101.65 +1.44 (1.44%)
Pre-Market: 7:54AM EDT
|Bid||98.76 x 900|
|Ask||101.00 x 1800|
|Day's Range||98.72 - 100.52|
|52 Week Range||92.05 - 127.14|
|PE Ratio (TTM)||5.77|
|Earnings Date||Nov 7, 2018|
|Forward Dividend & Yield||3.60 (3.61%)|
|1y Target Est||118.87|
Prudential Financial named new executives, including a new chief financial officer, about a week after announcing its chief executive would step down.
A.M. Best has assigned a Long-Term Issue Credit Rating of “bbb” to the newly issued $1 billion 5.7% junior subordinated notes due 2048 of Prudential Financial, Inc. (PFI) (Newark, NJ) [NYSE: PRU]. The outlook assigned to this Credit Rating (rating) is stable. While this issuance is expected to have a modest short-term negative impact on PFI's financial leverage and interest coverage ratios, both remain within A.M. Best's guidelines for the organization's current ratings.
PGIM has named Kathy Sayko as its next chief inclusion and diversity officer, effective Sept. 12. Sayko will succeed Cathy Verhoff, who is retiring at the end of the year. PGIM, among the world’s top 10 asset managers with $1.2 trillion in assets under management as of June 30, 2018, is the global investment management business of U.S.-based Prudential Financial, Inc.
One-third of Americans do not have an accurate handle on the state of their own finances, thinking they are either better or worse off than they actually are, finds new research released by Prudential Financial, Inc. (NYSE: PRU). The company’s first-ever Financial Wellness Census™ also reveals a nation almost evenly split between people who are financially healthy and those who are struggling. “Our relationship with money can affect our physical health, stress levels and state of mind, family dynamics and even our performance at work,” says Stephen Pelletier, executive vice president and chief operating officer of Prudential’s U.S.-based businesses.
NYSE:PRU, senior unsecured debt at Baa1, positive) anticipated issuance of up to $1 billion of 30-year junior subordinated notes. The rating outlook for Prudential and its subsidiaries is positive. The issuance will likely increase Prudential's financial and total leverage and decrease its coverage metrics somewhat, but within Moody's rating expectations.
QMA continues to expand its investment platform with the addition of two new client portfolio managers, responsible for portfolio analysis and research for its Global Multi-Asset Solutions and Quantitative Equity teams. QMA is the quantitative equity and global multi-asset solutions business of PGIM, the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
Jim Cramer rattles off his take on callers' favorite stocks, including a streaming play that he's gotten wrong in the past.
Prudential Financial said CEO John Strangfeld will retire at the end of November and be succeeded by Charles Lowrey, chief operating officer of the company’s international businesses.
Dallas investment firm Prudential Capital Energy Partners has raised $343 million for its first fund to offer a unique kind of low-cost debt to oil and gas drillers.
Prudential Financial Inc. said Wednesday Chief Executive John Strangfeld will retire, effective Nov. 30, after about 10 years in the role. The insurer said Charles Lowrey, who has been chief operating officer since April 2014, will be the next CEO. Strangfeld will remain non-executive chairman until April 5, 2019, after which Lowrey will assume the role of chairman. Separately, the company said named Chief Financial Officer Robert Falzon as vice chairman, to succeed current Vice Chairman Mark Grier in December 2018. Grier, who joined the company as CFO in May 1995, will step down from the board of directors in August 2019. The stock was indicated fractionally lower in premarket trade. It has lost 15.1% year to date through Tuesday, while the SPDR S&P Insurance ETF has gained 3.8% and the S&P 500 has advanced 8.0%.
Prudential Financial, Inc. (NYSE:PRU) today announced that its Board of Directors has appointed Charles Lowrey as the company’s next CEO and member of the Board, effective December 1, 2018. Lowrey, who currently serves as executive vice president and chief operating officer, International Businesses of Prudential, will succeed John Strangfeld, who will retire as CEO on November 30, 2018.
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.
Prudential Capital Energy Partners has completed fundraising for its first energy mezzanine fund, Prudential Capital Energy Partners Fund I, L.P., closing at $343 million. Prudential Capital Energy Partners is the middle-market energy mezzanine fund business sponsored by Prudential Capital Group, the $81.4 billion private capital arm of PGIM, the $1 trillion global investment management businesses ...
Every investor in Prudential Financial Inc (NYSE:PRU) should be aware of the most powerful shareholder groups. Insiders often own a large chunk of younger, smaller, companies while huge companies tendRead More...
Reforms made in response to the bankruptcy of Lehman Brothers in 2008 won’t prevent a repeat, experts told MarketWatch.
Prudential (PRU) continues to gain from an expanded product offering, strong international presence and a robust capital position. However, rising expenses are a dampener.
For the second time this year, a real estate investor from Los Angeles has bought a Nashville apartment complex for a price ranking among the highest ever paid for that kind of property. IMT Capital LLC paid $73.2 million for the Broadstone Germantown apartment complex, according to newly filed public records. The building is immediately north of downtown Nashville in the fast-changing Germantown neighborhood, steps from the Nashville Sounds ballpark.
PGIM Global Short Duration High Yield Fund, Inc. , , a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended July 31, 2018.
Prudential Financial, Inc. (PRU) will host a conference for institutional investors and analysts in Tokyo, Japan, on Thursday, September 27, 2018, beginning at 8:30 a.m. local time (JST). Presenters at this conference will be members of management including senior management of Prudential’s International operations. The general public is invited to access a live webcast and presentation materials beginning on Thursday, September 27 at 8:30 a.m. JST (corresponding to 7:30 p.m., Eastern Time, on September 26) on the Investor Relations website at www.investor.prudential.com.
PGIM Short Duration High Yield Fund, Inc. and PGIM Global Short Duration High Yield Fund, Inc. declared today monthly distributions for September, October and November 2018.
Prudential Financial Inc is going straight to consumers with its insurance and investment products for the first time in its 143-year history, a move that follows rivals and startups which are already well established in the field. The direct-to-consumer service marks a sea change for Newark, New Jersey-based Prudential, the largest U.S. life insurance company by assets, managing $1.4 trillion, according to a filing. Prudential is also one the oldest U.S. insurance and investment companies, which has traditionally sold its products through a large network of advisers as well as employer-sponsored insurance and retirement plans.