Huntington National Bank Sells Shares of Prudential Financial,
December 6, 2023
☀️Trending News
Prudential Financial ($NYSE:PRU), Inc. has recently become a hot topic of conversation as Huntington National Bank sold shares of the investment giant. Prudential Financial is widely known for its strong balance sheet, diverse portfolio of products and services, and its commitment to customer service. The company’s stock is also considered a safe haven for investors due to its strong dividend payments and steady growth. With its long history of success, it is no wonder investors have been drawn to this well-established giant.
Stock Price
On Friday, Huntington National Bank sold shares of Prudential Financial, Inc. (PRU), with the stock opening at $95.2 and closing at $95.7, up by 0.7% from its prior closing price of $95.1. This marks the fifth consecutive trading session in which the stock has gone up, indicating investor confidence in the company as well as a healthy outlook for its future. This news provides an opportunity for investors to gain exposure to Prudential Financial as they enter the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Prudential Financial. More…
| Total Revenues | Net Income | Net Margin |
| 54.89k | 1.3k | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Prudential Financial. More…
| Operations | Investing | Financing |
| 4.79k | -12.4k | 4.33k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Prudential Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 681.25k | 654.31k | 71.11 |
Key Ratios Snapshot
Some of the financial key ratios for Prudential Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.0% | – | -0.6% |
| FCF Margin | ROE | ROA |
| 8.7% | -0.5% | -0.0% |
Analysis
After conducting an analysis of PRUDENTIAL FINANCIAL, GoodWhale has identified that the company is classified as a ‘cow’ according to Star Chart. Companies of this type have a track record of paying out consistent and sustainable dividends. This makes them attractive to investors seeking income and capital preservation. GoodWhale has also assessed PRUDENTIAL FINANCIAL’s health score, which came in at 8/10. This indicates that the company is in a strong position financially and is capable of riding out any crisis without the risk of bankruptcy. Looking further into the financials, PRUDENTIAL FINANCIAL appears to be relatively strong in dividend payments but weak in asset, growth and profitability. Investors may look at these aspects when considering whether to invest in such a company. More…
Peers
Prudential Financial Inc is one of the leading providers of financial services in the United States. The company offers a wide range of products and services, including life insurance, annuities, retirement services, and investment management. Prudential Financial Inc has a strong presence in the life insurance market, with a market share of 10.8%. The company’s main competitors in the life insurance market are Genworth Financial Inc, Kansas City Life Insurance Co, and Citizens Inc.
– Genworth Financial Inc ($NYSE:GNW)
Genworth Financial is a Fortune 500 insurance holding company with headquarters in Richmond, Virginia. The company operates through three segments: Life and Long-Term Care Insurance, Mortgage Insurance, and Runoff. As of December 31, 2020, Genworth had $2.35 billion in total assets and $15.4 billion in total liabilities. The company has a market capitalization of $2.35 billion and a return on equity of 6.09%.
Genworth Financial offers a variety of insurance products, including life insurance, long-term care insurance, and mortgage insurance. The company also provides a range of services, such as asset management, investment banking, and risk management. Genworth Financial has operations in the United States, Canada, Australia, Europe, and Asia.
– Kansas City Life Insurance Co ($OTCPK:KCLI)
The company has a market cap of 288.08M as of 2022. The company provides life insurance and annuity products. It operates through the following segments: Individual Insurance, Group Insurance, Retirement Plans, and Investments. The Individual Insurance segment offers whole life, term life, and universal life insurance products. The Group Insurance segment provides group life and health insurance products. The Retirement Plans segment offers 401(k), pension, and annuity products. The Investments segment invests in equity and fixed income securities.
– Citizens Inc ($NYSE:CIA)
Citizens Inc. is a financial services company with a market cap of 134.91M as of 2022. The company offers a range of products and services including banking, insurance, investments, and retirement planning. Citizens Inc. has a strong focus on customer service and providing a high level of financial security for its clients.
Summary
Investing in Prudential Financial, Inc. shares has recently become more attractive to investors after Huntington National Bank sold off a portion of their stake. Prudential Financial, Inc. is well positioned to benefit from an expansive portfolio of financial services including insurance, retirement services, asset management and other wealth management products. The company’s comprehensive approach to financial services has propelled its performance and should continue to do so in the near future. Prudential Financial, Inc. offers a great opportunity for investors looking to diversify their portfolio and benefit from the company’s strong fundamentals.
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