TD Cowen analyst Andrew Kligerman maintains $Prudential Financial (PRU.US)$ with a hold rating, and maintains the target price at $130.
According to TipRanks data, the analyst has a success rate of 73.8% and a total average return of 18.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Prudential Financial (PRU.US)$'s main analysts recently are as follows:
The previous quarter witnessed a flurry of global catastrophe events, yet the anticipated impact on Q3 catastrophe losses for property and casualty insurers is projected to be manageable. Looking ahead to Q4, estimates have been adjusted to account for 'placeholder' losses attributed to Hurricane Milton, although there is still some uncertainty following its recent landfall. The alterations in the group's outlook are a response to the events of the past quarter and adjustments in P/E multiples.
The life insurance sector presents a mixed outlook, with robust capital positions and fair valuations. Nonetheless, growth drivers are expected to moderate, suggesting that investors will need to be discerning in their choices to achieve success in the life insurance market going forward.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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