PRU.L - Prudential plc

LSE - LSE Delayed price. Currency in GBp
1,274.50
+103.50 (+8.84%)
At close: 5:04PM BST
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Previous close1,171.00
Open1,197.00
Bid1,268.50 x 0
Ask1,269.50 x 0
Day's range1,186.00 - 1,274.50
52-week range12.37 - 1,795.00
Volume5,070,358
Avg. volume9,480,289
Market cap33.25B
Beta (5Y monthly)1.10
PE ratio (TTM)42.20
EPS (TTM)30.20
Earnings date11 Aug 2020
Forward dividend & yield0.37 (3.18%)
Ex-dividend date26 Mar 2020
1y target est2,079.18
  • U.K. Banks Exposed to Hong Kong Fall Amid Political Turmoil
    Bloomberg

    U.K. Banks Exposed to Hong Kong Fall Amid Political Turmoil

    (Bloomberg) -- U.K.-listed banks with heavy exposure to Hong Kong slipped as China’s attempt to tighten its grip on the city fueled a political backlash.HSBC Holdings Plc dropped as much as 6.5%, the most in about seven weeks, while rival lender Standard Chartered Plc declined 4.7%. Insurer Prudential Plc tumbled 9.8%, its biggest fall in more than two months, before paring losses along with the banks.China confirmed on Friday that it would effectively bypass the city’s legislature to implement national security laws. The announcement triggered immediate calls for fresh protests and sent the MSCI Hong Kong index to its worst loss since 2008.“China’s latest move is damaging to gross domestic product, sentiment, loan growth and Hong Kong’s status as a global financial destination,” Bloomberg Intelligence analyst Jonathan Tyce said in written comments. HSBC and Standard Chartered each derive a quarter of their revenue from Hong Kong, and “far more” of their pretax profits, he added.Banks operating in Hong Kong, as well as luxury-goods makers, have been volatile since the final quarter of 2019 as protests gripped the city, sending it into recession. The global spread of Covid-19 spurred share plunges in 2020.Prudential, which has seen its shares plunge 28% year-to-date, is also highly exposed to the former British colony. Hong Kong accounted for 23% of the London-based company’s adjusted operating profit in Asia in 2019, more than any other market in the continent, according to the group’s annual report.And it wasn’t just European financials dropping on the Hong Kong developments, as luxury-goods makers that are dependent on sales in the city also slipped. Cartier watch-maker Compagnie Financiere Richemont SA and Gucci-owner Kering SA fell as much as 4.1% and 2.3% in Zurich and Paris, respectively.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Introducing Prudential (LON:PRU), The Stock That Dropped 36% In The Last Three Years
    Simply Wall St.

    Introducing Prudential (LON:PRU), The Stock That Dropped 36% In The Last Three Years

    For many investors, the main point of stock picking is to generate higher returns than the overall market. But its...

  • Is Prudential plc's (LON:PRU) CEO Being Overpaid?
    Simply Wall St.

    Is Prudential plc's (LON:PRU) CEO Being Overpaid?

    In 2015 Mike Wells was appointed CEO of Prudential plc (LON:PRU). This analysis aims first to contrast CEO...

  • What Is Prudential's (LON:PRU) P/E Ratio After Its Share Price Tanked?
    Simply Wall St.

    What Is Prudential's (LON:PRU) P/E Ratio After Its Share Price Tanked?

    Unfortunately for some shareholders, the Prudential (LON:PRU) share price has dived 49% in the last thirty days...

  • Jackson Reports 2019 Financial Results¹, Announces Preparations for a Minority IPO
    Business Wire

    Jackson Reports 2019 Financial Results¹, Announces Preparations for a Minority IPO

    Jackson National Life Insurance Company® (Jackson®) today announced its full-year financial results, generating $3 billion in IFRS pre-tax operating income2 in 2019, an increase of 22 percent over 2018 and the highest in company history. Jackson also reported $22.2 billion in total sales and deposits, noting significant growth in fixed and fixed index annuity sales.

  • Jackson Earns 2019 "Contact Center of the Year" Award from SQM
    Business Wire

    Jackson Earns 2019 "Contact Center of the Year" Award from SQM

    Jackson National Life Insurance Company® (Jackson®) was recognized with four awards from Service Quality Measurement Group, Inc. (SQM)1 for excellence in contact center service in 2019. For the first time, Jackson was awarded SQM’s top honor — Contact Center of the Year — for earning the highest combined ratings for customer and employee experience among a field of leading call centers from across North America.

  • Why Prudential plc (LON:PRU) Should Be In Your Dividend Portfolio
    Simply Wall St.

    Why Prudential plc (LON:PRU) Should Be In Your Dividend Portfolio

    Today we'll take a closer look at Prudential plc (LON:PRU) from a dividend investor's perspective. Owning a strong...

