Key Developments: Prudential Financial Inc (PRU)

PRU on New York Consolidated

89.80USD
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Prudential Financial Inc gives FY 2015 EPS guidance in line with analysts' estimates - Conference Call
Thursday, 11 Dec 2014 11:00am EST 

Prudential Financial Inc:Says FY 2015 earnings guidance range for baseline adjusted operating income is $9.60 to $10.10 per share.FY 2015 EPS of $9.98 - Thomson Reuters I/B/E/S.  Full Article

Prudential Financial declares quarterly dividend on common stock
Tuesday, 11 Nov 2014 04:07pm EST 

Prudential Financial Inc:Declares a quarterly dividend of $0.58 per share.Payable on Dec. 18 to shareholders of record at the close of business on Nov. 25.  Full Article

Prudential Financial Inc enters into memorandum of understanding with ILC to acquire ownership stake in AFP Habitat in Chile
Tuesday, 28 Oct 2014 05:57pm EDT 

Prudential Financial Inc:Enters into a memorandum of understanding with Inversiones La Construcción S.A. (ILC), the investment subsidiary of the Chilean Construction Chamber.MOU to acquire an indirect ownership interest in Administradora de Fondos de Pensiones Habitat S.A. (AFP Habitat), a provider of retirement services in Chile that trades under the symbol HABITAT CI on the Santiago Stock Exchange.Prudential would expect to acquire indirectly between about 34 and 40 pct of AFP Habitat from ILC, depending on the results of a pre-closing partial tender offer by ILC to acquire additional shares of AFP Habitat from public shareholders.Prudential would acquire its indirect interest in the AFP Habitat shares from subsidiaries of ILC for 925 Chilean Pesos per share, for a total purchase price of about $530 mln to $620 mln at current exchange rates.It is expected that the transaction would result in equal ownership positions for Prudential and ILC, with a controlling stake in AFP Habitat held through a joint holding company.Transaction, is expected to close in the first half of 2015.  Full Article

Prudential Financial Inc declares quarterly dividend on common stock
Tuesday, 12 Aug 2014 04:07pm EDT 

Prudential Financial Inc:Announces that the declaration of a quarterly dividend of $0.53 per share of Common Stock.Payable on Sept. 18, to shareholders of record on Aug. 26.  Full Article

Prudential Financial Inc's PREI joint venture sells German residential portfolio
Monday, 28 Jul 2014 10:30am EDT 

Prudential Real Estate Investors and Kauri CAB Management GmbH:Says sale of portfolio of 25 residential Altbau buildings located within S-Bahn ring of Berlin for 78.6 mln euros.PREI is real estate investment and advisory business of Prudential Financial, Inc.  Full Article

Visteon Corp agrees to purchase group annuity contract covering about one-third of U.S. pension liability from Prudential Financial
Wednesday, 16 Jul 2014 08:44am EDT 

Visteon Corp:Says that it has entered into an agreement to transfer certain U.S. pension assets to Prudential Insurance company of America, a subsidiary of Prudential Financial Inc, to settle about $350 mln of Visteon's $1.1 billion in outstanding U.S. pension obligations.Visteon Pension Plan will purchase a group annuity contract from Prudential, which will then assume the obligation to make future annuity payments to certain Visteon hourly retirees.Towers Watson acted as the company's consultant for this transaction.Fiduciary Counselors Inc. served as an independent fiduciary in the selection process.  Full Article

Prudential Real Estate Investors, AP3 form joint venture to invest in German retail properties
Wednesday, 11 Jun 2014 09:19am EDT 

Prudential Financial Inc:Says Prudential Real Estate Investors and the Third Swedish National Pension Fund, AP3 forms a joint venture to invest in retail properties throughout Germany.Joint venture has acquired a first portfolio and agreed to acquire a second portfolio of grocery-anchored retail properties from funds managed by Taurus Investment Holdings, which remains a minority partner in both transactions.  Full Article

Prudential Financial announces share repurchase
Tuesday, 10 Jun 2014 04:10pm EDT 

Prudential Financial Inc:Authorizes repurchase of up to $1.0 bln of its outstanding Common Stock during the period from July 1, 2014 through June 30, 2015.  Full Article

Prudential Financial declares quarterly dividend on common stock
Tuesday, 13 May 2014 04:07pm EDT 

Prudential Financial Inc:Declares quarterly dividend of $0.53 per share of Common Stock.Payable on June 19, to shareholders of record on May 27.  Full Article

Prudential Financial Inc declares quarterly dividend on common stock
Tuesday, 11 Feb 2014 04:07pm EST 

Prudential Financial Inc:Says the declaration of a quarterly dividend of $0.53 per share of Common Stock, payable on Mar. 20, to shareholders of record at the close of business on Feb. 25.  Full Article

Prudential misses estimates as losses from derivatives soar

- Prudential Financial Inc , the second-largest U.S. life insurer, reported a quarterly profit that fell short of market estimates by a wide margin, mainly due to losses tied to its derivatives program.

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