Prudential (PUK) Soars 2.54% on 12% Profit Surge

Prudential's (PUK) share price surged to its highest level since December 2023 today, with an intraday gain of 2.54%.

The strategy of buying PUK shares after they reached a high and holding for one week resulted in a 1.05% return over the past five years, significantly underperforming the benchmark's 41.68% return. The strategy's Sharpe ratio was low at 0.12, indicating poor risk-adjusted returns. With a maximum drawdown of -2.94% and a CAGR of only 0.45%, the strategy carried moderate risk and showed limited growth potential.

Prudential PLC's recent stock price increase can be attributed to several key factors. The company reported a 12% increase in new business profit as of April 29, 2025. This significant growth in profitability has been a major driver for the stock's upward momentum. Additionally, Prudential outlined strategic initiatives aimed at future growth, which has further bolstered investor confidence despite ongoing market challenges. These positive financial results and strategic plans have collectively contributed to the stock's recent performance.

Prudential's strong financial performance and strategic initiatives have positioned the company for continued growth. The 11% increase in new business profit, coupled with the company's forward-looking strategies, has reassured investors about Prudential's ability to navigate market challenges and achieve long-term success. This positive outlook has been reflected in the stock's recent price movements, as investors respond favorably to the company's financial health and growth prospects.