Prudential Financial stays a Buy with 5.7% dividend despite Japan sales halt until 2027

Prudential Financial remains a recommended Buy, offering a secure 5.7% dividend yield and strong capital returns. Although sales suspension in Japan will impact earnings through mid-2027, robust operations in the U.S. and Brazil help offset these challenges. PGIM's margin expansion and asset growth, along with a stable investment portfolio and de-risking in life insurance, support earnings resilience. The stock trades at about 1x adjusted book value with a fair value near $115, backed by disciplined buybacks and an 8% capital return yield.