Prudential Financial Inc
PRU: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$993.00 | Nqxg | Zwzvzzf |
Higher Variable Investment Income Boosts Results for Prudential but Likely to Revert
No-moat rated Prudential reported a solid quarter with adjusted operating EPS of $3.78, well above the FactSet consensus of $2.76 as variable investment income was elevated. Fee income was also generally solid, but underwriting trends were generally negative. Overall, there was little that would alter our long-term view of the firm, and we will maintain our fair value estimate of $89.