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Prudential Financial Inc PRU

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Solid Quarter for Prudential, but Momentum Likely to Slow

Rajiv Bhatia, CFA Equity Analyst

Analyst Note

| Rajiv Bhatia, CFA |

Prudential Financial reported solid second-quarter financial results with adjusted earnings per share of $3.79, which compares to the FactSet consensus of $3.11 and management's baseline outlook of $2.89. Looking ahead, Prudential expects a baseline third-quarter 2021 EPS of $2.59, which compares with the FactSet consensus of $2.93 and has headwinds of higher nonrecurring expenses and higher coronavirus claims relative to the second quarter. We will maintain our no-moat rating and fair value estimate of $89.

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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 Jun 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type High Yield
Employees 41,671

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