T. Rowe Price (TROW): Assessing Valuation After AUM Growth and Strategic Expansion into Insurance and Alternatives
T. Rowe Price Group (TROW) just shook things up by announcing a wave of senior hires for its insurance division, following its report of 6.9% year-over-year growth in assets under management and a quarterly dividend declaration. The spotlight is not just on these new roles; the real story is how the firm continues to evolve its business by expanding into insurance and alternatives, while still leveraging its core retirement franchises such as target-date funds. For investors weighing their options, these updates indicate that T. Rowe Price is actively pursuing new strategies.
The stock’s performance tells an interesting story. While shares are up around 4% over the past year, momentum has picked up in recent months, rising 13% in the…
