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Prudential Financial, Inc. - PRU STOCK NEWS

Welcome to our dedicated page for Prudential Financial news (Ticker: PRU), a resource for investors and traders seeking the latest updates and insights on Prudential Financial stock.

Prudential Financial, Inc. (NYSE: PRU) has been a pillar in the financial services sector for over 140 years, providing comprehensive financial products and services to both individual and institutional clients. Known for their iconic Rock® symbol, Prudential exemplifies strength, stability, and innovation.

With operations spanning across the United States, Asia, Europe, and Latin America, Prudential has established itself as a global leader in financial services. The company manages over $1.5 trillion in assets, offering a range of products including annuities, life insurance, retirement plan services, and asset management. Its investment management business, PGIM, plays a significant role, contributing approximately 10% of the company’s earnings and managing around $1.3 trillion in assets.

The bulk of Prudential's revenue is generated in the United States and Japan. In the U.S., business operations are divided into several segments: Institutional Retirement Strategies, Individual Retirement Strategies, Group Insurance, Individual Life Insurance, and Assurance IQ. The international segment, which accounts for approximately 40% of earnings, holds a robust market presence in Japan.

Prudential’s commitment to innovation and excellence is evident in its strategic partnerships and ongoing projects. For instance, PGIM Real Estate, Prudential's global asset management arm, has ventured into a $600 million joint initiative with Equinix to develop the SV12x data center in Silicon Valley. This project underscores Prudential's drive to expand its digital infrastructure, ensuring scalable and agile solutions for the future of digital services.

In addition to its financial prowess, Prudential is committed to social responsibility. The Prudential Emerging Visionaries program, in partnership with Ashoka, celebrates young leaders addressing financial and societal challenges. This initiative aligns with Prudential's vision of fostering financial inclusivity and societal impact.

Financial stability is a hallmark of Prudential. Recent collaborations, such as the group annuity contract with Metallus Inc. for terminating the TimkenSteel Corporation Retirement Plan, showcase Prudential's expertise in managing complex financial arrangements, further solidifying its reputation as a trusted entity in the financial sector.

Prudential’s strategic approach, innovative initiatives, and commitment to community support make it a significant player in the financial services industry.

News

Retirement Confidence for American Workers Has Been Low Since 2022, According to New PGIM RetireWell™ Confidence Index

Rhea-AI Summary
PGIM, the investment management business of Prudential Financial, Inc., reports that retirement and financial confidence have been below average since Q2 2022. The gap between financial and retirement confidence has widened significantly since the start of 2022, indicating potential investor worry despite feeling secure in their investments today.
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PGIM, UNCF Study Finds Private HBCU Endowments Need Investment Support

Rhea-AI Summary
A joint study by UNCF and PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), highlights the challenges faced by Historically Black colleges and universities (HBCUs) in growing their endowments. The study aims to explore how the asset management industry can collaborate with HBCUs to optimize investment returns for long-term growth. The research emphasizes the limited resources of private HBCUs compared to non-HBCUs, affecting their ability to manage risk and make asset allocation decisions.
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Prudential launches SimplyIncome for workplace retirement plans on Fidelity Investments™ platform

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Prudential Financial, Inc. has announced a collaboration that will expand access to retirement security for over 100,000 plan participants. The partnership aims to provide better financial opportunities for a large number of individuals.
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Rutgers Athletics has a new partner on the bench: Prudential Financial

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Prudential Financial, Inc. signs a partnership with Rutgers University's men’s and women’s basketball teams, providing access to financial education and funded investment accounts for student-athletes. Prudential advisors will offer consultations and seminars, aiming to improve financial literacy and long-term wealth management for young athletes.
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Prudential Financial, Inc. to Announce Fourth Quarter 2023 Earnings; Schedules Conference Call

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Prudential Financial, Inc. (NYSE: PRU) will release its fourth quarter 2023 earnings on Tuesday, February 6, 2024, after the market closes. The company's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential is a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of September 30, 2023, operating in the United States, Asia, Europe, and Latin America.
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PGIM launches two Buffer ETF series

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PGIM, the $1.2 trillion global investment management business of Prudential Financial, has launched two new buffer ETF series, the PGIM U.S. Large-Cap Buffer 12 ETF series and the PGIM U.S. Large-Cap Buffer 20 ETF series, listed on the Cboe BZX. The ETFs aim to provide potential downside risk protection with 12% and 20% buffer options, offering investors exposure to the S&P 500 Index with a limited downside buffer against losses over a one-year target outcome period. The ETFs are attractively priced at a 0.50% net expense ratio, making them the lowest cost one-year target outcome buffer ETFs in the marketplace.
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Prudential awarded $9.2 billion international longevity risk transfer mandate by NN Life, expanding Prudential Institutional Retirement Strategies into The Netherlands

