Daniel Loeb Comments on Prudential

Guru stock highlight

Oct 27, 2021

Summary

An event-driven situation.

Prudential PLC (LSE:PRU, Financial): During the quarter, Prudential successfully completed its previously announced spin-off of Jackson National and raised additional equity in Asia for the remaining Pru-Asia business. We are pleased to see the value gap begin to close but see considerable additional appreciation potential as Asian-domiciled and other global investors begin to fully appreciate its significant discount to its peers, excellent franchise, and growth potential.

From Daniel Loeb (Trades, Portfolio)'s Third Point third-quarter 2021 letter.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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