Barclays Cuts Prudential (PRU) Target, Flags Sluggish Premium Growth

Prudential Financial, Inc. (NYSE:PRU) is included among the 15 Blue Chip Stocks with Highest Dividends.

Barclays Cuts Prudential (PRU) Target, Flags Sluggish Premium Growth

On April 8, Barclays lowered its price recommendation on Prudential Financial, Inc. (NYSE:PRU) to $110 from $119. It kept an Equal Weight rating on the shares. The firm adjusted targets across the insurance group as part of its Q1 preview. It said premium growth and broker organic growth “are likely to remain sluggish,” the analyst told investors in a research note. Barclays still expects solid margins and strong capital deployment to support reported book value growth in Q1.

Earlier in March, the company said its Board of Directors appointed Andrew Sullivan, currently Chief Executive Officer, to the additional role of Chairman of the Board, effective March 10, 2026. Sullivan takes over from Charles Lowrey, who stepped down as Executive Chairman and director on March 10. Lowrey will stay on as a senior advisor through the end of the second quarter, when he is set to retire from the company.

Over a 25-year career at Prudential, Lowrey held several leadership roles. He served as Executive Chairman starting in 2025, Chief Executive Officer from 2018 to 2025, and Chairman from 2019 to 2025. As Chairman and CEO, he helped build the foundation for the company’s next phase of growth. He oversaw a range of growth investments, derisking actions, and organizational changes aimed at strengthening Prudential’s position in the market. He also led the company through the COVID-19 pandemic, guiding efforts to support employees, customers, and the communities it serves.

Prudential Financial, Inc. (NYSE:PRU) operates as a financial services provider and global investment manager. It offers life insurance, annuities, retirement-related products and services, mutual funds, and investment management solutions.

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