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Stock Update: Prudential Financial Inc (NYSE:PRU) – Prudential Group Insurance names Chuck Brousseau to lead sales and account management

[Business Wire] – Chuck Brousseau has been named as the new head of Distribution for Prudential Group Insurance, a business of Prudential Financial, Inc. . Read more on this. Prudential Financial, Inc. (PRU) , with a current market cap of $34.97B, started trading this morning at $80.00. A quick look at the market, the company’s stock traded between $79.10 and $80.00 and has traded between $57.19 and $92.60 over the past 12 months. PRU shares are currently priced at 8.27x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.57x forward p/e ratio. The company pays shareholders $2.80 per share annually in dividends, yielding 3.52%. According to a consensus of 16 analysts, the earnings estimate of $2.51 per share would be $0.40 worse than the year-ago quarter and a $0.03 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $9.62, which would be a $0.42 setback when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $11.58 Billion. If realized, that would be a 7.36% decrease over the year-ago quarter. Recently, BofA/Merrill downgraded PRU from Buy to Neutral (Jan 20, 2016). Previously, Deutsche Bank upgraded PRU from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $85.27, which is 6.59% above where the stock opened this morning. See more in (NYSE:PRU) Similar Articles: Company Update: Prudential Financial Inc (NYSE:PRU) – Prudential Retirement to offer Student Loan Genius’ 401(k) feature to clients Market Update: Prudential Financial Inc (NYSE:PRU) – PGIM Completes Acquisition of Deutsche Bank’s Asset Management Business in India Company Update: Prudential Financial Inc (NYSE:PRU) – Prudential Financial receives regulatory approval for proposed acquisition of indirect ownership interest in Administradora de Fondos de Pensiones Habitat S.A. in Chile
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