Company Overview - Prudential (PRU) is headquartered in Newark and operates in the Finance sector [2] - The stock has experienced a price change of 5.03% since the beginning of the year [2] Dividend Information - Prudential currently pays a dividend of $1.3 per share, resulting in a dividend yield of 4.77%, which is significantly higher than the Insurance - Multi line industry's yield of 2.02% and the S&P 500's yield of 1.57% [2] - The company's annualized dividend of $5.20 has increased by 4% from the previous year [2] - Prudential has raised its dividend five times over the last five years, averaging an annual increase of 5.27% [2] - The current payout ratio is 43%, indicating that Prudential pays out 43% of its trailing 12-month EPS as dividends [2] Earnings Growth - The Zacks Consensus Estimate for Prudential's earnings in 2024 is $13.48 per share, reflecting an expected increase of 16.01% from the previous year [3] Investment Considerations - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [4] - High-yielding stocks may face challenges during periods of rising interest rates, but Prudential is considered a compelling investment opportunity due to its strong dividend profile [4] - Prudential currently holds a Zacks Rank of 3 (Hold) [4]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 001-16707 ____________________________________________ Prudential Financial, Inc. (Exac ...

Company Overview - Prudential (PRU) is headquartered in Newark and operates in the Finance sector [2] - The stock has experienced a price change of 3.44% since the beginning of the year [2] Dividend Information - Prudential currently pays a dividend of $2.55 per share, resulting in a dividend yield of 4.85% [2] - The Insurance - Multi line industry's average yield is 2.08%, while the S&P 500's yield is 1.62% [2] - The annualized dividend of $5.20 has increased by 4% from the previous year [2] - Prudential has raised its dividend 5 times over the last 5 years, with an average annual increase of 5.27% [2] - The current payout ratio is 43%, indicating that Prudential paid out 43% of its trailing 12-month EPS as dividends [2] Earnings Growth - For the fiscal year 2024, the Zacks Consensus Estimate for Prudential's earnings is $13.45 per share, reflecting a year-over-year growth rate of 15.75% [3] Investment Considerations - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [4] - High-growth firms or tech start-ups typically do not offer dividends, while established companies are often seen as better dividend options [4] - Prudential is considered a compelling investment opportunity due to its strong dividend profile and current Zacks Rank of 3 (Hold) [4]

Core Viewpoint - Prudential Financial, Inc. will redeem all of its $500 million outstanding 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044 on March 15, 2024, at a redemption price of 100% of the principal amount plus accrued interest [1] Group 1 - The total principal amount of the Notes being redeemed is $500 million [1] - The redemption will occur on March 15, 2024, at a price equal to 100% of the principal amount [1] - A notice of redemption is being sent to all registered holders of the Notes by The Bank of New York Mellon [1] Group 2 - Prudential Financial, Inc. is a global financial services leader with approximately $1.4 trillion in assets under management as of December 31, 2023 [3] - The company operates in the United States, Asia, Europe, and Latin America [3] - Prudential has a history of nearly 150 years, symbolized by its iconic Rock symbol representing strength, stability, expertise, and innovation [3]

Core Viewpoint - The recent increase in Prudential Financial, Inc.'s dividend signals confidence in the company's future, with a 4% increase to $1.30 per share, reflecting a strong performance compared to the S&P 500 index [2][4]. Financial Performance - Prudential's Q4 2023 after-tax adjusted operating income per share rose by 3.6% year-over-year to $2.58, despite missing analyst consensus by $0.09 [7]. - The U.S. Businesses segment showed significant growth, with adjusted operating income soaring 39.2% year-over-year to $988 million, driven by improved investment spreads and cost discipline [7]. - The company's total assets under management in the Prudential Global Investment Management segment grew by 6% to $1.3 trillion, although adjusted operating income fell by 25.2% to $178 million due to higher expenses [8]. Dividend and Payout Ratios - Prudential's current dividend yield stands at 4.9%, which is above the 4.2% yield of 10-year U.S. treasury notes, indicating a strong income potential for shareholders [3]. - The company's EPS payout ratio is 39%, below the preferred 50% by rating agencies, suggesting room for future dividend increases [4]. Growth Projections - Analysts forecast a 17% growth in after-tax adjusted operating income per share for 2024, reaching $13.54, with continued growth expected in subsequent years [9]. - Prudential's share repurchase plan for 2024 could retire up to 2.6% of shares, contributing positively to earnings per share [9]. Valuation - Based on historical dividend yields and P/E ratios, Prudential's fair value is estimated at $114 per share, indicating that the current share price of $107 suggests a 6% undervaluation [4]. Strategic Initiatives - The company is expanding its product distribution in Latin America through a partnership with MercadoLibre, aiming to increase active policies [10]. - Prudential has launched new inheritance and investment products in Japan to address customer needs, which are expected to drive growth [10]. Balance Sheet Strength - As of December 31, Prudential had $4.1 billion in liquidity, comfortably within its target range, positioning the company well to handle potential economic downturns [11].

