Morningstar believes Prudential is well-positioned with recent capital allocation changes, including a $2 billion buyback acceleration and new share repurchases. The company aims for over $4.4 billion in gross operating free surplus for 2027, driving dividend capacity. Forecasts show potential undervaluation with a fair value estimate of GBP 12.10 per share and expectations for a near doubling of dividends to $0.46 per share. This analysis was originally published by Morningstar Equity Research. The author does not own shares in any mentioned securities.

Read more at Morningstar: Prudential: In Our Revisit, We Still View Shares as Undervalued