There is a downward trend in prices of companies offering investment products to their customers.
The aggregated price of Prudential Financial, Primerica and Manning & Napier decreased by 3.72% since 12th November.
Nearly two weeks ago Primerica and Prudential Financial published their 3Q financial reports, which disappointed analysts. It was expected that Prudential's net income will reach $9.65 per share, but finally it equaled $9.42. Primerica's net income for the third quarter was 8.3% lower than specialists expected. Only Manning & Napier met analysts anticipations.
The trend may change its direction due to the news concerning Primerica stock repurchase. Today the price of Primerica's stocks grew by 1.38% and reached $51.52 at 10:20. The Board of Managers gave a signal, that the stocks may be undervalued.
Here are basic fundamental statistics of the stocks:
Market Capitalization: $215.53 M (MN), $2.88 B (PRI), $39.82 B (PRU)
P/E Ratio: 1.8 (MN), 13.17 (PRI), 16.66 (PRU)
P/BV Ratio: 1.2 (MN), 2.14 (PRI), 0.93 (PRU)
ROE: 1.17% (MN), 16.85% (PRI), 5.65% (PRU)
Debt Ratio: 0.36 (MN), 0.88 (PRI), 0.95 (PRU)
Current Ratio: 3.33 (MN), 5.4 (PRI), 1.43 (PRU)
Investment Managers, Life Insurance
Trend Strength: *****, Change: -3.72% Trend start: Tuesday, 2014-11-11 15:45
Primerica Announces $150 Million Stock Repurchase Program
Prudential Earnings Miss Estimates in Q3, Revenues Beat
Primerica PRI Misses on Q3 Earnings, Beats Revenues
Manning & Napier meets 3Q profit forecasts