Prudential Financial (PRU)

Company Profile

Prudential Financial, Inc., a financial wellness leader and premier active global investment manager with more than $1.5 trillion in assets under management as of June 30, 2020, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help to make lives better by creating financial opportunity for more people. Prudential's iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century.

Company profile

Ticker

PRU, PFH, PRH

Exchange

NYSE

Website

www.prudential.com

CEO

Charles Lowrey

Incorporated

New Jersey

Location

New Jersey

Fiscal year end

Dec 31

Sector

Finance and Insurance > Direct Life Insurance Carriers

Industry (SIC)

Life Insurance

Metlife • Corebridge Financial • Jackson Financial • Brighthouse Financial • Lincoln National • Voya Financial • Genworth Financial • Athene Holding • Protective Life • F&G Annuities & Life ...

SEC CIK

0001137774

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

210-220 E. 22nd Street SSGA Owner, LLC • Adlerwerke CB Investment LLC • Administradora Americana de Inversiones S.A. • Administradora de Fondos de Pensiones Habitat, S.A. • Alexander Forbes Group Holdings Limited • Amber Five (GP) Limited • AREF Cayman Co Ltd. • AREF GP II Pte. Ltd. • AREF GP Ltd. • Art 10 (GP) Limited ...

IRS number

223703799

PRU stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$105.83

Low target

$96.00

High target

$114.00

Latest filings (excl ownership)

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ARS

2022 FY

Annual report to shareholders

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

Prospectus for primary offering

23 Feb 23

FWP

Free writing prospectus

22 Feb 23

424B2

Prospectus for primary offering

Departure of Directors or Certain Officers

15 Feb 23

8-K

Prudential Financial, Inc. Announces

7 Feb 23

Transcripts

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PRU

Earnings call transcript

2022 Q4

8 Feb 23

PRU

Earnings call transcript

2022 Q3

2 Nov 22

PRU

Earnings call transcript

2022 Q2

3 Aug 22

PRU

Earnings call transcript

2022 Q1

4 May 22

PRU

Earnings call transcript

2021 Q4

4 Feb 22

PRU

Earnings call transcript

2021 Q3

3 Nov 21

PRU

Earnings call transcript

2021 Q2

4 Aug 21

PRU

Earnings call transcript

2021 Q1

5 May 21

PRU

Earnings call transcript

2020 Q4

5 Feb 21

PRU

Earnings call transcript

2020 Q3

4 Nov 20

Latest ownership filings

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Wendy Elizabeth Jones

Financial summary

Financial statements Chart PRU financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	17.30 bn	17.30 bn	17.30 bn	17.30 bn	17.30 bn	17.30 bn
Cash burn (monthly)	951.00 mm	(no burn)	240.00 mm	152.67 mm	207.33 mm	(no burn)
Cash used (since last report)	2.74 bn	n/a	691.89 mm	440.12 mm	597.72 mm	n/a
Cash remaining	14.56 bn	n/a	16.61 bn	16.86 bn	16.70 bn	n/a
Runway (months of cash)	15.3	n/a	69.2	110.4	80.6	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

PRU institutional ownership history Ownership history

57.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1182	1095	+7.9%
Opened positions	176	78	+125.6%
Closed positions	89	113	-21.2%
Increased positions	414	461	-10.2%
Reduced positions	395	339	+16.5%

13F shares	Current	Prev Q	Change
Total value	20.79 tn	17.08 bn	+121639.2%
Total shares	209.56 mm	191.99 mm	+9.2%
Total puts	4.09 mm	4.50 mm	-9.0%
Total calls	3.49 mm	3.69 mm	-5.4%
Total put/call ratio	1.2	1.2	-3.8%

Largest owners	Shares	Value	Change
BLK Blackrock	33.26 mm	$3.31 tn	+0.2%
Vanguard	31.61 mm	$3.14 tn	-0.1%
STT State Street	17.46 mm	$1.74 tn	NEW
Charles Schwab Investment Management	8.01 mm	$796.19 bn	+9.6%
Geode Capital Management	7.50 mm	$746.18 bn	-1.4%
MS Morgan Stanley	6.59 mm	$655.38 bn	+6.7%
NTRS Northern Trust	4.24 mm	$421.47 bn	-0.5%
GS Goldman Sachs	3.30 mm	$327.87 bn	+9.0%
IVZ Invesco	3.17 mm	$314.96 bn	-22.8%
BK Bank Of New York Mellon	3.04 mm	$302.21 bn	-7.7%

Largest transactions	Shares	Bought/sold	Change
STT State Street	17.46 mm	+17.46 mm	NEW
Norges Bank	1.73 mm	+1.73 mm	NEW
Nordea Investment Management Ab	620.01 k	-1.70 mm	-73.2%
LSV Asset Management	615.25 k	-1.13 mm	-64.8%
IVZ Invesco	3.17 mm	-935.67 k	-22.8%
Charles Schwab Investment Management	8.01 mm	+700.45 k	+9.6%
Prostatis	0.00	-615.31 k	EXIT
Wellington Management	2.41 mm	-448.66 k	-15.7%
Amundi	1.52 mm	+424.85 k	+39.0%
MS Morgan Stanley	6.59 mm	+413.42 k	+6.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

PRU insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
17 Mar 23	Hundmejean Martina	Notional Shares - Mandatory Common Stock	Grant	Acquire A	No	No	82.19	194	15.94 k	12,984
16 Mar 23	Axel Robert	Deferred Compensation Shares Common Stock	Grant	Acquire A	No	No	82.19	22	1.81 k	1,526
16 Mar 23	Andrew F Sullivan	Deferred Compensation Shares Common Stock	Grant	Acquire A	No	No	82.19	80	6.58 k	6,681
16 Mar 23	Casellas Gilbert F	RSU Common Stock	Grant	Acquire A	No	No	82.19	22	1.81 k	1,517
16 Mar 23	Casellas Gilbert F	Notional Shares - Mandatory Common Stock	Grant	Acquire A	No	No	82.19	553	45.45 k	36,979
16 Mar 23	Hundmejean Martina	RSU Common Stock	Grant	Acquire A	No	No	82.19	22	1.81 k	1,517
16 Mar 23	Hundmejean Martina	Notional Shares - Optional Common Stock	Grant	Acquire A	No	No	82.19	271	22.27 k	18,134
16 Mar 23	Jones Wendy Elizabeth	RSU Common Stock	Grant	Acquire A	No	No	82.19	22	1.81 k	1,517
16 Mar 23	Jones Wendy Elizabeth	Notional Shares - Optional Common Stock	Grant	Acquire A	No	No	82.19	12	986.28	803
16 Mar 23	Jones Wendy Elizabeth	Notional Shares - Mandatory Common Stock	Grant	Acquire A	No	No	82.19	56	4.60 k	3,766