Prudential PLC Has Attractive Capital Repatriation Opportunity -- Market Talk

Dow Jones
Aug 27

0547 GMT - Prudential PLC's shares should be one of the most attractive opportunities in the Stoxx 600 insurance subindex, Keefe, Bruyette & Woods says in a research note. The insurance-and-investment company reported new business, earnings and capital-growth numbers roughly confirming consensus, which is positive given the low multiples the shares trade on, analyst William Hawkins writes. The group guided for a recurring $500 million-$600 million buyback and now expects more than 10% dividend-per-share growth in the next few years from just 10% previously. This nudge up puts it more into the teens, confirming KBW's views on capital returns. "We think...management is conservative because it can hopefully rely on the Indian [business] IPO proceeds for around $1 billion," he writes. This leaves scope for upside to capital-management delivery, he adds.(elena.vardon@wsj.com)

 

(END) Dow Jones Newswires

August 27, 2025 01:48 ET (05:48 GMT)

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