Prudential Finl Stock Price, News & Analysis

PGIM, Prudential Financial's (NYSE: PRU) $1.38 trillion investment management arm, released new research showing globalization has split into two distinct tracks. Despite recent trade tensions, approximately 75% of the global economy remains on a 'fast track' of globalization, while a smaller but critical segment is experiencing deglobalization.

The research, titled 'A New Era of Globalization,' reveals that about 80% of global trade occurs outside U.S. borders. Key investment opportunities exist in:

• AI and advanced semiconductors, with companies like TSMC diversifying geographically
• Electric vehicles, with Tesla and BYD expanding into new markets
• U.S.-Mexico border industrial real estate benefiting from near-shoring
• Metals and minerals, particularly copper mining companies

The study identifies promising near-shoring destinations including Chile, Peru, Brazil, Australia, India, Vietnam, Poland, Czechia, and Morocco, each offering specific advantages in manufacturing, minerals, or strategic industries.

PGIM Fixed Income, managing $837 billion in assets, announces the return of Daleep Singh as vice chair, chief global economist and head of global macroeconomic research, effective April 21, 2025. Singh rejoins after serving as U.S. deputy national security advisor for international economics and deputy director of the National Economic Council from February 2024 to April 2025, a role he previously held between February 2021 and June 2022.

Reporting to Gregory Peters, co-chief investment officer, Singh will oversee the global macroeconomic research team and assume executive responsibilities, including building the firm's global brand. His experience includes positions as executive vice president at the New York Fed, acting assistant secretary for Financial Markets at the U.S. Treasury Department, and eight years at Goldman Sachs focusing on U.S. interest rates and emerging markets.

PGIM Investments has secured nine 2025 LSEG Lipper Fund Awards, marking its 15th consecutive year of receiving these prestigious recognitions. The awards acknowledge the firm's consistent strong risk-adjusted performance across multiple asset classes.

The winning funds span diverse categories including:

• PGIM Absolute Return Bond Fund (R6)
• PGIM Securitized Credit Fund (Z)
• PGIM Jennison Natural Resources Fund (R6)
• PGIM Select Real Estate Fund (R6)
• PGIM Real Estate Income Fund (Z)
• PGIM U.S. Real Estate Fund (R6)
• PGIM Jennison Health Sciences Fund (R6)
• PGIM Real Assets Fund (R6)

Under the leadership of Stuart Parker, President and CEO, PGIM Investments currently manages over 70 actively managed mutual funds and 45+ ETFs across fixed income, equity, alternatives, and multi-asset class solutions.

AM Best has assigned an 'a-' (Excellent) Long-Term Issue Credit Rating to Prudential Financial's $750 million senior unsecured medium-term notes, due 2035, with a 5.2% interest rate. The outlook is stable.

The company plans to use the proceeds for general corporate purposes, including refinancing medium-term notes maturing through 2026. While debt leverage is expected to increase slightly in the medium term, it should return to pre-issuance levels after 2026.

Financial highlights include:

• Parent company holds $4.6 billion in highly liquid assets (year-end 2024)
• Full-year 2024 pre-tax adjusted operating income: $5.9 billion
• Net income attributable to PFI: $2.7 billion
• Global asset management business contributed $875 million in fee-based pre-tax earnings

PGIM Private Capital, the private capital arm of Prudential Financial (NYSE: PRU), provided $14.9 billion of senior debt and junior capital to over 238 middle-market companies globally in 2024. The financing included $10.5 billion in investment-grade investments, $3.9 billion in below-investment-grade investments, and $574 million in mezzanine and private equity investments.

The company added 116 new issuers and supported 122 existing borrowers, deploying $10.1 billion in Corporate investments across multiple regions and $4.7 billion in real assets sectors. Their Direct Lending platform executed over $2.5 billion across 60 transactions, while the Real Assets platform originated $3.1 billion in energy and power, $1.2 billion in infrastructure, and $381 million in credit tenant lease transactions.

Prudential Financial (NYSE: PRU) has expanded its strategic partnership with Workday Inc. through its Group Insurance business joining Workday Wellness, an AI-powered solution for employee benefits. The collaboration aims to enhance PruExchange's connectivity capabilities, enabling more efficient connections with nearly 200 mutual clients.

The partnership leverages data and AI technology to help employers customize their benefits programs. Key features include improved data-sharing capabilities, smoother onboarding and enrollment processes, and faster deployment of Prudential products to Workday customers. The integration with Workday Wellness will provide employers with real-time, AI-driven insights into employee benefits experiences, enabling more informed decisions about benefits and wellness offerings.

Prudential Financial (NYSE: PRU) has appointed Pat Hynes as the new president of Prudential Advisors, effective March 31, 2025. As president, Hynes will lead the company's retail and advice division, which includes over 2,800 financial advisors serving more than 3.5 million American families.

Hynes, currently head of sales for Prudential Advisors, brings more than 25 years of strategic leadership experience in financial services. He previously served as president of Pruco Securities and held various executive positions including territory vice president and vice president of business development. The appointment comes as part of Prudential's focus on enhancing advisor and client experience for growth.

Brad Hearn, the current president of Prudential Advisors, will transition to become president and chief operating officer-elect of Prudential Holdings of Japan on the same date.

CIM Group has closed a $57.5 million whole loan to Creation Equity and PGIM Real Estate for refinancing a four-building industrial property portfolio in Northwest Houston. The portfolio, completed in May 2024, comprises 533,000 square feet across two locations: Houston Point 290 (three buildings at 9210 Highway 6 N) and Cypress Creek Distribution Center (at 9580 Cypress Creek Parkway).

The properties feature modern industrial specifications including 32-foot clear heights, truck courts, drive-in doors, and 593 parking spaces. Three buildings are designed as rear-loading facilities, offering efficient layout and improved aesthetics. The portfolio's strategic location near the Port of Houston, bounded by Route 6 and Route 290, positions it in one of the fastest-growing U.S. port operations areas.

Prudential Financial (NYSE: PRU) has launched OneLeave, a comprehensive solution designed to streamline workplace leave and disability management. The new platform combines Prudential's existing capabilities into a unified, user-friendly experience.

OneLeave offers several key features: an event-based intake system, single claim number, and one point of contact for all leave types, including supplemental health benefits. Employees can access real-time information about their leaves through multiple channels and receive proactive support from experts including vocational rehab specialists and medical professionals.

The platform includes OneLeave Explorer™, powered by Penguin Benefits, which helps employees estimate leave entitlements and create personalized leave plans across various programs. For employers, OneLeave provides enhanced technology, analytics, and consultative services to manage absences effectively, including support for navigating state paid-leave regulations.