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Prudential Financial Inc (PRU)

PRU on New York Consolidated

110.78USD
20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Prudential Financial says ‍as of Sept 30, 2017 assets under management were $1.134 trillion
Tuesday, 17 Oct 2017 04:48pm EDT 

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 12:35pm EDT 

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

Prudential Financial Inc Q2 earnings per share $1.12
Wednesday, 2 Aug 2017 04:12pm EDT 

Aug 2 (Reuters) - Prudential Financial Inc :Prudential Financial, Inc announces second quarter 2017 results.Q2 adjusted operating earnings per share $2.09.Q2 earnings per share $1.12.Q2 earnings per share view $2.70 -- Thomson Reuters I/B/E/S.Prudential Financial Inc - ‍retirement segment reported adjusted operating income of $308 million for current quarter, compared to $236 million in year-ago quarter​.Prudential - ‍asset management segment reported adjusted operating income of $218 million for current quarter, compared to $207 million in year-ago quarter​.Prudential Financial Inc - assets under management amounted to $1.334 trillion at June 30, 2017, compared to $1.264 trillion at December 31, 2016.  Full Article

Prudential announces new leadership structure for U.S. businesses
Thursday, 20 Jul 2017 08:58am EDT 

July 20 (Reuters) - Prudential Financial Inc ::Prudential announces new leadership structure for U.S. businesses.Prudential financial Inc says under new structure, to be effective in Q4 2017, co's five U.S. businesses will be aligned under three groups.Prudential financial says Lori Fouché to lead Individual Solutions group, Andy Sullivan to lead Individual Solutions group.Prudential Financial says Investment Management group will continue to be led by David Hunt.Says co's U.S. businesses will be aligned under individual solutions, workplace solutions and investment management groups.  Full Article

Prudential Financial says on July 17 entered along with unit into $4 bln five year credit agreement - SEC filing
Tuesday, 18 Jul 2017 04:39pm EDT 

July 18 (Reuters) - Prudential Financial Inc :Prudential Financial Inc - on July 17, co along with its subsidiary entered into $4 billion five year credit agreement - SEC filing.Prudential Financial Inc - five year credit facility amends and restates company's previously-existing $4 billion five year credit facility.Prudential Financial Inc - there are currently no amounts outstanding under five year credit facility or previously-existing credit facility.  Full Article

CT Corp and Prudential Financial create life insurance joint venture in Indonesia
Tuesday, 18 Jul 2017 04:46am EDT 

July 18 (Reuters) - :CT Corp and Prudential Financial create life insurance joint venture in Indonesia.Prudential Financial Inc says Co's unit has acquired a 49 percent interest in CT Corp’s subsidiary, PT Asuransi Jiwa Mega Indonesia.  Full Article

Prudential short duration high yield fund net asset value per share $16.84, as of May 31 vs. $16.79, as of May 31, 2016
Wednesday, 5 Jul 2017 04:10pm EDT 

July 5 (Reuters) - Prudential Short Duration High Yield Fund Inc ::Prudential short duration high yield fund, inc. Reports unaudited earnings and financial position for quarter ended may 31, 2017.Net asset value per share as of may 31 $16.84 versus $16.79 as of May 31, 2016.Prudential short duration high yield fund - net investment income per share outstanding for quarter ended may 31 $0.29 versus $0.32 for quarter ended may 31, 2016.  Full Article

Hartford Financial enters agreement with Prudential Financial to buy group annuity contract and transfer pension plan liabilities​
Monday, 26 Jun 2017 07:05am EDT 

June 26 (Reuters) - Hartford Financial Services Group Inc :Hartford Financial-agreement with Prudential Financial to buy group annuity contract and transfer $1.6 billion in U.S. Qualified pension plan liabilities​.Hartford Financial - agreement to transfer responsibility for pension benefits for about 38 percent of Hartford's U.S. Pension plan participants to Prudential.Hartford Financial - ‍as a result of transaction, expects to recognize reduction to stockholder's equity of about $140 million, or $0.37 per share.Hartford - as a result of transaction, co expects to recognize, in Q2 2017, a pension settlement charge to net income of about $485 million, after-tax.Hartford Financial - to maintain plan's pre-transaction-funded status, hartford intends to make a contribution of about $300 million by year-end 2017.Hartford Financial Services Group Inc - there will be no change to pension benefits for any plan participants as a result of the transaction.  Full Article

Prudential Financial sees sales slowdown due to uncertainty of Labor Dept rule - webcast
Tuesday, 6 Jun 2017 11:10am EDT 

June 6 (Reuters) - Prudential :Says it has seen "some slowdown in sales" due to "uncertainty" over implementation of the U.S. Department of Labor's fiduciary rule for retirement account advice - webcast.Prudential says the "greatest uncertainty" about the rule has been in banks and wirehouses that distribute its products - webcast.Prudential says two distributors won't participate in "best interest contract" provision of the Labor Dept fiduciary rule, but the impact is not "significant" - webcast.  Full Article

Prudential Financial shareholders approve resolution to vote on executive pay
Tuesday, 9 May 2017 02:20pm EDT 

May 9 (Reuters) - Prudential Financial Inc :Says shareholders approved resolution to cast non-binding advisory vote on executive compensation program.Prudential financial says resolution to cast the advisory vote on an annual basis was also approved.Prudential financial says shareholders rejected proposal to install independent board chairman.  Full Article

BRIEF-Prudential Financial says ‍as of Sept 30, 2017 assets under management were $1.134 trillion

* Prudential Financial Inc - ‍as of September 30, 2017, assets under management of asset management segment were $1.134 trillion - SEC filing​ Source text: [http://bit.ly/2yuDQ1d] Further company coverage: