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Prudential Financial Inc (PRU.N)

PRU.N on New York Stock Exchange

95.07USD
13 Jul 2018
Change (% chg)

$-0.23 (-0.24%)
Prev Close
$95.30
Open
$94.86
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$94.51
Volume
394,129
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585,309
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$127.02
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Latest Key Developments (Source: Significant Developments)

Unum To Acquire Poland-Based Pramerica Życie
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Unum Group ::UNUM TO ACQUIRE POLAND-BASED PRAMERICA ŻYCIE.UNUM TO ACQUIRE POLAND-BASED PRAMERICA ŻYCIE.SAYS DEAL ‍EXPECTED TO BE NEUTRAL TO ACCRETIVE TO UNUM'S EARNINGS PER SHARE IN 2018​.SAYS ‍TERMS OF SALE WERE NOT DISCLOSED​.SAYS‍ ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE PRAMERICA ŻYCIE TUIR SA FROM A SUBSIDIARY OF PRUDENTIAL FINANCIAL​.SAYS DEAL WILL NOT ALTER UNUM'S EARNINGS OR CAPITAL MANAGEMENT OUTLOOK FOR 2018​.  Full Article

Prudential Short Duration High Yield Fund, Inc. Reports Unaudited Earnings For Quarter Ended November 30
Wednesday, 10 Jan 2018 

Jan 9 (Reuters) - Prudential Short Duration High Yield Fund Inc ::PRUDENTIAL SHORT DURATION HIGH YIELD FUND, INC. REPORTS UNAUDITED EARNINGS AND FINANCIAL POSITION FOR QUARTER ENDED NOVEMBER 30, 2017.PRUDENTIAL SHORT DURATION HIGH YIELD FUND INC - NET ASSET VALUE PER SHARE FOR QUARTER ENDED NOV 30, 2017 $16.55 VERSUS $16.67 FOR QUARTER ENDED NOV 30, 2016 ‍​.PRUDENTIAL SHORT DURATION HIGH YIELD FUND-NET INVESTMENT INCOME PER SHARE OUTSTANDING FOR QUARTER ENDED NOV 30 $0.27 VERSUS $0.30 FOR QUARTER ENDED NOV 30, 2016‍​.  Full Article

Prudential Financial Sees EPS In Range Of $11.20 To $11.70 For 2018‍​
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Prudential Financial Inc ::SAYS EXPECTATION THAT CO WILL ACHIEVE COMMON STOCK EARNINGS PER SHARE IN THE RANGE OF $11.20 TO $11.70 FOR 2018‍​.PRUDENTIAL FINANCIAL INC FY2018 EARNINGS PER SHARE VIEW $11.40 -- THOMSON REUTERS I/B/E/S.SEES SHARE REPURCHASES OF $1.5 BILLION IN 2018 - SEC FILING.  Full Article

Prudential Financial Elects To Increase 2047 And 2049 Notes Cap Of Its Private Exchange Offers
Thursday, 7 Dec 2017 

Dec 6 (Reuters) - Prudential Financial Inc ::PRUDENTIAL FINANCIAL, INC. ANNOUNCES PRICING TERMS AND ELECTION TO INCREASE THE 2047 NOTES CAP AND THE 2049 NOTES CAP OF ITS PRIVATE EXCHANGE OFFERS OF CERTAIN OUTSTANDING NOTES FOR NEW NOTES.PRUDENTIAL FINANCIAL - ALSO ELECTED TO INCREASE AGGREGATE PRINCIPAL AMOUNT OF NEW 2047 NOTES TO BE ISSUED IN POOL 1 OFFERS FROM $650 MILLION TO $895.8 MILLION.PRUDENTIAL FINANCIAL - ALSO ELECTED TO INCREASE AGGREGATE PRINCIPAL AMOUNT OF NEW 2049 NOTES TO BE ISSUED IN POOL 2 OFFERS TO $1.04 BILLION FROM $650 MILLION.  Full Article

