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Prudential Financial, Inc. (PRU), headquartered in Newark, New Jersey, provides insurance, investment management, and other financial products and services. Valued at $42.2 billion by market cap, the company offers a variety of products and services, including life insurance, mutual funds, annuities, pension, and retirement-related services, as well as administration and asset management.
Shares of this leading diversified insurance and asset management company have outperformed the broader market considerably over the past year. PRU has gained 28.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27%. However, in 2024, PRU’s stock rose 13.2%, compared to SPX’s 18.1% rise on a YTD basis.