Coeur d'Alene student will receive a $5,000 award and an invitation to the 2024 summit for her work addressing the challenges of a changing world. NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Adeline Smith, 17, of Coeur d'Alene, today was named a 2024 Prudential Emerging Visionary for her inspiring commitment to improving the lives of others. As one of 25 Prudential Emerging Visionary winners, Adeline will receive a $5,000 award to help take her innovation to the next level. She is also invited on an all-exp ...

Nolanville and Houston students will receive $5,000 awards and invitations to the 2024 summit for their work addressing the challenges of a changing world. NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Donte Jennings, 17, of Nolanville, and Saheb Nibber, 17, of Houston, today were each named a 2024 Prudential Emerging Visionary for their inspiring commitment to improving the lives of others. As two of 25 Prudential Emerging Visionary winners, Donte and Saheb will each receive a $5,000 award to help take their ...

Company Performance - Prudential (PRU) has returned 4.7% year-to-date, outperforming the average gain of 0.9% in the Finance sector [2] - The Zacks Consensus Estimate for Prudential's full-year earnings has increased by 2%, indicating improving analyst sentiment [2] - Prudential is currently ranked 2 (Buy) in the Zacks Rank system, which emphasizes earnings estimates and revisions [1][2] Industry Comparison - Prudential is part of the Insurance - Multi line industry, which has gained an average of 2.4% this year, indicating that PRU is performing better than its industry peers [2] - In contrast, the Securities and Exchanges industry, which includes CBOE Global, has seen a decline of 5.3% since the beginning of the year [3] - CBOE Global has returned 3.1% year-to-date and also holds a Zacks Rank of 2 (Buy) [2][3]

Company Overview - Prudential Financial (PRU) currently has a Zacks Rank of 2 (Buy) and an A for Value [2] - The stock has a P/E ratio of 7.70, compared to the industry average P/E of 7.96 [2] - Over the past year, PRU's Forward P/E has fluctuated between a high of 8.93 and a low of 6.27, with a median of 7.36 [2] Valuation Metrics - PRU's P/B ratio stands at 1.39, which is attractive compared to the industry's average P/B of 2.63 [2] - The P/B ratio for PRU has ranged from a high of 2.26 to a low of 0.88 over the past 12 months, with a median of 1.22 [2] - The P/S ratio for PRU is 0.77, while the industry's average P/S is 0.98 [3] Investment Potential - The data suggests that Prudential Financial is likely undervalued at present [3] - Considering the strength of its earnings outlook, PRU is highlighted as one of the market's strongest value stocks [3]

Prudential Financial, Inc. (NYSE:PRU) Q4 2023 Earnings Conference Call February 7, 2024 11:00 AM ET Company Participants Robert McLaughlin - IR Charles Lowrey - Chairman, CEO and President Robert Falzon - Executive Vice Chairman Kenneth Tanji - EVP and CFO Andrew Sullivan - EVP and Head, International Businesses and PGIM Caroline Feeney - EVP and Head, US Businesses Conference Call Participants Tom Gallagher - Evercore ISI Ryan Krueger - KBW Alex Scott - Goldman Sachs Elyse Greenspan - Wells Fargo Suneet Ka ...