Prudential Financial, Inc. (NYSE:PRU) is included among
Dividend Contenders List: Top 20 Stocks.
Photo by Scott Graham on Unsplash
On January 13, Wells Fargo analyst Elyse Greenspan raised the firm’s price target on Prudential Financial, Inc. (NYSE:PRU) to $115 from $113 and kept an Equal Weight rating on the shares.
Heading into quarterly results for the insurance sector, the firm said attention should stay on a few key areas. For P&C insurers, pricing trends, loss development, and reserves remain front and center. For brokers, the focus shifts to organic growth and margins. Life insurers are being judged more on sales trends, capital levels, and forward guidance.
Separately, a January 16 report from Reuters said the CEO of Prudential Financial’s Japan life insurance unit will step down following revelations of employee misconduct. The company disclosed that around 100 employees were involved in improper activity totaling roughly 3.1 billion yen ($19.60 million), including cases of embezzlement.
The Japan unit said 498 customers were affected by the newly uncovered issues. The misconduct included employees improperly receiving funds through investment solicitations and personally borrowing money from customers.CEO and President Kan Mabara will resign effective February 1. He will be replaced by Hiromitsu Tokumaru, who currently serves as president and CEO of Prudential Gibraltar Financial Life Insurance. The situation was first reported earlier in the day by The Asahi Shimbun.
Prudential’s Japan unit initially flagged misconduct in 2024 and has been conducting a broader review since August of that year. The company said the review followed the discovery of multiple similar cases involving both current and former employees.
Prudential Financial, Inc. (NYSE:PRU) is a diversified financial services company and global investment manager, offering a wide range of financial products and services worldwide.
While we acknowledge the potential of PRU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 13 Best Dividend Kings to Buy in 2026 and 14 Best Mid Cap Dividend Aristocrat Stocks to Buy Now
Disclosure: None.
