PRU.L - Prudential plc

LSE - LSE Delayed Price. Currency in GBp
1,590.00
-14.00 (-0.87%)
At close: 4:35PM GMT
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Previous Close1,604.00
Open1,616.00
Bid1,575.00 x 664800
Ask1,630.00 x 208800
Day's Range1,588.50 - 1,620.00
52 Week Range1,456.00 - 1,992.50
Volume3,177,465
Avg. Volume5,870,320
Market Cap41.031B
Beta (3Y Monthly)0.63
PE Ratio (TTM)18.28
EPS (TTM)87.00
Earnings DateMar 8, 2016 - Mar 14, 2016
Forward Dividend & Yield0.48 (2.98%)
Ex-Dividend Date2018-08-23
1y Target Est2,152.50
  • Financial Times19 hours ago

    [$$] M&G closes in on deal to buy FT building

    The Financial Times headquarters on the south bank of the river Thames is on the verge of being acquired by M&G as part of a deal that will see WPP, the advertising group, move into the building. The building at One Southwark Bridge, which has been occupied by the newspaper since 1989, had been due to be marketed in October. Talks between Pearson and buyers are in an advanced stage, two people said, adding that a preliminary agreement may be reached and announced as soon as this week.

  • Investing.com5 days ago

    Prudential Financial Earnings miss, Revenue beats In Q3

    Investing.com - Prudential Financial (NYSE:PRU) reported third quarter earnings that missed analyst's expectations on Wednesday and revenue that topped forecasts.

  • Hedge Funds Are Dumping Altaba Inc. (AABA)
    Insider Monkey7 days ago

    Hedge Funds Are Dumping Altaba Inc. (AABA)

    The government requires hedge funds and wealthy investors with over a certain portfolio size to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings discloses the funds’ positions on June […]

  • Reuters7 days ago

    EU watchdog signals no Brexit action by EU needed for insurance contracts

    There is no threat to European Union financial stability from insurers in Britain and Gibraltar that have yet to shift contracts with EU customers to the bloc in case of a hard Brexit, an EU watchdog said on Monday. The European Insurance and Occupational Pensions Authority (EIOPA) said the biggest insurers in Britain and Gibraltar are shifting nearly 30 million contracts with European Economic Area (EEA) customers to ensure "continuity" in case Britain crashes out of the EU without a withdrawal deal next March.

  • Reuters7 days ago

    EU watchdog signals no Brexit action by EU needed for insurance contracts

    There is no threat to European Union financial stability from insurers in Britain and Gibraltar that have yet to shift contracts with EU customers to the bloc in case of a hard Brexit, an EU watchdog said on Monday. The European Insurance and Occupational Pensions Authority (EIOPA) said the biggest insurers in Britain and Gibraltar are shifting nearly 30 million contracts with European Economic Area (EEA) customers to ensure "continuity" in case Britain crashes out of the EU without a withdrawal deal next March.

  • Business Wire11 days ago

    Jackson Acquires John Hancock’s Group Payout Annuity Business

    Jackson National Life Insurance Company® (Jackson®) announced today it has executed definitive agreements with John Hancock Life Insurance Company (U.S.A.) (John Hancock) to reinsure 100% of the Group Payout Annuity business of John Hancock and its affiliate, John Hancock Life Insurance Company of New York. The transaction closed yesterday on the non-New York portion of the business, representing approximately 90% of the overall block of Group Payout Annuities. The closing on the New York portion is subject to New York regulatory approval and is expected to occur in early 2019.

  • Simply Wall St.17 days ago

    Prudential plc (LON:PRU): Does The -18% Earnings Drop Reflect A Longer Term Trend?

    In this article, I will take a look at Prudential plc’s (LON:PRU) most recent earnings update (30 June 2018) and compare these latest figures against its performance over the past Read More...

  • Reuters21 days ago

    Prudential's Asia fund arm gets China non-retail asset management licence

    Eastspring Investments, Prudential Plc's (PRU.L) Asian asset management business, said on Tuesday it had received a licence to set up a wholly-owned unit in China to manage non-retail funds in the world's second-largest economy. The company has also registered the private fund management unit with the Asset Management Association of China (AMAC), it said in a statement, a prerequisite before a foreign firm is allowed to raise capital in that country. The fund management licence will allow Eastspring to offer wealthy individuals and institutional investors investment products covering equities, fixed income and multi-asset segments in the onshore market.

