Edition:
United States

Prudential Financial Inc (PRU)

PRU on New York Consolidated

105.07USD
26 May 2017
Change (% chg)

$-0.95 (-0.90%)
Prev Close
$106.02
Open
$105.61
Day's High
$106.01
Day's Low
$104.92
Volume
1,668,008
Avg. Vol
1,911,343
52-wk High
$114.55
52-wk Low
$66.51

Latest Key Developments (Source: Significant Developments)

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

Prudential Financial says may shed "too big to fail" label- conf call
Thursday, 4 May 2017 12:10pm EDT 

May 4 (Reuters) - Prudential Financial Inc :Believes that it "ultimately may not end up" as a systematically important financial institution (sifi) - conf call.Prudential financial says "tone of things is moving in the right direction in terms of ... Non-Bank sifis in general" - conf call.Prudential financial says capacity for pension risk transfer business is "holding steady if not increasing" - conf call.Prudential financial's pension risk transfer business "will remain episodic," but there is "robust pipeline" - conf call.  Full Article

Prudential Financial Q1 earnings per share $3.09
Wednesday, 3 May 2017 04:18pm EDT 

May 3 (Reuters) - Prudential Financial Inc ::Prudential Financial Inc announces first quarter 2017 results.Q1 adjusted operating earnings per share $2.79.Q1 earnings per share $3.09.Q1 earnings per share view $2.64 -- Thomson Reuters I/B/E/S.Prudential Financial Inc - assets under management amounted to $1.299 trillion at march 31, 2017, compared to $1.264 trillion at December 31, 2016.Prudential Financial - retirement segment reported adjusted operating income of $397 million for current quarter, compared to $219 million in year-ago quarter.  Full Article

Prudential Financial says AUM of asset management segment were $1.069 trillion as of March 31
Tuesday, 18 Apr 2017 04:41pm EDT 

April 18 (Reuters) - Prudential Financial Inc ::Prudential Financial Inc - as of March 31, 2017, assets under management of asset management segment were $1.069 trillion - sec filing.  Full Article

Prudential Financial CEO John Strangfeld's FY 2016 total compensation $5.3 mln vs $4.84 mln in FY 2015 - SEC filing
Tuesday, 21 Mar 2017 04:38pm EDT 

Prudential Financial Inc :CEO John Strangfeld's FY 2016 total compensation was $5.3 million versus $4.84 million in FY 2015 - SEC filing.  Full Article

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

More From Around the Web

Prudential Financial shareholders approve 2016 executive pay

Prudential Financial Inc shareholders on Tuesday approved the company's compensation for executives and sided with directors in rejecting a proposal that would require an independent board chairman.