Repurchasing of shares and raising dividends will be the plan for most companies with excess capital. With the rise in capital levels over the years, the investment portfolio risk is easier to handle due to the reduced exposure to structured securities. Also, insurers are now backed by better hedging programs. Sales of annuities are expected to increase, while interest rates have sustained at low levels.
Prudential Financial (PRU) has been nominated as the best stock in this market segment as the projected returns are expected to grow over the coming years. ROE and EPS are forecast to increase every year due to an organic growth, capital deployment, and accretion from the Star/Edison acquisition. Its stock is currently trading at $51.41 per share and is expected to go north of $67. With a market capitalization of $24.99 billion, Prudential has earnings per share of $6.90. Diamond Hill Capital is the most bullish hedge fund about Prude For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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