Prudential Financial Announces Retirement of Michael Lillard and Succession of John Vibert in 2024
January 12, 2023
Trending News ☀️
Prudential Financial Intrinsic Value – Prudential Financial ($NYSE:PRU) is a financial services leader with operations in the U.S., Asia, Europe and Latin America. The announcement that Michael Lillard will retire in 2024 was met with appreciation from Prudential Financial’s board of directors, who praised his expertise, leadership and dedication to the company over the past decade.
Lillard’s tenure with Prudential Financial includes many accomplishments such as leading PGIM Fixed Income’s expansion into international markets, launching new investment strategies and products and increasing assets under management. His experience in securitized products and his track record of success make him well-suited to lead PGIM Fixed Income into the future.
Share Price
On Wednesday, Prudential Financial announced the retirement of Michael Lillard in 2024 and the succession of John Vibert as the company’s new President and Chief Executive Officer. The news saw PRUDENTIAL FINANCIAL stock open at $99.1 and close at $100.0, up by 0.7% from its previous closing price of 99.4. His leadership has expanded Prudential Financial’s international presence through investments in Asia, Europe and Latin America, as well as developing new products and services for the company’s customers. He has deep knowledge of the company’s operations, global markets and customer base, which makes him an ideal candidate to take over as President and CEO of Prudential Financial in 2024.
Prudential Financial is confident that this succession plan will ensure continuity and stability in their management, enabling the company to continue to provide its customers with long-term financial security and peace of mind. With this announcement, Prudential Financial is taking a proactive step to ensure that its customers have a secure and successful future. 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 |
| 60.29k | 293 | 12.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Prudential Financial. More…
| Operations | Investing | Financing |
| 10.25k | -5.34k | -3.01k |
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 |
| 677.76k | 660.58k | 44.71 |
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 |
| -2.0% | – | 17.7% |
| FCF Margin | ROE | ROA |
| 17.0% | 10.5% | 0.7% |
VI Analysis – Prudential Financial Intrinsic Value Calculator
This can be made easy by using the VI app. According to the app, the intrinsic value of Prudential Financial’s shares is currently estimated to be around $94.2. However, the stock is currently trading at a price of $100.0, which is overvalued by 6%. This means that investors are paying more than what the stock is actually worth. Furthermore, this overvaluation indicates that investors are expecting future growth from the company. Investors should exercise caution when deciding to invest in Prudential Financial, as the stock may not be a sound investment if it does not live up to its current expectations. Additionally, investors should research other potential investments and compare them to Prudential Financial to ensure they are getting the best value for their money. By taking the time to analyze the company’s fundamentals, investors can make a more informed decision when investing in Prudential Financial. More…
VI Peers
Prudential Financial Inc is one of the leading providers of financial services in the United States. The company offers a wide range of products and services, including life insurance, annuities, retirement services, and investment management. Prudential Financial Inc has a strong presence in the life insurance market, with a market share of 10.8%. The company’s main competitors in the life insurance market are Genworth Financial Inc, Kansas City Life Insurance Co, and Citizens Inc.
– Genworth Financial Inc ($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
Prudential Financial, a leading provider of retirement and investment products, has announced that Michael Lillard will retire in 2024 and John Vibert will take over. Prudential Financial offers a variety of investments, including stocks, bonds, mutual funds, annuities, life insurance, and other financial products. The company is committed to helping investors achieve long-term financial success through diversification, risk management, and asset allocation. Prudential Financial also provides expert advice and tools to help customers reach their financial goals.
Prudential Financial’s retirement plan options enable customers to plan for a secure future and provide a range of benefits and features to help them save for retirement. Prudential Financial is committed to providing quality service and innovative products that help customers achieve their financial goals.
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