Prudential Finl Stock Price, News & Analysis

Prudential Financial (NYSE: PRU) has appointed Joseph Wolk to its Board of Directors as an independent director, effective September 30, 2025. Wolk, currently serving as Executive Vice President and CFO of Johnson & Johnson, will join the Board's Audit and Finance Committees.

As J&J's CFO since 2018, Wolk oversees the company's financial strategy, capital allocation, and leads global shared services for over 130,000 employees. His notable achievements include managing J&J's operational transformation and the separation of its consumer health business. He is also the founding chair of Johnson & Johnson Impact Ventures, focusing on healthcare solutions in developing countries.

Prudential Financial (NYSE:PRU) and LPL Financial (NASDAQ:LPLA) have announced an expanded collaboration to launch an Insurance Overlay retirement lifetime income strategy on LPL's managed accounts platform. The initiative aims to provide protected lifetime income solutions to LPL's network of 29,000 financial advisors.

The collaboration comes as research shows over 11,000 Americans turn 65 daily, with only a small portion of the $34 trillion in retail retirement assets protected against longevity risk. Prudential, managing approximately $1.6 trillion in assets, currently provides over $15 billion in protected income payments annually to more than 3 million customers.

KKR (NYSE:KKR) has signed a significant 15-year lease for 132,529 square feet at Two International Place in downtown Boston, marking a major expansion of its presence in the city. The investment firm, which currently has over 300 employees in the Boston area, will relocate to accommodate its growing operations.

The move coincides with a $100 million reinvestment in International Place by The Chiofaro Company and PGIM Real Estate. The property upgrade includes transformed lobbies, entrances, and a new 25,000-square-foot Aries Club amenity center. KKR plans to use the Boston location to support its global operations, similar to its offices in Gurugram and Dublin.

PGIM (NYSE: PRU), Prudential Financial's $1.44 trillion investment management arm, has formed a strategic partnership with Partners Group (SIX: PGHN) to develop multi-asset portfolio solutions. The collaboration combines PGIM's expertise in public and private assets, including its $1 trillion credit platform, with Partners Group's private equity and infrastructure investment capabilities.

The partnership aims to address growing client demand for alternative investments and comprehensive investment strategies. The solutions will offer diversified exposure across public and private markets, designed to be integrated into defined contribution plans, insurance portfolios, or function as standalone investments, serving both individual and institutional investors.

Prudential Financial (NYSE:PRU) has expanded its EssentialTerm Suite of life insurance products for policies with face amounts of $250,000 and above. The suite features two enhanced solutions: EssentialTerm Value®, their most cost-effective option with conversion flexibility, and EssentialTerm Plus®, designed for long-term financial planning.

The products offer flexible term options of 10-30 years with guaranteed premiums, conversion to permanent policies, and a terminal illness rider. The application process features a 20-minute online interview and qualifies for PruFast Track accelerated underwriting, eliminating medical exams. Optional riders include waiver of premium for disability, accidental death benefit, and convertible life insurance for children.

PGIM, a subsidiary of Prudential Financial (NYSE:PRU), has successfully closed its second middle market energy credit fund, PGIM Energy Partners II (PEP II), with $619 million in available capital. The fund attracted diverse institutional investors including insurance companies, pension funds, and family offices.

PEP II focuses on providing financing solutions to middle market upstream oil and gas and midstream companies in North America, offering senior debt, junior debt, and structured equity options. The fund has already partnered with one upstream company and is evaluating additional investment opportunities. PGIM currently manages approximately $10 billion in energy assets across more than 120 companies.

Prudential Financial (NYSE:PRU) has released a new installment of its 2025 Benefits & Beyond study revealing significant challenges in workplace mental health support utilization. The study found that while 63% of workers express concerns about mental health, over 55% of employees with access to Employee Assistance Programs (EAPs) have never used them.

Key barriers include fear of negative consequences (40%), confidentiality concerns (38%), and job security worries (38%). The study highlights that mental health struggles cost the economy $47.6 billion annually in lost productivity, with affected employees missing four times more work.

The research suggests employers should focus on implementing mental health days, flexible work schedules, and stress management programs to better support their workforce.

Prudential Financial (NYSE: PRU) has declared a quarterly dividend of $1.35 per share of Common Stock. The dividend will be payable on September 11, 2025, to shareholders of record as of August 19, 2025.

As a global financial services leader, Prudential manages approximately $1.6 trillion in assets as of June 30, 2025, with operations across the United States, Asia, Europe, and Latin America. The company's iconic Rock symbol has represented strength and stability for 150 years.

PGIM (NYSE: PRU), Prudential Financial's $1.39 trillion investment management arm, has launched three new actively managed fixed income ETFs targeting different corporate bond maturity ranges. The new offerings include the PGIM Corporate Bond 0-5 Year ETF (PCS), PGIM Corporate Bond 5-10 Year ETF (PCI), and PGIM Corporate Bond 10+ Year ETF (PCL).

The ETFs feature competitive net expense ratios of 0.20-0.25%, ranking in the top quartile among active funds in their categories. Each fund aims to maintain a weighted average portfolio duration within one year of their respective Bloomberg U.S. Corporate Bond Index benchmarks. This expansion brings PGIM's ETF platform to 13 fixed income ETFs and over 50 total ETFs, with $17.1 billion in total ETF AUM.