STOCK TITAN
  1. Home
  2. News
  3. PRU

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
Prudential assumes $4.9 billion in pension obligations for 21,500 Shell U.S. retirees
Rhea-AI Summary
Prudential Financial, Inc. (NYSE: PRU) closed a pension risk transfer transaction with Shell USA, Inc. for $4.9 billion in pension obligations, marking the first jumbo transaction of 2024 in the U.S. pension risk transfer market. This deal underscores the continued momentum in the market and highlights Prudential's strong position in managing pension risk. The transaction is expected to have a positive impact on Prudential's financials, demonstrating the company's ability to secure large-scale deals and solidify its presence in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.55%
Tags
none
-
News
Prudential Announces Group Insurance Leadership Transition
Rhea-AI Summary
Prudential Financial, Inc. (NYSE: PRU) announced that Mike Estep will succeed Yanela Frias as president of its Group Insurance business following Frias’ appointment as Prudential’s CFO. The change is effective March 15, 2024. Estep will report to Caroline Feeney, head of Prudential’s U.S. Businesses. Since joining Prudential as head of product for Group Insurance in 2022, Estep has led all aspects of product strategy, including the development of a strategic roadmap for Group’s current and future product portfolio with a focus on customer relevancy and sustainable, profitable growth. Jess Gillespie will succeed Estep as head of product for Group Insurance. Over her more than 20-year career at Prudential, Gillespie has held leadership positions spanning strategic partnerships, national accounts, and distribution. Both promotions are indicative of the value of their contributions to the organization and the progress made toward the vision of becoming a global leader in expanding access to investing, insurance, and retirement security.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.55%
Tags
management
-
News
Prudential Announces Chief Financial Officer Transition
Rhea-AI Summary
Prudential Financial, Inc. (NYSE: PRU) has announced the appointment of Yanela Frias as the new executive vice president and CFO, effective March 15, 2024, succeeding Ken Tanji. Frias, who has nearly three decades of experience with the company, will join the executive leadership team and report to Robert Falzon, vice chair of Prudential. Tanji will remain with the company through Sept. 30, 2024, to ensure a smooth transition. The company expressed gratitude for Tanji's 35 years of distinguished service and highlighted Frias' extensive finance, operations, and leadership experience. Frias has held senior leadership positions across finance, operations, and Prudential’s Insurance and Retirement businesses, and has a proven track record of leading large, complex organizations. Her appointment is part of Prudential's strategy to become a higher-growth, less market-sensitive, and more nimble company, aiming to create lasting value for customers, shareholders, and employees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.55%
Tags
none
News
Prudential Financial, Inc. Announces 2023 Results(1)
Rhea-AI Summary
Prudential Financial, Inc. (PRU) reported a net income of $2.488 billion or $6.74 per Common share for 2023, compared to a net loss of $1.647 billion or $4.49 per share for 2022. After-tax adjusted operating income was $4.286 billion or $11.62 per Common share for 2023, versus $3.914 billion or $10.31 per share for 2022. Assets under management were $1.450 trillion, and the company's Board of Directors authorized the repurchase of up to $1.0 billion of outstanding Common Stock during 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.55%
Tags
none
-
News
Retirement Confidence for American Workers Has Been Low Since 2022, According to New PGIM RetireWell™ Confidence Index
Rhea-AI Summary
PGIM, the investment management business of Prudential Financial, Inc., reports that retirement and financial confidence have been below average since Q2 2022. The gap between financial and retirement confidence has widened significantly since the start of 2022, indicating potential investor worry despite feeling secure in their investments today.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.47%
Tags
none
-
News
PGIM, UNCF Study Finds Private HBCU Endowments Need Investment Support
Rhea-AI Summary
A joint study by UNCF and PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), highlights the challenges faced by Historically Black colleges and universities (HBCUs) in growing their endowments. The study aims to explore how the asset management industry can collaborate with HBCUs to optimize investment returns for long-term growth. The research emphasizes the limited resources of private HBCUs compared to non-HBCUs, affecting their ability to manage risk and make asset allocation decisions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
none
News
Prudential launches SimplyIncome for workplace retirement plans on Fidelity Investments™ platform
Rhea-AI Summary
Prudential Financial, Inc. has announced a collaboration that will expand access to retirement security for over 100,000 plan participants. The partnership aims to provide better financial opportunities for a large number of individuals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
none
-
News
Rutgers Athletics has a new partner on the bench: Prudential Financial
Rhea-AI Summary
Prudential Financial, Inc. signs a partnership with Rutgers University's men’s and women’s basketball teams, providing access to financial education and funded investment accounts for student-athletes. Prudential advisors will offer consultations and seminars, aiming to improve financial literacy and long-term wealth management for young athletes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.01%
Tags
none
-
News
Prudential Financial, Inc. to Announce Fourth Quarter 2023 Earnings; Schedules Conference Call
Rhea-AI Summary
Prudential Financial, Inc. (NYSE: PRU) will release its fourth quarter 2023 earnings on Tuesday, February 6, 2024, after the market closes. The company's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential is a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of September 30, 2023, operating in the United States, Asia, Europe, and Latin America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.19%
Tags
earnings
News
PGIM launches two Buffer ETF series
Rhea-AI Summary
PGIM, the $1.2 trillion global investment management business of Prudential Financial, has launched two new buffer ETF series, the PGIM U.S. Large-Cap Buffer 12 ETF series and the PGIM U.S. Large-Cap Buffer 20 ETF series, listed on the Cboe BZX. The ETFs aim to provide potential downside risk protection with 12% and 20% buffer options, offering investors exposure to the S&P 500 Index with a limited downside buffer against losses over a one-year target outcome period. The ETFs are attractively priced at a 0.50% net expense ratio, making them the lowest cost one-year target outcome buffer ETFs in the marketplace.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
none
Stock PRU logo
Prudential Financial Inc.

NYSE:PRU

PRU Rankings

#308 Ranked by Market Cap
#3072 Ranked by Stock Gains
#702 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.