Prudential Financial, Inc. (PRU) is a major U.S.-based financial services company with a market cap of $37.5 billion. It offers life insurance, retirement solutions, and global asset management through its PGIM division, overseeing about $1.5 trillion in assets.
PRU stock has declined 18.8% over the past 52 weeks and 12.7% YTD, trailing the S&P 500 Index. It has also lagged behind the iShares U.S. Insurance ETF over the same periods.
On Oct. 29, Prudential Financial released its third-quarter earnings, with shares rising 1.9% after a solid earnings beat. After-tax adjusted operating income was $1.5 billion, up from $1.2 billion a year earlier, and net income surged to $1.4 billion from $448 million.
Analysts expect PRU’s EPS to increase 12.8% year over year to $14.23 for the current year ending in December. The consensus rating among 19 analysts covering the stock is a “Hold,” with two “Strong Buy” ratings, 15 “Holds,” and two “Strong Sells.
On Oct. 16, Piper Sandler analyst John Barnidge reiterated a “Hold” rating on Prudential Financial and set a $110 price target.
Read more at Yahoo Finance: Prudential Financial Stock: Analyst Estimates & Ratings
