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United States

Prudential Financial Inc (PRU.N)

PRU.N on New York Stock Exchange

105.59USD
18 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Prudential Financial expects common stock earnings per share in range of $10.15 to $10.65 for 2017
Thursday, 15 Dec 2016 10:45am EST 

Prudential Financial Inc : Board has authorized repurchase of up to $1.25 billion of its outstanding common stock during period from January 1, 2017 through Dec 31, 2017 . FY2017 earnings per share view $10.33 -- Thomson Reuters I/B/E/S .Prudential Financial Inc says will achieve common stock earnings per share in range of $10.15 to $10.65 for 2017.  Full Article

United Techn to reduce pension liabilities by $1.77 bln
Thursday, 6 Oct 2016 05:01pm EDT 

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 08:00am EDT 

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
Wednesday, 3 Aug 2016 04:18pm EDT 

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

Prudential announces pricing terms of tender offer
Thursday, 16 Jun 2016 08:45am EDT 

Prudential Financial Inc : Prudential announces pricing terms of tender offer for certain outstanding debt securities .Prudential announces pricing terms of tender offer for certain outstanding debt securities.  Full Article

Prudential announces tender offer for certain outstanding debt securities
Thursday, 2 Jun 2016 09:28am EDT 

Prudential Financial Inc : Commenced a tender offer to purchase for cash up to $500 million aggregate principal amount of notes . Prudential Financial, Inc announces tender offer for certain outstanding debt securities .Prudential Financial, Inc announces tender offer for certain outstanding debt securities.  Full Article

Prudential Financial sets qtrly dividend of $0.70 per share
Tuesday, 10 May 2016 04:18pm EDT 

Prudential Financial Inc :Sets quarterly dividend of $0.70 per share.  Full Article

Prudential Financial Inc and LeapFrog investments launch a partnership in Africa
Thursday, 21 Jan 2016 04:14pm EST 

Prudential Financial Inc and LeapFrog Investments:Says launch of a $350 million investment partnership to access high-growth markets in Africa.  Full Article

Prudential Financial declares quarterly dividend on common stock
Tuesday, 10 Nov 2015 04:18pm EST 

Prudential Financial Inc:Announces the declaration of a quarterly dividend of $0.70 per share of Common Stock.Payable on December 17, 2015, to shareholders of record at the close of business on November 24, 2015.  Full Article

Prudential Financial, Inc's advisory business, Prudential Real Estate Investors acquires luxury residential tower in Cambridge, Mass
Tuesday, 15 Sep 2015 11:03am EDT 

Prudential Real Estate Investors:Acquires Twenty|20, luxury residential tower in Cambridge, Mass from Canyon Partners Real Estate LLC.Terms of the transaction were not disclosed.  Full Article

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Prudential stops distribution of policy sold through Wells Fargo

U.S. insurer Prudential Financial Inc said on Monday it had suspended the distribution of a low-cost life insurance policy through Wells Fargo & Co , pending a review of how the product was sold by the bank.