Prudential Financial, Inc. (PRU) has shown notable market activity recently, with various companies including
&Partners and SageView Advisory Group LLC increasing their positions, and
NBC Securities Inc. reducing their share. They've also had a rise in price performance. A major event to note is Prudential's plan to
buy back $2 billion of their own shares. They've registered a solid first quarter of 2024, meeting EPS estimates and revealing strategic progress despite slight earnings miss.
Solid earnings growth has been reported for 2023, and 2024 started optimistically with results meeting expectations.
Q1 revenues also rose compared to the previous fiscal year. The company launched
SimplyIncome for workplace retirement plans and grew its assets in PGIM beyond $1.3 trillion.
GAMMA investing and Nomura Holdings Inc. have acquired PRU shares; additionally, positions were created by CHURCHILL MANAGEMENT Corp while some shares were sold by Teachers Retirement System of Kentucky and Newbridge Financial Services Group Inc. Prudential has also completed a large block reinsurance transaction with Somerset Assurance.
Prudential Financial PRU News Analytics from Thu, 20 Jul 2023 07:00:00 GMT to Sun, 23 Jun 2024 22:25:08 GMT -
Rating 5
- Innovation -3
- Information 8
- Rumor 3