  • Dan Loeb’s $48 Billion Target Has SomeTesty Investors
    Bloomberg

    Dan Loeb’s $48 Billion Target Has SomeTesty Investors

    (Bloomberg Opinion) -- Dan Loeb’s Third Point LLC says it has a history of working constructively with boards to promote the success of their companies. The activist’s latest goal seems to involve removing the board of Prudential Plc entirely, and dismantling the head office around it, as part of a breakup of the $48 billion insurer.That may not be as hard as it sounds.Once focused on Britain, Prudential has transformed into a large Asian insurer with a smaller U.S. business attached. Its shares suffer under a stark valuation discount to Hong Kong-listed peer AIA Group Ltd., and Loeb has set out a plausible explanation for why. The reason, he says, is that the Asian side needs capital to grow, but competes with shareholders for dividends. Likewise, the U.S. business would be better off conserving cash in support of its own capital strength. Meanwhile, most investors don’t want to invest in an Asian-U.S. hybrid insurer.The remedy sounds simple: Split Prudential into separate U.S. and Asian businesses with their own stock listings and dividend policies. The Asian shares would probably command a much higher valuation than whole the group does now,  providing an acquisition currency that would be a cheap source of growth capital. At the same time, scrapping the conglomerate structure would eliminate the need for a costly corporate center based in London.None of this is likely to be a huge surprise to Prudential’s directors. The board has already been simplifying the company, mainly by spinning off  the M&G Plc asset management business. That move has failed to address the valuation gap, so the next logical step would be to jettison the U.S. subsidiary and become a pure Asia play. Prudential’s chairman, Paul Manduca, is retiring next year anyway, and Chief Executive Officer Mike Wells has been in the role for five years. Manduca’s successor, banker and former government minister Shriti Vadera, has a chance to be radical.The real opponents to Loeb’s ideas are more likely to be found among Prudential’s long-term investors. Third Point is a new arrival taking on a longstanding problem. But Prudential has a large number of U.K. investors whose own narrow interests may be served by keeping it in its current form, paying high dividends via a London-listed share. Recall that consumer giant Unilever NV encountered huge resistance to an attempt to simplify its structure in 2018, while plumbing group Ferguson Plc is moving with extreme care about a possible re-domicile for the same reason.Loeb argues Prudential in two pieces would be worth twice what it is today. He may be right, but if a breakup involves a dividend cut along the way, it won’t be plain sailing.To contact the author of this story: Chris Hughes at chughes89@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Simply Wall St.

    Why Prudential plc (LON:PRU) Could Be Worth Watching

    Prudential plc (LON:PRU) saw a double-digit share price rise of over 10% in the past couple of months on the LSE. With...

  • Read This Before You Buy Prudential plc (LON:PRU) Because Of Its P/E Ratio
    Simply Wall St.

    Read This Before You Buy Prudential plc (LON:PRU) Because Of Its P/E Ratio

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll show how you can...

  • Trade Alert: The Group Chief Risk & Compliance Officer and Executive Director Of Prudential plc (LON:PRU), Stuart Turner, Has Just Spent UK£347k Buying Shares
    Simply Wall St.

    Trade Alert: The Group Chief Risk & Compliance Officer and Executive Director Of Prudential plc (LON:PRU), Stuart Turner, Has Just Spent UK£347k Buying Shares

    Investors who take an interest in Prudential plc (LON:PRU) should definitely note that the Group Chief Risk...

  • Want To Invest In Prudential plc (LON:PRU)? Here's How It Performed Lately
    Simply Wall St.

    Want To Invest In Prudential plc (LON:PRU)? Here's How It Performed Lately

    Increase in profitability and industry-beating performance can be essential considerations in a stock for some...

  • Investing.com

    Top 5 Things to Know in the Market on Tuesday

    Investing.com -- China throws a party with ICBMs and stealth drones, while Hong Kong burns. Meanwhile, Europe's economy looks ever grimmer and Credit Suisse (SIX:CSGN) clears its CEO of wrongdoing in a spy drama. Here's what you need to know in financial markets on Tuesday, 1st October.

  • Imagine Owning Prudential (LON:PRU) And Wondering If The 15% Share Price Slide Is Justified
    Simply Wall St.

    Imagine Owning Prudential (LON:PRU) And Wondering If The 15% Share Price Slide Is Justified

    Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. But if...

  • There's A Lot To Like About Prudential plc's (LON:PRU) Upcoming 1.2% Dividend
    Simply Wall St.

    There's A Lot To Like About Prudential plc's (LON:PRU) Upcoming 1.2% Dividend

    It looks like Prudential plc (LON:PRU) is about to go ex-dividend in the next 3 days. You will need to purchase shares...