Prudential Financial reports Q3 adjusted operating earnings per share of $3.01
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - Prudential Financial Inc ::Prudential Financial Inc announces third quarter 2017 results.Q3 adjusted operating earnings per share $3.01.Q3 earnings per share $5.09.Q3 earnings per share view $2.71 -- Thomson Reuters I/B/E/S.Assets under management amounted to $1.366 trillion at September 30, 2017, compared to $1.264 trillion at December 31, 2016‍​.  Full Article

Prudential Financial says ‍as of Sept 30, 2017 assets under management were $1.134 trillion
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Prudential Financial Inc :Prudential Financial Inc - ‍as of September 30, 2017, assets under management of asset management segment were $1.134 trillion - SEC filing​.  Full Article

Prudential Financial reports 10.1 pct passive stake ​in La Jolla Pharmaceutical
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - La Jolla Pharmaceutical Co ::Prudential Financial Inc reports 10.1 percent passive stake ​in La Jolla Pharmaceutical Co as of Sept 30 - sec filing ‍.  Full Article

United Techn to reduce pension liabilities by $1.77 bln
Friday, 7 Oct 2016 

United Technologies Corp : Announced two related actions that are expected to reduce overall size of its pension obligations by approximately $1.77 billion. . United technologies retirees,beneficiaries included in this group will not see any reduction in monthly payments . United technologies expects approximately 10,000 participants to take lump sum offer . Transactions to not diminish plans' funded status,not expected to materially impact future pension expense or require additional contributions . Pension benefit program gives some former workers option to take one-time lump sum instead of future monthly pension payments . United technologies to reduce pension liabilities . Will transfer approximately $775 million of its outstanding pension benefit obligations to prudential insurance company of america . Also implemented program offering certain former u.s. Employees or beneficiaries with a vested pension benefit . Vested pension benefit action expected to reduce co's pension benefit obligations by approximately $995 million by year-end 2016 .Expects to recognize a one-time pretax pension settlement charge in range of $400 million to $530 million in q4 of 2016.  Full Article

SL Green and PGIM form joint venture for ownership of eleven madison avenue
Thursday, 11 Aug 2016 

Sl Green Realty Corp : Sold a 40% interest in eleven madison avenue, to pgim real estate, real estate investment business of pgim, inc . Transaction values property at $2.6 billion, inclusive of costs associated with lease stipulated improvements to property . Realized cash proceeds of approximately $480 million at closing, which will be used for debt reduction and other investment opportunities . Pgim real estate has a one-year option to acquire an additional 9% stake in venture at same gross property valuation of $2.6 billion .Sl green and pgim real estate form joint venture for ownership of eleven madison avenue.  Full Article

Prudential Financial reports Q2 adj operating earnings per share $1.84
Thursday, 4 Aug 2016 

Prudential Financial Inc : Q2 adjusted operating earnings per share $1.84 . Q2 earnings per share view $2.50 -- Thomson Reuters I/B/E/S . Q2 sales $8.1 billion . Prudential financial, inc. Announces second quarter 2016 results . Q2 earnings per share $2.04 . Retirement segment reported adjusted operating income of $236 million for current quarter, compared to $237 million in year-ago quarter . Assets under management amounted to $1.268 trillion at june 30, 2016, compared to $1.184 trillion at december 31, 2015 . Qtrly net income included pre-tax benefit from reserve updates,among others of $590 million for ongoing businesses . U.S. Retirement solutions and investment management division reported adjusted operating income of $870 million for q2 of 2016 . Qtrly net income includes benefit of 88 cents/share, adjusted operating income includes a net unfavorable impact of about 62 cents/share .U.S. Retirement solutions and investment management division reported adjusted operating income of $870 million for q2 of 2016, versus. $981 million.  Full Article

BRIEF-Prudential and PIC reach sixth longevity reinsurance agreement amid surging demand for pension de-risking

* PRUDENTIAL AND PIC REACH SIXTH LONGEVITY REINSURANCE AGREEMENT AMID SURGING DEMAND FOR PENSION DE-RISKING