NYSE:PRUPrudential Financial Stock Price, Forecast & News

$62.65

+2.19 (+3.62 %)

(As of 05/27/2020 01:03 PM ET)

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Today's Range

$62.04

Now: $62.65▼

$64.90

50-Day Range

$46.09

MA: $56.18▼

$64.49

52-Week Range

$38.62

Now: $62.65▼

$103.56

Volume272,038 shs

Average Volume2.71 million shs

Market Capitalization$24.75 billion

P/E Ratio8.69

Dividend Yield7.82%

Beta1.71

Prudential Financial, Inc., through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account. The U.S. Workplace Solutions division provides a range of retirement investment, and income products and services to retirement plan sponsors in the public, private, and not-for-profit sectors; and group life, long-term and short-term group disability, and group corporate-, bank-, and trust-owned life insurance in the United States, primarily to institutional clients for use in connection with employee plans and affinity groups. The U.S. Individual Solutions division develops and distributes individual variable and fixed annuity products, principally to the mass affluent and affluent markets; and individual variable, term, and universal life insurance products to the mass middle, mass affluent, and affluent markets in the United States. The International Insurance division develops and distributes individual life insurance, retirement, and related products to the mass affluent and affluent markets in Japan, Korea, and other foreign countries, as well as middle income and mass affluent markets. The company offers its products and services to individual and institutional customers through its proprietary and third-party distribution networks. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.

Beat the Market (BTM) Rank^™

4.1 Analyst's Opinion

Consensus Rating
Prudential Financial has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 4 buy ratings, 10 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $79.00, Prudential Financial has a potential upside of 26.0% from its current price of $62.68.
Amount of Analyst Coverage
Prudential Financial has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.8 Community Rank

Outperform Votes
Prudential Financial has received 833 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Prudential Financial has received 672 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Prudential Financial has received 55.35% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Prudential Financial and other stocks. Vote “Outperform” if you believe PRU will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PRU will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
Prudential Financial is a leading dividend payer. It pays a dividend yield of 7.82%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Prudential Financial has been increasing its dividend for 11 years.
Dividend Coverage
The dividend payout ratio of Prudential Financial is 37.64 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Prudential Financial will have a dividend payout ratio of 37.51 % next year. This indicates that Prudential Financial will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Prudential Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.33% of the stock of Prudential Financial is held by insiders.
Percentage Held by Institutions
60.60% of the stock of Prudential Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4 Earnings and Valuation

Earnings Growth
Earnings for Prudential Financial are expected to grow by 27.50% in the coming year, from $9.20 to $11.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Prudential Financial is 8.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of Prudential Financial is 8.69, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.31.
Price to Earnings Growth Ratio
Prudential Financial has a PEG Ratio of 0.68. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Prudential Financial has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.46 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Life insurance

Sub-IndustryLife & Health Insurance

SectorFinance

Current SymbolNYSE:PRU

Previous Symbol

CUSIP74432010

CIK1137774

Webwww.prudential.com

Phone973-802-6000

Debt

Debt-to-Equity Ratio0.33

Current Ratio0.14

Quick Ratio0.14

Price-To-Earnings

Trailing P/E Ratio8.69

Forward P/E Ratio6.81

P/E Growth0.68

Sales & Book Value

Annual Sales$58.13 billion

Price / Sales0.43

Cash Flow$14.71 per share

Price / Cash Flow4.26

Book Value$154.61 per share

Price / Book0.41

Profitability

EPS (Most Recent Fiscal Year)$11.69

Net Income$4.19 billion

Net Margins5.16%

Return on Equity7.13%

Return on Assets0.51%

Miscellaneous

Employees51,511

Outstanding Shares395,000,000

Market Cap$24.75 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Prudential Financial (NYSE:PRU) Frequently Asked Questions

How has Prudential Financial's stock been impacted by COVID-19 (Coronavirus)?

Prudential Financial's stock was trading at $57.97 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PRU stock has increased by 8.1% and is now trading at $62.68. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Prudential Financial?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prudential Financial in the last year. There are currently 1 sell rating, 10 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Prudential Financial.

When is Prudential Financial's next earnings date?

Prudential Financial is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Prudential Financial.

How were Prudential Financial's earnings last quarter?

Prudential Financial Inc (NYSE:PRU) issued its quarterly earnings data on Tuesday, May, 5th. The financial services provider reported $2.32 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $2.84 by $0.52. The financial services provider had revenue of $13.33 billion for the quarter, compared to the consensus estimate of $14.81 billion. Prudential Financial had a return on equity of 7.13% and a net margin of 5.16%. During the same quarter in the previous year, the business posted $3.00 EPS. View Prudential Financial's earnings history.

How often does Prudential Financial pay dividends? What is the dividend yield for Prudential Financial?

Prudential Financial declared a quarterly dividend on Tuesday, May 12th. Stockholders of record on Tuesday, May 26th will be paid a dividend of $1.10 per share on Thursday, June 18th. This represents a $4.40 annualized dividend and a yield of 7.02%. The ex-dividend date of this dividend is Friday, May 22nd. View Prudential Financial's dividend history.

What price target have analysts set for PRU?

15 brokers have issued 1 year price targets for Prudential Financial's stock. Their forecasts range from $57.00 to $108.00. On average, they expect Prudential Financial's stock price to reach $79.00 in the next year. This suggests a possible upside of 26.0% from the stock's current price. View analysts' price targets for Prudential Financial.

