1-Jul-2024
Prudential Financial Announces Board Expansion and New Audit Member
TipRanks (Mon, 1-Jul 9:22 AM ET)
Prudential Financial Elects Carmine Di Sibio to Board of Directors
Business Wire (Mon, 1-Jul 8:35 AM ET)
Prudential's PGIM launches two active muni bond ETFs
Seeking Alpha News (Fri, 28-Jun 11:51 AM ET)
PGIM Introduces Two Active Muni ETFs
Business Wire (Fri, 28-Jun 8:47 AM ET)
Prudential Financial (PRU) Gets a Hold from Piper Sandler
TipRanks (Fri, 28-Jun 6:49 AM ET)
2024 Pulse of the American Retiree Survey: Midlife Retirement 'Crisis' or a 10-Year Opportunity?
Business Wire (Mon, 24-Jun 7:00 AM ET)
PGIM expands ETF lineup to include two laddered funds of buffer ETFs
Business Wire (Thu, 13-Jun 9:00 AM ET)
Business Wire (Wed, 5-Jun 8:15 AM ET)
PGIM Closed End Funds Declare Distributions for June, July and August 2024
Business Wire (Fri, 31-May 4:15 PM ET)
Business Wire (Tue, 21-May 9:00 AM ET)
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 July 1, 2024, PRU stock price climbed to $117.53 with 969,046 million shares trading.
PRU has a beta of 0.71, meaning it tends to be less sensitive to market movements. PRU has a correlation of 0.22 to the broad based SPY ETF.
PRU has a market cap of $42.22 billion. This is considered a Large Cap stock.
Last quarter Prudential Financial reported $22 billion in Revenue and $3.12 earnings per share. This beat revenue expectation by $7 billion and missed earnings estimates by -$.01.
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): RAYD, VTI, VOO, VO, SPY.
PRU has outperformed the market in the last year with a price return of +39.0% while the SPY ETF gained +24.6%. However, in the short term, PRU had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.2% vs +4.8% return in SPY. But in the last 2 weeks, PRU shares have fared better than the market returning +2.6% compared to SPY 0.0%.
PRU support price is $115.91 and resistance is $118.47 (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.