Prudential Financial, Inc. (PRU) is well-poised to gain on the back of growing pension risk transfer (PRT) market, higher emerging markets earnings, expanding distribution, product offerings, improved spread income, strategic acquisitions and a solid financial position.Zacks Rank & Price PerformancePrudential Financial currently carries a Zacks Rank #3 (Hold). Over the past year, the stock has risen 33.6% compared with the industry’s growth of 21.5%.Image Source: Zacks Investment ResearchReturn on Equity (R ...

Prudential Financial Inc. (PRU) recently announced that it has been selected for a pension risk transfer (PRT) transaction from Verizon Communications Inc., along with Reinsurance Group of America, Incorporated (RGA) . Under this agreement, the companies will settle $5.9 billion of pension liabilities and secure 56,000 Verizon retirees and their beneficiaries who started their benefits prior to Jan 1, 2023.This move bodes well for Prudential’s Retirement Strategies business, whose market is expected to grow ...

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) and Reinsurance Group of America, Incorporated (NYSE: RGA) have been selected in a pension risk transfer involving Verizon Communications Inc. The transaction will settle approximately $5.9 billion of Verizon pension liabilities and will provide retirement security for a population that includes 56,000 Verizon retirees and their beneficiaries who commenced their benefits before Jan. 1, 2023. Prudential and RGA will each irrevocably gua ...

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].

Group 1 - The Prudential Emerging Visionaries program recognizes young individuals aged 14-18 who provide innovative solutions to financial and societal challenges in their communities [2][5] - Adeline Smith, a 17-year-old from Coeur d'Alene, was awarded a $5,000 prize and an invitation to the 2024 summit for her project "Growing the STEM," which aims to enhance STEM education in underserved rural Idaho schools [1][3] - The summit will take place from April 20-23, 2024, where five winners will pitch their solutions, with a grand prize of an additional $10,000 for the best project [2] Group 2 - "Growing the STEM" has successfully implemented over 40 STEM-based programs across 14 Idaho schools, benefiting more than 800 students and involving over 100 peer mentors annually [4] - The program is a continuation of Prudential's Spirit of Community Awards, which recognized over 150,000 youth volunteers in its 26-year history [5] - Prudential collaborates with Ashoka, a leading organization in social entrepreneurship, to support the Emerging Visionaries initiative [4][6]

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 ...