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With a market cap of around $40 billion, Prudential Financial, Inc. (PRU) is a leading global financial services company offering a wide range of products, including life insurance, annuities, retirement solutions, mutual funds, and investment management. Operating through key segments like PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses, the company serves both individual and institutional clients worldwide.
The financial services company's shares have underperformed the broader market over the past 52 weeks. PRU has risen 2.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 22.3%. Moreover, shares of Prudential Financial are down 7.2% on a YTD basis, compared to SPX’s 3.5% gain.