Rhea-AI Summary
Prudential Financial, Inc. (NYSE: PRU) enters into a $9.2 billion longevity risk transfer agreement with NN Life, marking its first international longevity reinsurance transaction in the Dutch market. The deal aligns with the company's growth strategy and demonstrates its vision to be a global leader in expanding access to investing, insurance, and retirement security.
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PGIM launches 4 active ETFs

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PGIM, the $1.2 trillion global investment management business of Prudential Financial, has launched four actively managed exchange-traded funds (ETFs) — the PGIM Jennison International Opportunities ETF (PJIO), PGIM Jennison Better Future ETF (PJBF), PGIM Jennison Focused Mid-Cap ETF (PJFM), and the PGIM Short Duration High Yield ETF (PSH). With these launches, PGIM now offers a range of 14 actively managed ETFs across equity and fixed income asset classes. The new equity ETFs are subadvised by Jennison Associates and aim for long-term growth of capital with concentrated, high-conviction portfolios. The PGIM Jennison International Opportunities ETF (PJIO) focuses on non-U.S. companies in the early stages of accelerating growth. The PGIM Jennison Better Future ETF (PJBF) invests in companies anticipated to help address social and environmental challenges. The PGIM Jennison Focused Mid-Cap ETF (PJFM) invests in medium-sized companies diversified across industries and sectors. The PGIM Short Duration High Yield ETF (PSH) seeks total return through a combination of current income and capital appreciation, investing in a diversified portfolio of shorter-duration high yield fixed income securities that are rated below investment grade.
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AM Best Affirms Credit Ratings of Prudential Financial, Inc. and Its Life/Health Subsidiaries

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AM Best affirms Prudential Financial, Inc.'s (PRU) life/health insurance subsidiaries with FSR of A+ (Superior) and Long-Term ICRs of 'aa-' (Superior). Prudential's balance sheet strength, operating performance, business profile, and enterprise risk management are very strong. The outlook is stable.
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Prudential Financial, Inc. to Participate in Goldman Sachs 2023 US Financial Services Conference; Live Webcast Available

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Prudential Financial, Inc. (PRU) will participate in the Goldman Sachs 2023 US Financial Services Conference on December 5, 2023. Charles Lowrey, chairman and CEO, will engage in an analyst-led fireside chat. Prudential is a global financial services leader with approximately $1.4 trillion in assets under management as of September 30, 2023, operating in the United States, Asia, Europe, and Latin America. The company aims to expand access to investing, insurance, and retirement security.
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FAQ

What is the current stock price of Prudential Financial (PRU)?

The current stock price of Prudential Financial (PRU) is $127.41 as of November 15, 2024.

What is the market cap of Prudential Financial (PRU)?

The market cap of Prudential Financial (PRU) is approximately 45.3B.

What is Prudential Financial, Inc. known for?

Prudential Financial, Inc. is known for providing comprehensive financial products and services, including life insurance, annuities, retirement plan services, and asset management. Its iconic Rock® symbol stands for strength, stability, and innovation.

Where does Prudential Financial, Inc. operate?

Prudential operates in the United States, Asia, Europe, and Latin America, with significant market presence in these regions.

What is PGIM?

PGIM is the global investment management business of Prudential Financial, Inc., contributing approximately 10% of the company’s earnings and managing around $1.3 trillion in assets.

What recent projects is Prudential involved in?

Prudential, through PGIM Real Estate, has entered into a $600 million joint venture with Equinix to develop the SV12x data center in Silicon Valley, showcasing their commitment to expanding digital infrastructure.

How does Prudential support social initiatives?

Prudential supports social initiatives through programs like the Prudential Emerging Visionaries, which recognizes young leaders addressing financial and societal challenges, in partnership with Ashoka.

What financial products does Prudential offer?

Prudential offers a variety of financial products including annuities, life insurance, retirement plan services, and investment management solutions.

How has Prudential demonstrated financial stability?

Prudential has demonstrated financial stability through strategic collaborations, such as the group annuity contract with Metallus Inc., showcasing their expertise in managing complex financial arrangements.

What is Prudential's commitment to innovation?

Prudential's commitment to innovation is evident in their ongoing projects and strategic partnerships, such as the development of the SV12x data center with Equinix, ensuring scalable and agile solutions for digital services.

What is the financial scope of Prudential's operations?

Prudential manages over $1.5 trillion in assets and generates significant revenue from its operations in the United States and Japan.

How does Prudential contribute to financial inclusivity?

Prudential contributes to financial inclusivity through programs like the Prudential Emerging Visionaries, which aim to support young leaders in creating innovative solutions to financial and societal challenges.

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Prudential Financial, Inc.

NYSE:PRU

PRU Rankings

#301 Ranked by Market Cap
#730 Ranked by Dividends

PRU Stock Data

45.30B
357.70M
0.16%
59.62%
1.64%
Insurance - Life
Life Insurance
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United States of America
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