  • Reuters26 days ago

    Bank of England gives insurers wiggle room on capital rule

    The Bank of England (BoE) has given insurers more wiggle room in how they value assets on their books in volatile markets, a step the industry said could lead to savings on capital. The BoE's Prudential Regulation Authority (PRA) said it would make it easier for insurers to use the "dynamic volatility adjustment" tool that is part of the European Union's capital requirements for the sector. The dynamic "VA" tool aims to dampen the impact of short-term market swings on the price of assets held for the long term, which in turn would affect the amount of capital held to cover risks associated with those assets.

  • New rules to stop commercial property fire sales may be too little - Bank of England
    Reuters27 days ago

    New rules to stop commercial property fire sales may be too little - Bank of England

    New rules proposed by a British regulator to avoid fire sales of commercial real estate by open-ended investment funds may not be enough if the sector increases in size, the Bank of England said on Wednesday. Commercial real estate was the financial sector most hit by turbulence after June 2016's Brexit vote, as open-ended funds allow investors to withdraw money at short notice, but their assets such as office blocks are hard to sell in a hurry. In 2016, several funds had to block investors' ability to withdraw funds, and the Bank of England said their structure risked creating a domino-effect of property sales.

  • Reuters28 days ago

    Banks, insurers must have credible plans for climate change - BoE

    Britain's banks and insurers must come up with credible plans for protecting themselves against risks from climate change and may need to hold more capital, the Bank of England said on Monday. "Financial risks from climate change will be minimised if there is an orderly market transition to a low-carbon world, but the window for an orderly transition is finite and closing," the central bank said in a policy proposal document. Governor Mark Carney, who has put climate change issues on the BoE’s regulatory radar, said last month that lenders had failed to grasp the scale of the challenge.

  • Business Wirelast month

    Barry Stowe to Retire as Jackson National Life Insurance Chief Executive Officer

    Jackson National Life Insurance Company® today announced that Chief Executive Officer Barry Stowe will be retiring as of Dec. 31, 2018. Michael Falcon, who has been serving as chief executive officer of Asia Pacific for J.P. Morgan Asset Management since 2015, has been named his successor, subject to regulatory approval. Falcon will assume his new role effective Jan. 7, 2019.

  • Reuterslast month

    Prudential names Michael Falcon to lead North American business unit

    (Reuters) - Britain's largest listed insurer Prudential Plc (PRU.L) said it had appointed JP Morgan's (JPM.N) Asia asset management business boss Michael Falcon to lead its North American business unit, ...

  • Reuterslast month

    Prudential names Michael Falcon to lead North American business unit

    Britain's largest listed insurer Prudential Plc said it had appointed JP Morgan's Asia asset management business boss Michael Falcon to lead its North American business unit, effective Jan. 7. Falcon, who has two decades of senior experience in the savings and retirement industry, takes over as chairman and chief executive officer from Barry Stowe, who will retire at the end of this year. Prudential's North American business unit includes retirement income provider Jackson National Life Insurance Company, the investment adviser Jackson National Asset Management and the institutional asset manager PPM America.

  • Reuterslast month

    Prudential Plc eyes takeovers, bank distribution pacts in Asia

    Britain's largest listed insurer Prudential Plc is eager to make acquisitions in Asia and is eyeing distribution partnerships with banks in countries including Indonesia and Vietnam to boost growth, its Asia chief executive said. The plans underscore Asia's key role as a profit driver for the insurer, which is in the process of splitting itself into two. Higher sales in markets including China, Hong Kong, India, and Malaysia are guiding Prudential towards its goal of doubling the Asian business in size every five to seven years.

  • Business Wirelast month

    Jackson and State Farm® Announce New Marketing Alliance

    Jackson National Life Insurance Company® (Jackson®) and State Farm® today announced a new marketing alliance between the two firms. Beginning in the second half of 2019, authorized State Farm agents will begin offering a select group of Jackson’s variable annuity and fixed index annuity products. “We could not be more thrilled about the relationship we are building with State Farm and their dedicated agents,” said Barry Stowe, chief executive officer of Jackson Holdings LLC. “Jackson and State Farm are both committed to helping consumers prepare for the risks they may face in life, and that includes increasing their readiness for life after work.

