2024-04-04 05:55:47 ET
Summary
- Prudential Financial's total return has surpassed the S&P 500, with a price increase of 26% and a high dividend yield pushing total return near 30%.
- The company's financials show growth in business segments, with increased earnings per share and revenue from US-based, international, and asset management operations.
- The stock is considered undervalued, with a fair price target of $130 per share, representing a potential upside of 12%.
- The approval of a $1B share repurchase agreement should further boost the price momentum of PRU.
Overview
The last time I covered Prudential Financial ( PRU ) was in August of 2023 and since then the total return has surpassed the S&P 500 ( SPY ). The price has moved upwards of 26% and the high dividend yield has pushed the total return near 30% since then. I thought it would be a good time to revisit and reassess whether or not PRU remains a Buy after the price run....
Read the full article on Seeking Alpha
For further details see:
Prudential: Strong Fundamentals And High Dividend Yield