Prudential Financial Inc. (NYSE: PRU) is receiving a general recommendation to 'Reduce' from brokerages. Despite this, year-to-date, the company's stocks are up 13% and the target price has been set at $116.67. Other noteworthy factors include the purchase of over 2,102 shares by
AIA Group Ltd and $16.32 million worth of shares by
Forsta AP Fonden.
Prudential has also launched a new product,
SimplyIncome, for workplace retirement plans on the
Fidelity Investmentsβ’ platform. Reports suggest the first quarter 2024 earnings of the company have met EPS estimates, and overall the stocks have shown a 46% gain for those who invested a year ago. The company has also taken on $4.9 billion in pension obligations for 21,500
Shell US retirees. Major investment moves have also been noted, such as
Fidelis Capital Partners LLC acquiring 1,719 shares and
Nordea Investment Management AB selling 18,981 shares. Prudential also announced a milestone with PGIM assets surpassing $1.3 trillion.
Prudential Financial PRU News Analytics from Thu, 24 Aug 2023 07:00:00 GMT to Sun, 14 Jul 2024 17:22:01 GMT -
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- Information 8
- Rumor -4