
|8/13/2013||Peter Sayre||SVP||Sell||4,000||$80.50||$322,000.00|| |
|8/13/2013||Susan Blount||EVP||Sell||32,809||$80.59||$2,644,077.31|| |
|7/10/2013||Peter B Sayre||SVP||Sell||10,888||$77.63||$845,235.44|| |
|6/10/2013||Peter B Sayre||SVP||Sell||1,100||$72.61||$79,871.00|| |
|5/30/2013||Barbara Koster||SVP||Sell||8,736||$70.30||$614,140.80|| |
|5/15/2013||Peter B Sayre||SVP||Sell||7,830||$67.66||$529,777.80|| |
|5/13/2013||Susan L Blount||SVP||Sell||6,289||$64.84||$407,778.76|| |
|5/8/2013||Edward P Baird||EVP||Sell||18,344||$65.87||$1,208,319.28|| |
|12/6/2012||Barbara Koster||SVP||Sell||6,386||$52.36||$334,370.96|| |
|11/12/2012||Scott Sleyster||SVP||Sell||27,263||$52.34||$1,426,945.42|| |
Headline Trends for Prudential Financial (NYSE:PRU)
Latest Headlines for Prudential Financial (NYSE:PRU)
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Prudential Financial (PRU) Chart for Sunday, October, 22, 2017