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Wednesday, December 21, 2011

prudential insurance stock predictions 2012

prudential insurance stock predictions 2012 ; Prudential Financial(PRU) is a financial services provider with approximately $871 billion assets under management, as of Sept. 30, 2011. The company has operations in the U.S., Asia, Europe, and Latin America. In Nov. 2011, it acquired an office building in downtown Chicago's Central Loop for $183.5 million.

Of the 23 analysts covering the stock, 87% recommend a buy and 13% rate a hold. Analysts' average 12-month price target of $69.33 for the stock is 47.6% higher than the current price, according to a Bloomberg consensus.

For the third quarter of 2011, PRU reported total revenue at $14.91 billion, growing 50.45% from $9.91 billion in the same period previous year. Net income attributable to the company was $1.50 billion, or $3.08 per share, compared with net income of $1.24 billion, or $2.46 per share, in the third quarter of 2010. The company recently paid annual dividend of $1.45 per share of common stock, an increase of 26% from the same period in 2010.

Fitch Ratings has affirmed the company's Issuer Default Rating (IDR) at A- with a stable outlook, reflecting PRU's improved earnings and liquidity profile For the latest updates on the insurance Stock Market Today, visit insurance Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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