Prudential Finl Stock Price, News & Analysis

PGIM Investments' recent survey of over 500 financial advisors reveals a significant reliance on active management strategies, with 62% allocating client assets actively. Advisors are increasingly using active management to meet investment objectives, particularly in volatile markets. Key findings include a preference for active strategies to access emerging markets, protect against declines, and achieve reliable income. The impact of COVID-19 on portfolio construction is prominent, with 76% of advisors indicating its influence. The survey highlights a shift towards more ETFs and ESG strategies in the coming years.

Prudential Financial, Inc. (NYSE: PRU) has announced its sponsorship of USA Climbing, celebrating American athletes in the sport's Olympic debut. This partnership aims to support training and travel for athletes, enhancing their global presence. Prudential's chief marketing officer emphasized the synergy between climbing and the company's values of strength and resilience. The initiative also aims to introduce climbing to diverse communities and promote participation among all ages. Prudential's iconic Rock symbol aligns with its commitment to financial security and resilience.

Prudential Financial, Inc. (NYSE: PRU) declared a quarterly dividend of $1.15 per share, payable on September 16, 2021. Shareholders of record will be those on the books by the close of business on August 24, 2021. With over $1.5 trillion in assets under management as of June 30, 2021, Prudential continues to solidify its position as a global financial services leader, operating across the U.S., Asia, Europe, and Latin America, and is committed to enhancing financial opportunities for individuals.

Prudential Private Capital has provided $60 million in senior secured notes to Rougaroux Power Holdings, LLC, owner of a significant 192-megawatt hydroelectric project in Louisiana. This investment aligns with Prudential's strategy to support real asset investments, having allocated nearly $900 million across energy and power in the first half of 2021. The firm has a strong history with Rougaroux, dating back to 1990. Prudential Private Capital manages nearly $98 billion in assets under management (AUM) across various sectors globally.

Prudential Financial, Inc. (NYSE: PRU) reported significant financial recovery in Q2 2021, posting a net income of $2.158 billion ($5.40 per share), compared to a net loss of $2.409 billion ($6.12 per share) in Q2 2020. The after-tax adjusted operating income also rose to $1.514 billion ($3.79 per share), up from $740 million ($1.85 per share) during the same quarter last year. These results indicate a positive turnaround and improved profitability for the company.

Prudential Financial, Inc. (NYSE: PRU) plans to redeem $700 million of its 3.500% Medium-Term Notes, Series D, due May 15, 2024, and $210 million of its 3.878% Medium-Term Notes, Series E, due March 27, 2028, on August 30, 2021. This move aims to reduce financial leverage and enhance flexibility. The redemption price will be at the greater of 100% of the principal or the discounted value plus specified basis points, alongside accrued interest. Following this, Prudential anticipates a $90 million charge and a $30 million reduction in annual pre-tax interest expense.

Prudential Financial, Inc. (NYSE: PRU) will join the UBS 2021 Financial Services Conference on August 10, 2021. Vice Chairman Robert Falzon will engage in an analyst-led fireside chat at 11:00 a.m. ET. Interested listeners can access the live audio webcast via Prudential’s Investor Relations site, and are advised to log in 15 minutes early for setup. A replay of the discussion will be available until August 24, 2021. Prudential, managing over $1.5 trillion in assets, has a global presence and is recognized for its commitment to financial opportunity.

Prudential Financial, Inc. (NYSE: PRU) has launched a new commercial campaign titled 'Who’s Your Rock?' during the Tokyo Olympics opening ceremony. This initiative aims to re-emphasize Prudential's iconic Rock symbol, representing financial strength and resilience, especially post-pandemic. A survey revealed that 68% of Americans are concerned about their financial futures. The campaign promotes Prudential's financial solutions and their partnership with the USA Climbing team, which aligns with their focus on strength and performance. The campaign runs nationally and internationally through December.