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 ...

Prudential Financial, Inc. (PRU) reported fourth-quarter 2023 adjusted operating income of $2.58 per share, which missed the Zacks Consensus Estimate by 3.3%. However, the bottom line rose 3.6% year over year.Total revenues of $13 billion increased 6.7% year over year. The increase in revenues was due to higher premiums and net investment income. However, it missed the Zacks Consensus Estimate by 0.3%.Prudential's fourth-quarter results reflect improved expenses, less favorable underwriting results, net out ...

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Core Insights - Prudential Financial, Inc. has completed a pension risk transfer transaction with Shell USA, Inc. for $4.9 billion, covering approximately 21,500 U.S. retirees [1] - The transaction will make Prudential responsible for pension benefit payments starting May 15, 2024 [1] - Prudential has now executed seven of the ten largest U.S. pension risk transfers, showcasing its expertise in structuring custom transactions [1] Company Overview - Prudential Financial, Inc. is a global financial services leader with around $1.4 trillion in assets under management as of December 31, 2023 [3] - The company has a long history of innovation in the pension risk transfer market, having pioneered significant transactions since 2012 [2] - Prudential's Retirement Strategies team provides solutions for over 2 million individual and institutional customers, focusing on retirement security [4]

NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) announced today that Mike Estep, head of product for Group Insurance, will succeed Yanela Frias as president of its Group Insurance business following Frias’ appointment as Prudential’s CFO. The change is effective March 15, 2024. Estep will report to Caroline Feeney, head of Prudential’s U.S. Businesses. “Mike’s leadership has been instrumental in developing a long-term vision for our product strategy and driving business growth.” sai ...

Prudential (PRU) reported $13.02 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.9%. EPS of $2.58 for the same period compares to $2.42 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $13.07 billion, representing a surprise of -0.35%. The company delivered an EPS surprise of -3.37%, with the consensus EPS estimate being $2.67.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Core Viewpoint - Prudential's quarterly earnings of $2.58 per share missed the Zacks Consensus Estimate of $2.67 per share, representing an earnings surprise of -3.37% [1] - The company reported revenues of $13.02 billion, slightly below the consensus estimate, but up from $12.65 billion a year ago [1] Financial Performance - Earnings per share (EPS) for the quarter was $2.58, compared to $2.42 a year ago [1] - The company has surpassed consensus EPS estimates only once in the last four quarters [1] - Revenues for the quarter were $13.02 billion, missing the Zacks Consensus Estimate by 0.35% [1] - Prudential's shares have declined approximately 0.9% year-to-date, while the S&P 500 has gained 3.6% [2] Future Outlook - The earnings outlook for Prudential is currently favorable, with a Zacks Rank of 2 (Buy), indicating expected outperformance in the near future [4] - The current consensus EPS estimate for the upcoming quarter is $3.29, with projected revenues of $13.76 billion [4] - For the current fiscal year, the consensus EPS estimate is $13.32 on revenues of $54.13 billion [4] Industry Context - The Insurance - Multi line industry is ranked in the top 42% of over 250 Zacks industries, suggesting a favorable environment for Prudential [5] - American International Group (AIG), a competitor in the same industry, is expected to report quarterly earnings of $1.59 per share, reflecting a year-over-year increase of 16.9% [5][6]

PGIM RetireWell Confidence Index: Using the Prudential financial wellness assessment, the current question used to estimate financial confidence asks respondents, “Overall, how are you feeling about your finances?” while the retirement confidence question asks, “Do you think you’ll have enough savings for the retirement you want?” The PGIM RetireWell Confidence Index is the average of the financial confidence score and the retirement confidence score. (Graphic: Business Wire)PGIM RetireWell Confidence Index ...