Prudential Financial Inc. - PRU STOCK NEWS

PGIM, the $1.2 trillion global investment management business of Prudential Financial, has launched four actively managed exchange-traded funds (ETFs) — the PGIM Jennison International Opportunities ETF (PJIO), PGIM Jennison Better Future ETF (PJBF), PGIM Jennison Focused Mid-Cap ETF (PJFM), and the PGIM Short Duration High Yield ETF (PSH). With these launches, PGIM now offers a range of 14 actively managed ETFs across equity and fixed income asset classes. The new equity ETFs are subadvised by Jennison Associates and aim for long-term growth of capital with concentrated, high-conviction portfolios. The PGIM Jennison International Opportunities ETF (PJIO) focuses on non-U.S. companies in the early stages of accelerating growth. The PGIM Jennison Better Future ETF (PJBF) invests in companies anticipated to help address social and environmental challenges. The PGIM Jennison Focused Mid-Cap ETF (PJFM) invests in medium-sized companies diversified across industries and sectors. The PGIM Short Duration High Yield ETF (PSH) seeks total return through a combination of current income and capital appreciation, investing in a diversified portfolio of shorter-duration high yield fixed income securities that are rated below investment grade.

AM Best affirms Prudential Financial, Inc.'s (PRU) life/health insurance subsidiaries with FSR of A+ (Superior) and Long-Term ICRs of 'aa-' (Superior). Prudential's balance sheet strength, operating performance, business profile, and enterprise risk management are very strong. The outlook is stable.

Prudential Financial, Inc. (PRU) will participate in the Goldman Sachs 2023 US Financial Services Conference on December 5, 2023. Charles Lowrey, chairman and CEO, will engage in an analyst-led fireside chat. Prudential is a global financial services leader with approximately $1.4 trillion in assets under management as of September 30, 2023, operating in the United States, Asia, Europe, and Latin America. The company aims to expand access to investing, insurance, and retirement security.

PRU: PGIM Hires Sancia Dalley as Managing Director in Office of Diversity, Equity & Inclusion

Wood Partners (WDP) and PGIM Real Estate Announce Opening of Alta Town Center in Raleigh, North Carolina. The grand opening celebration is set for June 27, offering convenient proximity to major roads, retail, and dining options. Alta Town Center offers 336 apartment homes with luxurious amenities and attractive community features.

Prudential Financial, Inc. (NYSE: PRU) declares $1.25 quarterly dividend per share of Common Stock, payable on December 14, 2023, to shareholders of record at the close of business on November 21, 2023. With approximately $1.4 trillion in assets under management as of September 30, 2023, Prudential is a global financial services leader with operations in the United States, Asia, Europe, and Latin America.

Global labor markets are undergoing significant structural changes that will lead to future labor shortages, inflation, and headwinds to economic growth, according to research from PGIM. The combined effects of aging populations, the rise of AI, and the pushback on globalization will have a major impact on growth and inflation worldwide. PGIM identifies four forces driving these changes: demographic trends, structural mismatches in labor demand and supply, the automation of AI, and the impact of fraying globalization on labor patterns. The report also highlights the challenges and opportunities for regional leaders in the new era of labor markets.

Prudential Financial, Inc. reported a net loss of $802 million ($2.23 per share) for the third quarter of 2023, compared to a net loss of $92 million ($0.26 per share) in the year-ago quarter. After-tax adjusted operating income was $1.266 billion ($3.44 per share) for the third quarter of 2023, compared to $896 million ($2.37 per share) in the year-ago quarter. Assets under management were $1.361 trillion, and book value per share was $70.82.

JLL's Capital Markets group has secured $869 million in financing for a 25-property industrial portfolio in the US. The portfolio is fully leased and located in 13 major industrial markets.