Prudential Financial (PRU) has had a mixed year according to reported news, with both earnings and results surpassing and missing expectations. Even so, the company has maintained a strong performance, with shares up 35.1% over the year. PRU's Q2 results highlight some challenges, but the firm's commitment to strategic progress is marked by the introduction of
SimplyIncome for workplace retirement plans and a $2 billion share buyback. The acquisition of $4.9 billion in pension obligations for 21,500 Shell U.S. retirees is a significant move. PRU's stock has been performing strongly, with consistent gains over seven straight sessions. It remains favoured by institutional owners holding 59% of the company and has added
Carmine Di Sibio to its Board of Directors. The firm redeemed itself after a data breach impacted 2.5 million by naming a new CFO and reporting profit growth.
Jefferies upgraded PRU stock given its strategic position, and the company plans to buy back $2 billion worth of insurer’s shares.
Prudential Financial PRU News Analytics from Thu, 07 Sep 2023 07:00:00 GMT to Sat, 03 Aug 2024 14:29:49 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor 2
