Should Value Investors Buy Prudential (PUK) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Prudential: Becoming Bullish On Results And Appealing Shareholder Yield (Upgrade)
Prudential plc's recent performance was good, considering its Annual Premium Equivalent sales growth acceleration in Q3 2024 and its New Business Profit margin improvement for 9M 2024. The stock's potential shareholder yield is estimated to be an attractive high-single digit percentage, considering its share buyback progress. I have raised my rating for PUK to a Buy, as my target P/B multiple of 1.83 times implies that the stock has a capital appreciation potential of around +31%.
Prudential Financial Q3 Earnings Beat Estimates, Revenues Rise Y/Y
PRU's Q3 results reflect higher asset management fees, favorable underwriting and higher net investment spread results, partially offset by higher expenses.
Prudential Financial Q3 2024 Earnings Preview: Growth Prospects Are Limited
Prudential Financial is expected to report positive Q3 2024 performance, but growth prospects are limited and shares are not undervalued. Revenue growth driven by individual retirement sales and positive net flows in asset management, with expected revenues of $14.7 billion. Net income anticipated to be $1.2 billion, with a strong ROE of 14%, and a stable dividend yield of 4.1%.
Prudential Financial: A 4.2% Dividend Yield & Growth In Both Insurance & Retirement Products
Prudential Financial offers a yield above 4% which beats key peers, and two quarters of YoY growth in insurance and annuities sales is a positive. The firm is among the top 5 in life insurance and has a diversified business model across the scope of life insurance and retirement. The valuation presents a mixed picture as the stock is undervalued to key peers on forward P/E but overvalued on EV/EBITDA.
Prudential: A Carrier That Is Well-Positioned In The Insurance Market
With the onslaught of Hurricane Milton, investors can count on Prudential stock making out better than other insurers in the storm's wake.
Prudential PLC (PUK) Stock Price Up 3.63% on Oct 2
Shares of Prudential PLC (PUK, Financial) surged 3.63% in mid-day trading on Oct 2. The stock reached an intraday high of $19.29, before settling at $19.15, up from its previous close of $18.48.
Prudential Financial: H1 2024 Earnings Support Its Income Appeal
Prudential Financial, Inc. has shown solid operating performance in H1 2024, with strong sales growth and good cost control, but its shares are fairly valued. The company's growth prospects are limited, making it more attractive for income-oriented investors due to its 4.30% dividend yield and share repurchase program. Prudential's valuation is at a premium to its historical averages, trading at 1.5x book value and 8.5x earnings, reflecting limited re-rating potential.
Prudential Financial Lags Industry: Is the Stock a Hold or Fold?
Investors who already have PRU stock in their portfolio should retain it as this insurance behemoth is unlikely to disappoint.
Prudential Plc (PUK) Q2 2024 Earnings Call Transcript (Q&A)
Prudential Plc (NYSE:PUK ) Q2 2024 Earnings Conference Call (Q&A) August 28, 2024 4:30 AM ET Company Participants Patrick Bowes - Investor Relations Anil Wadhwani - Chief Executive Officer Ben Bulmer - Chief Financial Officer Lilian Ng - Managing Director of Strategic Business Group, China, Hong Kong & Taiwan Dennis Tan - Managing Director of Strategic Business Group Solmaz Altin - Managing Director of Strategic Business Group, India, Indonesia, Malaysia, Philippines, Laos, Myanmar, Cambodia & Africa Conference Call Participants Kailesh Mistry - HSBC Larissa van Deventer - Barclays Farooq Hanif - JPMorgan Andrew Crean - Autonomous Andrew Sinclair - Bank of America Michael Chang - CGS International Nasib Ahmed - UBS Thomas Wang - Goldman Sachs William Hawkins - KBW Operator Good morning, all, and welcome to the Prudential Half Year Results 2024 Live Q&A Session. My name is Adam and I will be your operator today.
Prudential, Hochschild, Nvidia and CrowdStrike set Wednesday's agenda
Prudential's update comes as shares sit at a 12-year low, with economic headwinds in China among key issues
Prudential: Solid Results Increase Likeliness Of Continued Dividend Raises
Prudential recently reported their Q2 earnings that reinforced solid segment growth in US and International markets. PRU has a dividend yield of about 4.5% and manages to maintain a high rate of dividend growth. The payout ratio remains healthy and can support future raises. There will soon be an influx of retirees from Gen Z. This can be an opportunity for PRU to continue growing their base assets under management and increase segment revenues.