What are Wall Street analysts saying about Prudential Financial stock?

Here are some recent quotes from research analysts about Prudential Financial stock:

1. According to Zacks Investment Research, "Prudential shares have outperformed the industry year to date. The company continues to gain from asset-based businesses, improved margins in Group Insurance business and solid international operations. High performing asset management business, deeper reach in the pension risk transfer market, strong balance sheet and an efficient capital management are catalysts. Prudential expects return on equity between 12% and 14%, adjusted earnings per share growth in high single digit, and mid-to- high single digit earnings growth across PGIM, International and U.S. Financial Wellness in the intermediate term. However, exposure to low interest rates as well as to products like annuities and universal life, which yield low returns, remains a concern. Escalating expenses continue to weigh on margin expansion." (9/10/2019)
2. Wells Fargo & Co analysts commented, "We are maintaining our $115 price target. We expect shares to be largely unchanged following the investor day." (6/6/2019)

Has Prudential Financial been receiving favorable news coverage?

News headlines about PRU stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Prudential Financial earned a coverage optimism score of 2.0 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutPrudential Financial.

Are investors shorting Prudential Financial?

Prudential Financial saw a increase in short interest in May. As of May 15th, there was short interest totaling 9,840,000 shares, an increase of 14.7% from the April 30th total of 8,580,000 shares. Based on an average trading volume of 3,960,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.5% of the company's stock are short sold. View Prudential Financial's Current Options Chain.

Who are some of Prudential Financial's key competitors?

Some companies that are related to Prudential Financial include Metlife (MET), AFLAC (AFL), Principal Financial Group (PFG), Lincoln National (LNC), Primerica (PRI), Unum Group (UNM), CNO Financial Group (CNO), American Equity Investment Life (AEL), FBL Financial Group (FFG), National Western Life Group (NWLI), Independence (IHC), Citizens (CIA), Health Insurance Innovations (HIIQ) and Kansas City Life Insurance (KCLI). View all competitors.

What other stocks do shareholders of Prudential Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Prudential Financial investors own include AT&T (T), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), Cisco Systems (CSCO), Intel (INTC), Johnson & Johnson (JNJ), Pfizer (PFE), AbbVie (ABBV), Exxon Mobil (XOM) and Bank of America (BAC).

Who are Prudential Financial's key executives?

Prudential Financial's management team includes the following people:

Mr. Charles Frederick Lowrey Jr., Chairman, CEO & Pres (Age 61)
Mr. Mark Brown Grier, Vice Chairman (Age 66)
Mr. Kenneth Yutaka Tanji, Exec. VP & CFO (Age 53)
Mr. Stephen P. Pelletier, Exec. VP & COO of U.S. Bus.es (Age 65)
Mr. Robert Michael Falzon CFA, Vice Chairman (Age 59)

What is Prudential Financial's stock symbol?

Prudential Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRU."

Who are Prudential Financial's major shareholders?

Prudential Financial's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.50%), State Street Corp (4.60%), Wellington Management Group LLP (2.63%), JPMorgan Chase & Co. (1.73%), Geode Capital Management LLC (1.56%) and Invesco Ltd. (0.91%). Company insiders that own Prudential Financial stock include Andrew F Sullivan, Candace Woods, Charles F Lowrey, Kenneth Tanji, Nicholas C Silitch, Prudential Financial Inc, Robert Falzon, Sandra Pianalto, Scott Sleyster, Stephen Pelletier, Thomas J Baltimore Jr and Thomas J Baltimore, Jr. View institutional ownership trends for Prudential Financial.

Which major investors are selling Prudential Financial stock?

PRU stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, JPMorgan Chase & Co., Deutsche Bank AG, Zurcher Kantonalbank Zurich Cantonalbank, State Street Corp, Massachusetts Financial Services Co. MA, Bessemer Group Inc., and First Trust Advisors LP. Company insiders that have sold Prudential Financial company stock in the last year include Andrew F Sullivan, Candace Woods, Charles F Lowrey, Nicholas C Silitch, Robert Falzon, and Scott Sleyster. View insider buying and selling activity for Prudential Financial.

Which major investors are buying Prudential Financial stock?

PRU stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Prudential PLC, Swiss National Bank, Geode Capital Management LLC, Sumitomo Mitsui Trust Holdings Inc., APG Asset Management N.V., APG Asset Management N.V., and KBC Group NV. Company insiders that have bought Prudential Financial stock in the last two years include Charles F Lowrey, Kenneth Tanji, Prudential Financial Inc, Robert Falzon, Sandra Pianalto, Thomas J Baltimore Jr, and Thomas J Baltimore, Jr. View insider buying and selling activity for Prudential Financial.

How do I buy shares of Prudential Financial?

Shares of PRU can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Prudential Financial's stock price today?

One share of PRU stock can currently be purchased for approximately $62.68.

How big of a company is Prudential Financial?

Prudential Financial has a market capitalization of $24.76 billion and generates $58.13 billion in revenue each year. The financial services provider earns $4.19 billion in net income (profit) each year or $11.69 on an earnings per share basis. Prudential Financial employs 51,511 workers across the globe.

What is Prudential Financial's official website?

The official website for Prudential Financial is www.prudential.com.

How can I contact Prudential Financial?

Prudential Financial's mailing address is 751 BROAD ST, NEWARK NJ, 07102. The financial services provider can be reached via phone at 973-802-6000 or via email at [email protected]

This page was last updated on 5/27/2020 by MarketBeat.com Staff