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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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Prudential Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Prudential Financial's position in the market.

News
Prudential Financial Declares Quarterly Dividend on Common Stock
Rhea-AI Summary

Prudential Financial, Inc. (NYSE: PRU) declared a quarterly dividend of $1.30 per share of Common Stock, payable on June 13, 2024, to shareholders of record at the close of business on May 21, 2024. The company, with approximately $1.5 trillion in assets under management as of March 31, 2024, is a global financial services leader operating in the United States, Asia, Europe, and Latin America.

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Prudential Financial, Inc. Announces First Quarter 2024 Results
Rhea-AI Summary

Prudential Financial, Inc. reported a decrease in net income and adjusted operating income for the first quarter of 2024 compared to the year-ago quarter. The company's book value per Common share and assets under management increased, while capital returned to shareholders also rose. The positive momentum across businesses, strong net flows in PGIM, and sales growth in U.S. and International Businesses were highlighted by the Chairman and CEO. Prudential aims to become a global leader in providing access to investing, insurance, and retirement security.

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End-of-Day
1.65%
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earnings
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Prudential Financial empowers young changemakers with $15,000 each at Emerging Visionaries Summit
Rhea-AI Summary
Prudential Financial supports young changemakers by awarding $15,000 to five grand prize winners at the Emerging Visionaries Summit. The winners were among 25 students recognized for their efforts in addressing global challenges. The event was hosted by Hoda Kotb and Prudential's Chairman and CEO Charles Lowrey in Newark, New Jersey.
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-1.4%
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Equinix and PGIM Real Estate Enter Into $600 Million JV for First xScale® Data Center in the U.S.
Rhea-AI Summary
Equinix and PGIM Real Estate have formed a $600 million joint venture to develop and operate the first xScale data center in the U.S., located in Silicon Valley. The facility, known as SV12x, will provide over 28 MW of power capacity at full build out. This partnership expands Equinix's global xScale data center portfolio to more than $8 billion across 35 facilities, offering direct interconnection to over 10,000 customers.
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-2.61%
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Jennison Associates grows EMEA business with senior hires
Rhea-AI Summary
Jennison Associates, a part of Prudential Financial, Inc., has expanded its client portfolio management and institutional business development teams in London. The company, with $207 billion in assets under management worldwide, has hired Nick Samuels and Stephen Corr to enhance client relationships and institutional investor engagement in Europe, the Middle East, and Africa (EMEA). Samuels brings 25 years of investment experience, previously working at Redington and Schroders, while Corr, with 25 years of industry experience, joins from Baillie Gifford. Jennison plans to make additional strategic hires in the US and Asia.
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-1.23%
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Prudential Financial introduces new workplace insurance benefits that help support mental health and growing families
Rhea-AI Summary
Prudential Financial, Inc. announces offerings to help employees reduce out-of-pocket medical costs in Newark, NJ.
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-0.84%
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PGIM launches three Retirement Spending Funds for personalized spending goals
Rhea-AI Summary
PGIM, the investment management business of Prudential Financial, launches three retirement spending funds to help U.S. workers manage long-term investments with spending flexibility. The Funds aim to cater to retirees' unique spending goals and offer personalized asset allocation mix.
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0.49%
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Prudential Financial, Inc. to Announce First Quarter 2024 Earnings; Schedules Conference Call
Rhea-AI Summary
Prudential Financial, Inc. (NYSE: PRU) will release its first quarter 2024 earnings on April 30, 2024. The company's senior management will host a conference call on May 1, 2024, to discuss the results. Prudential, a global financial services leader with $1.4 trillion in assets under management, operates in the US, Asia, Europe, and Latin America.
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0.01%
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Somerset Announced Close of Reinsurance Transaction With Prudential
Rhea-AI Summary
Somerset Reinsurance closes a $12.5 billion reinsurance transaction with Prudential Financial, Inc., covering a significant portion of Prudential's guaranteed universal life policies. The transaction solidifies Somerset's position in providing risk management solutions and strengthens the long-standing relationship between the two companies.
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-0.95%
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Prudential Financial Completes Guaranteed Universal Life Block Reinsurance Transaction With Somerset Re
Rhea-AI Summary
Prudential Financial, Inc. (NYSE: PRU) has closed a reinsurance transaction with Somerset Re for a portion of its guaranteed universal life block. This move aligns with the company's strategy to lower market sensitivity and enhance capital efficiency, with financial impacts in line with previous expectations.
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Stock PRU logo
Prudential Financial, Inc.

NYSE:PRU

PRU Rankings

#301 Ranked by Market Cap
#3072 Ranked by Stock Gains
#727 Ranked by Dividends

PRU Stock Data

41.74B
357.89M
0.15%
58.43%
1.36%
Direct Life Insurance Carriers
Finance and Insurance
Link
United States of America
NEWARK

About PRU

for 140 years, prudential financial (nyse:pru) has helped people grow and protect their wealth. we offer individual and institutional clients a wide array of financial products and services. today, we are one of the world’s largest financial services institutions. we have over $1 trillion of assets under management as of september 30, 2015, and approximately $3.5 trillion of gross life insurance in force worldwide as of december 31, 2014. we have operations in the united states, asia, europe and latin america. we also have one of the most recognized and trusted brand symbols: the rock® , an icon of strength, stability, expertise and innovation. we measure our long-term success on our ability to deliver value for shareholders, meet customer needs, attract and develop the best talent in our industry, offer an inclusive work environment where employees can develop to their full potential, and give back to the communities where we live and work.