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Prudential Financial Inc PRU

Rating as of

Morningstar’s Analysis

Valuation
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Prudential Reports Strong Headline Beat, but Segment Results Were Mixed

Rajiv Bhatia Equity Analyst

Analyst Note

| Rajiv Bhatia |

No-moat rated Prudential reported adjusted earnings per share of $2.93, beating the FactSet consensus of $2.50 and management’s baseline outlook of $2.48. We’d attribute the beat to strong variable investment income and PGIM results. That said, Prudential expects variable investment income to normalize in the first quarter, and as a result its first-quarter 2021 baseline earnings expectation is $2.54. Overall, there was little in Prudential’s earnings release that would alter our long-term view of the firm, and we don’t expect a large change to our fair value estimate of $78.

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Company Profile

Business Description

Prudential Financial is a large, diversified insurance company offering annuities, life insurance, retirement plan services, and asset management products. While it operates in a number of countries, the vast majority of revenue is generated in the United States and Japan. Prudential is the second-largest life insurance company in the U.S.

Contact
751 Broad Street, 23rd Floor
Newark, NJ, 07102
T +1 973 802-6000
Sector Financial Services
Industry Insurance - Life
Most Recent Earnings Dec 31, 2020
Fiscal Year End Dec 31, 2020
Stock Type Distressed
Employees 41,671

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