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Prudential Financial, Inc. (PRU)
NYSE - Nasdaq Real Time Price. Currency in USD
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At close: 04:00PM EDT
928 reactions on $PRU conversation
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At nearly $20 per share earnings per year, at a price of about $103, I mean, where else can you find this kind of return with the kind of margin of safety that a company like this can provide?
Can someone explain this transformation to higher growth more nimble insurance company, it’s sounds sketchy, I’m here for consistent dividends
I just scrapped together an additional $5000 that I hadn’t had invested and bought more of this stuff. I cannot believe it is under $100 a share. This is an absolute crazy bargain.￼ wish I had more to throw in it!￼
Some bad news and good news on this Q1 ER
Q1 Non-GAAP EPS of $3.17 beats by $0.49
Book value per Common share of $115.28 versus $145.05 per share for the year-ago quarter (adjusted book value per Common share of $107.16 versus $100.49 per share for the year-ago quarter).
Assets under management of $1.620 trillion versus $1.663 trillion for the year-ago quarter.
Why on earth are people selling this morning. I see it is only a super small volume, but PRU is ripe for this very environment....rates being raised. That is a catalyst for insurance company stocks. Stay in - don't lose your money over this. FPE is very low. That also makes this stock in favor along with an exception dividend above 4%. And don't forget about the dividend increase they announced and stock buy backs. I just can't see why anyone would sell PRU. I'm long.
My favorite slide from this mornings earnings presentation:
"Robust Capital Position Supports Increased Shareholder Distributions"
PRU continues to print $ quarter after quarter. Looking forward to the call.
Hmmmm…is it me or are they answering every Q with “Yeah, we’re not making any progress”? How can they not accomplish any admin savings…any respectable cost controller would have 100 savings ideas.
What caused the 31 million loss?
It’s going to be a long slog for life insurance companies. LOTS of extra death benefits being paid out.
buying today get entry
PRU makes $14, has great prospects/buybacks/liquidity, and trades at $116. ABBV makes $14, has a big drug coming off patent, and has no real near-term prospects I can identify. ABBV was very good to me but it now trades $60 higher than PRU. I am rotating my ABBV into PRU, will be completed this week. Any cautions or encouragement?
Great day to buy, not to sell.
someone translate the report why is this dropping
Piper Sandler raises the PT on PRU to 125 dollars from 118 dollars.
Some highlights from CEO Lowerys recent comments:
- That refocus is set to free up $5 billion to $10 billion in capital the company plans to either return to shareholders or plow back into its businesses in emerging markets and PGIM, which had $1.52 trillion in assets under management at the end of last year.
- Prudential also expects to benefit as inflation ushers in higher interest rates, Lowrey said. “For insurance companies, given the size of our general account, higher interest rates is a good thing, because we are constantly reinvesting in fixed income.
- The company has “de minimis” exposure to the region, with no operations in Belarus, Ukraine or Russia.
Nice looking chart. Will it break out here?
Stock should be 160 imo.
Market is crazy now, but always have a little dry powder, it was absolutely insane 03-2020, once momentum goes a certain direction it can go way too far
Why can't this stock hold price?
This isn't good Zack has a rating sell. Pru has a class action lawsuit against them thats why it's been falling. Makes no sense extremely low p/e ratio. They raised dividends again. I'm gonna hold but it's not looking good from what I read.
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