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Top Insurance Company Stocks to Buy in 2019This summary was created by AI, based on 4 opinions in the last 12 months.
Prudential Financial Inc (PRU-N) is an Asian pure-play in insurance with operations in the United States, Asia, Europe, and Latin America. Despite the overall Asian market being down last year, PRU achieved all their growth goals and is well-positioned to benefit from long-term secular trends in Asia. With a diverse and talented workforce and a strong brand symbolizing strength and stability, PRU continues to create financial opportunities for more people. Social media mentions are up 200% in the past 24 hours, indicating growing attention and potential interest in the stock.
Pays a 5% dividend and was upgraded today, and yet it's up only 3% this year.
Is shying away from all financials for now, until the banking crisis ends. This looks compelling though. This could go lower.
US Lifeco vs Financials PRU-N is at risk to interest rates on their premiums collected as he thinks yields will remain neutral. He is not keen on BAC-N either at this point for the same views of the yield curve. Things can't get any better for each right now -- a no man's land right now. He sees a bit better bid for Lifecos, but mostly from a defensive position. There are more compelling areas than these two spaces.
BAC vs. PRUDENTIAL If both benefit from wider rates, the spreads will widen for U.S. banks, which have been
pulling back. BAC has A 10% market share in the U.S. which is as big as the entire Canadian banking system. BAC has lot of exposure to the plain mortgage side where spreads should expand. Be patient and you'll see earnings and dividends. U.S. lifecos should benefit, too, but so will Canadian ones like MFC-T (which is a good entry point now). He prefers American banks over their lifecos.
BAC-N vs. PRU-N. He leans more toward the banks. You are taking on yield curve and interest rate risk with the banks, however. BAC-N is his preference.
Prudential Financial Inc is a American stock, trading under the symbol PRU-N on the New York Stock Exchange (PRU). It is usually referred to as NYSE:PRU or PRU-N
In the last year, 3 stock analysts published opinions about PRU-N. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Prudential Financial Inc.
Prudential Financial Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Prudential Financial Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Prudential Financial Inc In the last year. It is a trending stock that is worth watching.
On 2024-03-18, Prudential Financial Inc (PRU-N) stock closed at a price of $113.08.
An Asian pure-play in insurance. The overall Asian market was down last year. They achieved all their growth goals in the past year, though. They will benefit from long-term secular trends in Asia. He expects good penetration rates in China where the middle is growing, so PRU is well-positioned. Today, he heard that Sun-Life is taking a trip to China to learn about that market.