PRU Stock Summary and Trading Ideas (Prudential Financial | NYSE:PRU)

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.

Prudential Financial trades on the NYSE stock market under the symbol PRU.

As of April 15, 2024, PRU stock price declined to $108.36 with 1,342,819 million shares trading.

PRU has a beta of 1.05, meaning it tends to be more sensitive to market movements. PRU has a correlation of 0.39 to the broad based SPY ETF.

PRU has a market cap of $38.92 billion. This is considered a Large Cap stock.

Last quarter Prudential Financial reported $13 billion in Revenue and $2.58 earnings per share. This beat revenue expectation by $30 million and missed earnings estimates by -$.05.

In the last 3 years, PRU stock traded as high as $124.22 and as low as $75.37.

The top ETF exchange traded funds that PRU belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

PRU has outperformed the market in the last year with a return of +32.5%, while the SPY ETF gained +23.9%. In the last 3 month period, PRU beat the market returning +6.2%, while SPY returned +6.2%. However, in the most recent 2 weeks PRU has underperformed the stock market by returning -6.8%, while SPY returned -3.4%.

PRU support price is $108.43 and resistance is $110.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PRU stock will trade within this expected range on the day.