NEW YORK ( TheStreet) -- Prudential Financial Inc (NYSE: PRU) hit a new 52-week low Thursday as it is currently trading at $44.04, below its previous 52-week low of $44.54 with 275,227 shares traded as of 9:36 a.m. ET. Average volume has been 5.3 million shares over the past 30 days. Prudential Financial has a market cap of $23.7 billion and is part of the financial sector and insurance industry. Shares are down 22.1% year to date as of the close of trading on Wednesday. Prudential Financial, Inc., through its subsidiaries, offers various financial products and services in the United States, Asia, Europe, and Latin America. The company operates through three divisions: The U.S. Retirement Solutions and Investment Management, The U.S. The company has a P/E ratio of 8.5, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Prudential Financial as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Prudential Financial Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.