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Prudential Financial Inc. - PRU STOCK NEWS

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

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
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.61%
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none
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News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.23%
Tags
management
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News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
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none
News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
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none
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News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.01%
Tags
earnings
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News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
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none
News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
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none
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News
PGIM Investments Wins 2024 LSEG Lipper Group Award for Mixed Assets
Rhea-AI Summary
PGIM Investments receives multiple 2024 LSEG Lipper Fund Awards, including the U.S. Group Award for Mixed Assets. Stuart Parker, President and CEO, expresses gratitude for the recognition of strong investment performance. Several PGIM funds also receive awards for outstanding performance in various asset classes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.97%
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none
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News
AM Best Assigns Issue Credit Rating to Prudential Financial, Inc.’s New Junior Subordinated Notes
Rhea-AI Summary
AM Best assigns a 'bbb' Long-Term Issue Credit Rating to Prudential Financial, Inc.'s $1 billion fixed-rate notes. The outlook is stable. Proceeds will be used for general corporate purposes, including debt redemption. Prudential's liquidity is strong, with $4.1 billion in liquid assets. Full-year 2023 pre-tax adjusted operating income was $5.5 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
none
News
Prudential and RGA entrusted to fulfill $5.9 billion in pension promises for Verizon
Rhea-AI Summary
Prudential Financial, Inc. announces the acquisition of Assurance IQ, Inc., a leading digital consumer solutions platform. The deal is valued at $2.35 billion, aiming to enhance Prudential's ability to reach customers digitally and expand its offerings. The acquisition is expected to be accretive to EPS and ROE by 2022, providing significant growth opportunities for Prudential.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
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Stock PRU logo
Prudential Financial Inc.

Nasdaq:PRU

PRU Rankings

#312 Ranked by Market Cap
#3072 Ranked by Stock Gains
#693 Ranked by Dividends

PRU Stock Data

39.42B
357.89M
0.15%
58.43%
1.36%
Direct Life Insurance Carriers
Finance and Insurance
Link
United States
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.