Prudential Financial Inc
PRU: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$543.00 | Vgfxq | Bdkrckplx |
Higher Rates Should Benefit Prudential, but Expect Choppy Business Trends
Business Strategy and Outlook
Prudential Financial, like other life insurers, is operationally leveraged to capital markets. Low interest rates, which have been an ongoing headwind in recent years, have become a greater headwind amid COVID-19. It’s unlikely that interest rates return to historical levels and thus we expect Prudential to continue to face this headwind for the foreseeable future.