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Here's Why Prudential Financial Stock Was Up 31.3% in the First Half of 2021

TheMotleyFool

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Here's Why Prudential Financial Stock Was Up 31.3% in the First Half of 2021

Shares of the financial service and life insurance company Prudential Financial (NYSE: PRU) rose 31.3% in the first half of the year, according to data provided by S&P Global Market Intelligence.

Prudential Financial saw improvements to its profitability after impacts from the pandemic hurt it last year. The company has undergone initiatives to transform its business mix while also saving $750 million in costs by 2023, with $400 million of that coming this year.

Last year, Prudential was hit hard by the pandemic and posted a net loss of $146 million as a result. This came after a $4.1 billion profit in 2019.

Source Fool.com

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