  • Reuterslast month

    Prudential appoints Evans chair for M&G Prudential ahead of break-up

    (Reuters) - Britain's largest listed insurer, Prudential Plc (PRU.L) on Monday appointed Mike Evans as chair of M&G Prudential, its UK and Europe life insurance and asset management unit, as it prepares ...

  • Reuterslast month

    Markets watchdog to probe car and home insurance charges

    The Financial Conduct Authority (FCA) said on Friday the terms of reference for the market study would be published in a few weeks. "The general insurance market study we have announced today will help us examine the issues we have already identified in the market in more detail," FCA Chief Executive Andrew Bailey said, referring to concerns about higher prices for existing customers who renew their policies each year. Past market studies have also led to enforcement action.

  • Prudential, Sun Life among bidders for CBA's Indonesia insurance business-sources
    Reuters2 months ago

    Prudential, Sun Life among bidders for CBA's Indonesia insurance business-sources

    At least five insurers, including Britain's Prudential (PRU.L) and Canada's Sun Life (SLF.TO), have bid for Commonwealth Bank of Australia's (CBA) (CBA.AX) majority stake in an Indonesian insurance venture, people with knowledge of the process said. The stake sale, which could value the venture at between $250 million (£191 million) and $300 million, has also received second-round bids from insurer FWD Group, Singapore-listed Great Eastern Holdings (GELA.SI), and Indonesia's Sequis Life, three people said. Australia's biggest lender is selling its 80 percent stake in PT Commonwealth Life, which has a presence in 20 Indonesian cities with more than 500,000 individual and group customers, Reuters reported in January.

  • Reuters2 months ago

    Prudential, Sun Life among bidders for CBA's Indonesia insurance business-sources

    At least five insurers, including Britain's Prudential and Canada's Sun Life , have bid for Commonwealth Bank of Australia's (CBA) majority stake in an Indonesian insurance venture, people with knowledge of the process said. The stake sale, which could value the venture at between $250 million and $300 million, has also received second-round bids from insurer FWD Group, Singapore-listed Great Eastern Holdings, and Indonesia's Sequis Life, three people said.

  • Prudential Hires Goldman's Former Top Southeast Asia FIG Banker
    Bloomberg2 months ago

    Prudential Hires Goldman's Former Top Southeast Asia FIG Banker

    Prudential Plc’s Asian asset management arm has hired former Goldman Sachs Group Inc. dealmaker Edmund Lim, who previously led the bank’s Southeast Asia financial institutions group.

  • Moody's2 months ago

    Prudential Assurance Company Ltd -- Moody's assigns A3(hyb) ratings to Prudential plc's substitutable debts

    Moody's Investors Service has today assigned an A3(hyb) rating to the substitutable subordinated debts to be issued by Prudential Public Limited Company (Prudential plc, A2 senior unsecured debt, stable) under its MTN programme. Moody's says that the A3(hyb) ratings on the debts reflect (i) the combined financial strength of the operations that the group owns, notably its Asian and US operations, (ii) the subordinated ranking of the debts, (iii) their mandatory weak and optional coupon deferral mechanism, as well as (iv) the presence of an issuer substitution clause.

  • Business Wire2 months ago

    Jackson To Offer Annuities On Envestnet Insurance Exchange

    Jackson National Life Insurance Company® (Jackson®) today announced that it will offer its complete product suite of advisory annuities on the Envestnet Insurance Exchange, including Perspective Advisory II, Elite Access Advisory and MarketProtector Advisory. The new collaboration brings together a leading provider of annuities in the U.S. with a leading provider of intelligent systems for wealth management and financial wellness. Jackson believes advisors should be able to choose what is right for their clients without having to take on additional administrative burdens, so Jackson is working with Envestnet to make annuities easier to work with inside of a client’s portfolio.

  • The Wall Street Journal2 months ago

    [$$] Prudential Unit Raises $343 Million for First Energy Mezzanine Fund

    The unit, Prudential Capital Energy Partners, is sponsored by Prudential Capital Group, the private-capital arm of Prudential Financial Inc.’s global investment-management business.