(NYSE:PRU) Prudential Financial Inc Dips To New 52 Week Low

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Shipwreck freeimages.com/Roger Buser

Prudential Financial Inc (NYSE:PRU)

December 5th, 2018
Amidst falling markets Prudential Financial Inc finished Tuesday’s trading session down 5.39%, a $5.08 decrease to close on $89.18. As well as the drop in value, Prudential Financial Inc hit a new 52 week low of $88.48, breaking the previous low of $89.10 from earlier this October.

PRU was outperformed by the rest of the Financials sector which went down just 4.40%.
Prudential Financial Inc is listed on the S&P 500 index, and was one of 466 stocks that slumped today. Weighted by market cap, PRU represents about 0.13% of the S&P 500.

Results from 15 analysts indicates that Prudential Financial Inc might go up significantly (26%), while Finbox has calculated (with high uncertainty) a fair value price of $124.67.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector declining 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary both saw turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

Prudential Financial is based in Newark, United States of America. It was founded by John Fairfield Dryden in 1875.

Prudential Financial Inc Info

Prudential Financial, Inc., through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions. The U.S. Individual Solutions division offers individual variable and fixed annuity products to the mass affluent and affluent markets. It also provides universal, term, variable, and other life insurance products to the mass middle, mass affluent, and affluent markets. The U.S. Workplace Solutions division provides recordkeeping, plan administration, actuarial advisory, tailored participant education and communication, trustee, institutional and retail investment, and brokerage services, as well as institutional investment products to the payout annuity and stable value markets. It also provides group life; long-term and short-term group disability; and group corporate-, bank-, and trust-owned life insurance to institutional clients for employee plans and affinity groups, as well as accidental death, dismemberment, other ancillary coverage, and plan administrative services. The Investment Management division offers asset management services, such as institutional portfolio and retail funds management, private lending and asset securitization, and other structured products for public and private fixed income, public equity, and real estate, as well as commercial mortgage origination and servicing, mutual funds, and other retail services. The International Insurance division provides individual and group life insurance, retirement, and related products, as well as reinsurance products. The company offers its products and services to individual and institutional customers through its proprietary and third-party distribution networks. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.

All amounts in USD unless otherwise indicated
PRU daily update

PRU daily update
PRU daily update

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