Deutsche Bank Has Notes On Prudential (PRU)

Deutsche Bank has some notes on the life insurance industry, and in particular Prudential Financial, Inc. PRU. It has a Hold rating on shares. In the research report, Deutsche Bank writes, "Prudential positioned for a large acquisition or share buybacks. The $2.4 billion dividend to the holding company during 2Q was the maximum payable for 2010 without prior regulatory approval. The Wall Street Journal last week indicated that Prudential might purchase AIG Star and AIG Edison for $4-5 billion. This could add $0.94 to 2011 EPS and increase the ROE to 12.3%." Shares of Prudential gained 7 cents yesterday to close at $55.80.