7 Most Undervalued Financial Stocks To Buy According To Analysts

4. Prudential plc (NYSE:PUK)

Analyst Upside: 62.61%

Forward P/E: 7.56

Prudential plc (NYSE:PUK) is a UK-based multinational insurance and asset management company. The company offers simple and accessible financial and health solutions to more than 18 million customers across 24 markets in Asia and Africa.

Lately, the company has been fully focused on its expansion strategy including its investments in Nigeria in September 2024. The company has agreed to acquire the remaining share of its joint venture in Nigeria, Prudential Zenith Life Insurance Limited. The company has also partnered with Bank Syariah Indonesia to provide life insurance services to the bank starting in early 2025. These two developments expand Prudential’s position in respective regions and increase penetration into bancassurance.

During Q3 2024, Prudential plc (NYSE:PUK) reported robust growth driven by an increase in sales across the international insurance and retirement market. The international business sales were up by 25% compared to Q3 2023. Prudential plc (NYSE:PUK) remains well positioned and is also working on improving its valuation. The company has announced to execute a second tranche of its $2 billion share buyback program. Prudential will initiate $800 million share buyback following the completion of the first tranche of the program for $700 million.