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Prudential Financial Has A Great Long-Term Story To Tell

March 22, 2019

Summary:

- Prudential has several key businesses that have promising long-term prospects.

- Prudential recently reported Q4 2018 results that were not well-received by the market. However, I believe that there were some positive takeaways from the full-year 2018 operating results.

- I am long Prudential and I plan to stay long the stock.

 

On March 20, 2019, Prudential Financial's ($PRU) stock was under pressure after the FOMC press conference, as pundits are now more concerned about the prospects no near-term rate hikes and a flattening yield curve. PRU shares have performed well so far in 2019 (15.2% vs the S&P 500's 12.4%), but the stock performance over the last year has left investors wanting more.

 

Similar to other financial institutions, it should come as no surprise that PRU shares have underperformed the broader market in the current environment. I believe, however, that the pullback has created a buying opportunity if you are willing (and able) to hold onto the stock for at least the next two-to-three years because, in my opinion, Prudential's bull case remains intact.

 

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