PRU - Prudential Financial, Inc.
| Previous Close | 89.01 |
| Open | 89.32 |
| Bid | 88.71 x 800 |
| Ask | 91.00 x 800 |
| Day's Range | 88.99 - 90.27 |
| 52 Week Range | 75.61 - 106.64 |
| Volume | 2,988,449 |
| Avg. Volume | 2,181,818 |
| Market Cap | 35.81B |
| Beta (3Y Monthly) | 1.62 |
| PE Ratio (TTM) | 9.05 |
| EPS (TTM) | 9.84 |
| Earnings Date | Oct 30, 2019 |
| Forward Dividend & Yield | 4.00 (4.49%) |
| Ex-Dividend Date | 2019-08-19 |
| 1y Target Est | 100.06 |
- Zacks
MetLife Suffers Due to Low Interest Rate, Eyes Recovery
Low interest rates weigh on MetLife's (MET) investment income but various recovery measures help.
- Moody's
Prudential Insurance Company of America -- Moody's announces completion of a periodic review of ratings of Prudential Financial, Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Prudential Financial, Inc. New York, September 19, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Prudential Financial, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- Business Wire
Inclusion Initiative companies hit $1.6 billion cumulative spend with minority- and women-owned law firms
The Inclusion Initiative, a collaborative program among law departments at major corporations across the country, announced today that 31 member companies have spent more than $1.6 billion with MWBE law firms since the program’s inception in 2010. In addition, the initiative welcomed two new member companies, Honda and Walgreens, this year. “The Inclusion Initiative makes a meaningful, positive impact on the legal profession by encouraging members to make tangible commitments to hiring diverse firms, helping them to thrive in the market,” said Ann Kappler, senior vice president and deputy general counsel of Prudential Financial, Inc., a founding company of the Inclusion Initiative.
- Zacks
The Zacks Analyst Blog Highlights: Celgene, Sinopec, HSBC, Vertex Pharmaceuticals and Prudential Financial
The Zacks Analyst Blog Highlights: Celgene, Sinopec, HSBC, Vertex Pharmaceuticals and Prudential Financial
- GuruFocus.com
Weekly Top Insider Buys Highlight for the Week of Sept. 13
The largest Insider Buys this week were for Prudential Financial Inc. (PRU), Keurig Dr Pepper Inc. (KDP), DTE Energy Co. (DTE), and Halliburton Co. Continue reading...
- Business Wire
AM Best Assigns Issue Credit Rating to Prudential Financial, Inc.’s New Senior Unsecured Notes
AM Best has assigned a Long-Term Issue Credit Rating of “a-” to the newly issued senior unsecured notes of Prudential Financial, Inc. . The $1.5 billion 3.70% notes due March 13, 2051 were issued under PFI’s medium-term notes program.
- Barrons.com
Voya Stock Elbows Out Prudential as Goldman’s Top Insurance Pick
Voya’s retirement business, and specifically its 401(k) and 403(b) businesses, is better positioned for strong organic growth, says analyst Alex Scott.
- Business Wire
MEDIA ADVISORY: Leading global longevity experts convene in Washington, D.C. to talk importance of financial wellness in an aging society
The foremost minds on longevity from around the globe – including representation from industry, academia and government – are gathering in the nation’s capital this week to talk about the current assessment of longevity risk, market and government developments and the responses by pension funds and insurance companies to manage this risk.
- Thomson Reuters StreetEvents
Edited Transcript of PRU earnings conference call or presentation 1-Aug-19 3:00pm GMT
Q2 2019 Prudential Financial Inc Earnings Call
- GuruFocus.com
Prudential Financial Inc (PRU) EVP and Vice Chairman Robert Falzon Bought $300,648 of Shares
EVP and Vice Chairman of Prudential Financial Inc (30-Year Financial, Insider Trades) Robert Falzon (insider trades) bought 3,580 shares of PRU on 09/09/2019 at an average price of $83.98 a share. Continue reading...
- Zacks
Moving Average Crossover Alert: Prudential Financial
Prudential Financial, Inc. (PRU) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
- Business Wire
AM Best Comments on Credit Ratings of Prudential Financial, Inc. and Its Subsidiaries Following Its Announced Acquisition of Assurance IQ, Inc.
