Prudential

M&G Investmets Is an investment manager in the UK and overseas. Current chief investment officer of M&G Investments is Anne Richards. It is an autonomous business within the Prudential Group, running its own retail and institutional funds operation and functioning as the asset manager for Prudential in Europe. Currently M&G is the official sponsor of the RHS Chelsea Flower Show. M&G invests in and manages a wide range of assets including Equities, Fixed Income and Property. M&G also manages more esoteric assets within the private finance arena such as Structured Products (including CDOs), Leveraged Finance, Project and Infrastructure Finance.

M&G Investments

Jackson National Life is a U.S. company that offers annuities for retail investors and fixed income products for institutional investors. Jackson subsidiaries and affiliates provide specialized asset management and retail brokerage services. Jackson is a subsidiary of the British insurer, Prudential plc, which acquired the company for $608 million in 1986. That company is unrelated to the American insurance conglomerate, Prudential Financial.

Jackson National Life

Prudential Plc is a holding company, which engages in the provision of insurance and financial services. It operates through the following geographical segments: CPL, Hong Kong, Indonesia, Malaysia, Singapore, Growth Markets and Other, and Eastspring. The company was founded on May 30, 1848 and is headquartered in London, the United Kingdom.

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.

Should Value Investors Buy Prudential (PUK) Stock?

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: Becoming Bullish On Results And Appealing Shareholder Yield (Upgrade)

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 PLC (PUK) Stock Price Up 3.63% on Oct 2

Prudential PLC (LSE:PRU)(Prudential PLC (LSE:PRU)) was Footsie's top riser as news of a partnership in Indonesia helped fuel further gains after this week's economic pledges from China. The life insurer climbed 3% early on, having announced a deal with the country's sixth-largest lender which will see the FTSE 100 firm provide products through Bank Syariah Indonesia.

Prudential expands in Indonesia with BSI bancassurance deal

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 Plc (PUK) Q2 2024 Earnings Call Transcript (Q&A)

Prudential plc (NYSE:PUK ) Q2 2024 Earnings Conference Call August 28, 2024 1:00 AM ET Company Participants Anil Wadhwani - Chief Executive Officer Ben Bulmer - Chief Financial Officer Anil Wadhwani Hello, I'm Anil Wadhwani, CEO of Prudential, and I'm delighted to give you an update on our First Half 2024 Results and the progress on the execution of our strategy announced 12 months ago. We are building momentum while addressing known challenges and identifying areas for continued improvement.

Prudential plc (PUK) Q2 2024 Earnings Call Transcript

As widely trailed over the weekend, Prudential PLC (LSE:PRU) has announced a $2 billion share-repurchase programme, beginning with a $700 million tranche. The life and health insurer, based in London and Hong Kong, aims to complete the buyback by mid-2026.

Prudential confirms widely trailed $2bn buyback

Prudential PLC announced a $2 billion share-repurchase program Sunday, starting with a $700 million tranche.

Multinational insurer Prudential PLC announces $2 billion stock buyback

Prudential plc has delivered positive operating performance, with APE sales up 37% YoY and new business profits up 45% YoY in 2023. The company's strong growth was driven by operations in Hong Kong, with improved margins and net income, while China saw a drop in new business profits. Prudential's valuation is currently at 1.38x book value, lower than its historical average, making it an attractive growth play in the insurance sector.

Prudential: A Mispriced Growth Play In The Insurance Sector

JP Morgan anticipates Prudential PLC (LSE:PRU) will significantly increase its capital returns to shareholders from 2025. Despite robust growth in new business value and promising free cash-flow prospects, the insurance giant continues to trade at discounted valuations — approximately 0.55 times its expected enterprise value and about 0.7 times its comprehensive equity for 2024.

Prudential may ramp up its capital returns to shed discount status, says leading US investment bank

Prudential PLC's (LSE:PRU) first-quarter results disappointed investors who had expected a share buyback to be announced, though directors gave strong hints that this remains in their plans for later in the year.  The FTSE 100-listed insurer, which has a major focus on Asia, reported an 11% rise in new business profit to US$810 million, excluding economic impacts.

Prudential falls on lack of buyback

Prudential needs to reassure with its quarterly update on 30 April after a near 35% drop in its share price over the past year. Property and economic problems in key growth drivers of China and Hong Kong are likely the reason and the update might reveal a slowdown in new business premium growth (NBP) to around 10%, according to Goldman Sachs.

Prudential's momentum key to next week's update suggests Goldman

Prudential plc (PUK) H2 2023 Earnings Call Transcript

Shares in financial services business Prudential fell on Wednesday after an underwhelmed response from the market to forecast-beating trading numbers.

Prudential Shares Dip Almost 5% Despite “Knockout” 2023 Results

British insurance multinational Prudential plc delivered a strong set of annual results this Wednesday, with new business profit increasing 45% to $3.1 billion. The results were guided by strong performances in Asia and Africa, where Prudential has a substantial footprint.

Prudential profits bolstered by Africa and Asia performance

Prudential PLC's adjusted operating profit rose in 2023, beating analysts' consensus forecast amid lower central costs and higher earnings from Eastspring, its asset management business.

Prudential Reports Higher Adjusted Operating Profit

Prudential (PUK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Prudential (PUK) a New Buy Stock

Prudential PLC (LSE:PRU) will delve into final results on Wednesday, March 20, after shares in the insurer have been pressured by slow post-pandemic economic recovery in China. Indeed, a range of spin-offs and demergers in recent years has left Prudential “a play on demand for financial services in Asia and Africa,” according to AJ Bell's Russ Mould.

Prudential growth plans in view as results due

Shares in Prudential PLC have been boosted by reports that a Chinese stimulus is on the cards to support the flagging economy. Bloomberg reported that authorities in China are considering taking steps to stabilize the slumping Chinese stock market.

Prudential boosted by China stimulus talk; JPMorgan support

In terms of dividend yield, there was a clear gap between the portfolio's yield and the All-Share's yield throughout 2023 and by the end of the year, the portfolio had a dividend yield of exactly 5% compared to the FTSE All-Share's yield of 3.8%.

U.K. Dividend Stocks Portfolio: 2023 Year-End Review

Everest Group Ltd

Investors interested in Insurance - Multi line stocks are likely familiar with Everest Group (EG) and Prudential (PUK). But which of these two stocks offers value investors a better bang for their buck right now?

EG or PUK: Which Is the Better Value Stock Right Now?

Prudential stock has been punished all year for its greater China exposure. The ex-China business is, however, still growing strongly, while Hong Kong has continued to defy expectations. At the current low-teens earnings multiple, I think Prudential should quite easily grow into its valuation over time.

Prudential: Very Reasonably Priced Play On Asian Growth

Investors with an interest in Insurance - Multi line stocks have likely encountered both Ageas SA (AGESY) and Prudential (PUK). But which of these two companies is the best option for those looking for undervalued stocks?

AGESY vs. PUK: Which Stock Is the Better Value Option?

Prudential has strong operating momentum and growth prospects, particularly in Asia. The company reported good sales and earnings growth in 9M 2023, driven by strong consumer demand in China and other Asian countries. Prudential's current valuation is attractive compared to its history and peers, making it an interesting growth play in the European insurance sector.

Prudential: Attractive Valuation And Strong Growth Prospects

Investors interested in Insurance - Multi line stocks are likely familiar with Ageas SA (AGESY) and Prudential (PUK). But which of these two stocks is more attractive to value investors?

News for Prudential Stock (PUK)