AM Best has commented that the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of “aa-” of the domestic life/health insurance subsidiaries of Prudential Financial, Inc. (Newark, NJ) [NYSE:PRU] (collectively referred to as Prudential), remain unchanged following the recent announcement by Prudential that it has agreed to acquire Assurance IQ, Inc. (Assurance). Assurance is a leading direct-to-consumer solutions platform for health and financial wellness needs. Concurrent with the announced deal, Prudential's board of directors also authorized a USD 500 million increase in its share repurchase program for 2019, bringing the full-year authorization to USD 2.5 billion.
- Simply Wall St.
What Is Prudential Financial, Inc.'s (NYSE:PRU) Share Price Doing?
Today we're going to take a look at the well-established Prudential Financial, Inc. (NYSE:PRU). The company's stock...
- Reuters
US STOCKS-Robust economic data, easing trade worries push Wall Street higher
U.S. stocks hit a one-month high on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong economic data eased concerns of a domestic slowdown. Earlier, China's Commerce Ministry said its trade team would lay the groundwork with their U.S. counterparts in mid-September for the October talks, providing relief for markets around the globe that have been bruised by the drawn-out trade war. Technology stocks provided the biggest boost to S&P 500, rising 1.72%, while financials jumped 1.96%, the most among the 11 major S&P sectors.
- Reuters
US STOCKS-Wall St gains on easing trade tensions, strong ADP jobs data
U.S. stocks rose on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while data showing strong job addition in the private sector allayed some slowdown concerns. China's Commerce Ministry said its trade team will lay the groundwork with their U.S. counterparts in mid-September for the October talks. "The resumption of trade talks is building enthusiasm that maybe some sort of deal, like suspension of tariffs for a while, might be in the works," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
- Reuters
Prudential buys Assurance IQ for $2.35 billion in new tech bet
Shares of Prudential, which have struggled in the year since Charles Lowrey took over as chief executive officer, rose 3% in morning trade on the news of the deal. Labelled "insuretech", Assurance and peers such as California-based Health IQ and Clover Health have drawn eyes over the past year with disruptive models that use data crunching and artificial intelligence to boost revenue and cut costs.
- Benzinga
Prudential Buys Assurance IQ For $2.35B
Prudential Financial, Inc. (NYSE: PRU ) will acquire Assurance IQ, Inc. for $2.35 billion plus an additional earnout of up to $1.15 billion in cash and equity, contingent upon Assurance achieving multi-year ...
- MarketWatch
Prudential paying $2.35 billion for online startup: WSJ
Prudential Financial Inc. has agreed to pay $2.35 billion for an online startup Assurance IQ, The Wall Street Journal reported, citing the company. The report said Prudential hopes the firm can help it sell life insurance to middle-class clients. Prudential said it would provide up to $1.15 billion in additional cash and equity if Assurance meets certain growth objectives, the report said.
- TheStreet.com
Prudential Financial Paying $2.35B for Insuretech Firm Assurance IQ - Report
Prudential Financial reportedly will pay $2.35 billion to acquire Assurance IQ as the giant life insurer seeks to sell to middle-class clients.
- Business Wire
PGIM Global High Yield Fund, Inc. reports unaudited earnings and financial position for quarter ended July 31, 2019
PGIM Global High Yield Fund, Inc. , , a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended July 31, 2019.
- GuruFocus.com
Warren Buffett's Market Indicator Remains Around 140%
Markets fall as new US-China tariffs take effect, yet valuations are still high Continue reading...
- Bloomberg
U.S. Manufacturing Gauge Contracts for First Time in Three Years
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. A key U.S. factory gauge unexpectedly contracted for the first time since 2016, sending stocks and bond yields lower and boosting expectations for interest-rate cuts as global manufacturing woes deepen.The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released Tuesday showed. Figures below 50 indicate the manufacturing economy is generally shrinking. The group’s gauge of new orders dropped to a more than seven-year low, while the production index hit the lowest since late 2015.The data add to concern a broader U.S. recession is coming and may complicate the re-election chances of President Donald Trump, whose pledges to revive manufacturing have been a signature issue. At the same time, Trump’s escalating tariffs on imports from China have been a major reason behind factory weakness that threatens to spread to consumer spending, which accounts for about two-thirds of the world’s largest economy.In the U.S. stock market, the ISM numbers torpedoed a morning rebound and left the S&P 500 poised for its worst loss in seven sessions, down as much as 1.2% to erase almost half of last week’s rally. The 10-year Treasury yield and the dollar fell.Traders of fed funds futures boosted the amount of easing they expect from the U.S. central bank this year, following a July 31 quarter-point cut that was the first since 2008. For the next Fed decision on Sept. 18, investors increased bets on a half-point reduction but continued to lean toward a quarter-point cut.“This piece of data is part of the puzzle that helps to push us into recession,” said Quincy Krosby, chief market strategist at Prudential Financial Inc. “The ramifications of the trade war show up in the euro zone, in Asia and now in the U.S. If the deterioration in the U.S. continues, it’s going to feed into the overall labor market.”What Bloomberg’s Economists Say“To be sure, economic anxiety related to tariffs and increasing trade tensions is extracting a significant toll on business confidence. However, there was limited direct evidence of tariffs creating upward price pressures or materials shortages in the details of the report. As such, the second-order impacts from the tariffs (i.e. confidence effects and currency appreciation) appear to be having the more substantial impact.”-- Carl Riccadonna, chief U.S. economistAlthough manufacturing only makes up about 11% of the U.S. economy, there are concerns that entrenched weakness -- and any layoffs that may result -- could filter through to the rest of the economy and endanger the record-long expansion.Transportation equipment was one of seven industries in the ISM report to report shrinking business activity last month. Automakers, which report their August sales on Wednesday, account for some of the slowdown. General Motors Co. has ceased production this year at a car plant in Ohio and transmission factory in Michigan, two of the four U.S. sites that it has said aren’t being allocated future product. Other automakers are reducing production shifts, including Nissan Motor Co., Fiat Chrysler Automobiles NV and Honda Motor Co.Weakness in the automotive and electronics markets is also impacting 3M Co.’s bottom line. Sales and profit at the diversified manufacturer fell in the second quarter even as earnings topped expectations. At Caterpillar Inc., a slowdown in crude extraction from the Permian Basin, the largest U.S. oil patch, is reducing demand for machinery. What’s more, the equipment maker’s worldwide machine sales in June and July were up 4%, the slowest in two years.Manufacturing is technically already in a recession in the U.S. with a Fed measure of output declining in two consecutive quarters. The malaise is consistent with developments in the sector around the world. By one measure, global factory activity has contracted for four straight months.The ISM’s measure of new orders, which are tracked by some as a leading indicator of a downturn, declined to 47.2. It was the first time since December 2015 that the gauge fell below 50. ISM’s production gauge also sank below that mark, to 49.5 in August from 50.8.The slump in demand and output spilled over into the labor market as the ISM’s gauge of factory employment fell to 47.4, the lowest level since March 2016. That suggests this Friday’s employment report will show weakness in August manufacturing payrolls, which were surprisingly solid the previous two months.“It confirms that the weakness that we’ve been seeing for a number of months now on the global front and on the tariff front is really washing up to the U.S. shores,” said Gregory Daco, chief U.S. economist at Oxford Economics. “What’s important here is that it’s not just the current conditions that have deteriorated quite sharply but also the forward-looking components.”A measure of export orders, a proxy of overseas demand, sank to 43.3, the lowest reading since April 2009 during the depths of the last recession.A separate factory PMI from IHS Markit came in at 50.3 on Tuesday, showing manufacturing was barely expanding. Economists and investors tend to more closely follow the ISM report, which dates to 1931.The “shock effect” of the latest ISM report “adds to recession fears, and the components were also pretty weak,” said Jim Paulsen, chief investment strategist at the Leuthold Group, in an interview. “This does confirm that we’re not bottoming out yet in manufacturing in this country, and that’s significant.”(Adds companies in eighth and ninth paragraphs)\--With assistance from Chris Middleton, Elena Popina, Vildana Hajric and David Welch.To contact the reporter on this story: Reade Pickert in Washington at epickert@bloomberg.netTo contact the editors responsible for this story: Scott Lanman at slanman@bloomberg.net, Vince GolleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Yahoo Finance Video
Most workers want to stay at their jobs says new study
Prudential Vice Chair Robert Falzon joins Yahoo Finance's Julie Hyman and Adam Shapiro and BNY Mellon's Alicia Levine to discuss the findings of Prudential's new workplace study.
