Prudential Financial (PRU) has been taking strategic steps towards growth and innovation. PRU has named Sofía Belmar as the leader of their insurance operations in Mexico and has set their Q4 2024 earnings release date, already managing $1.6T in global assets. Internationally, they're partnering with innovative insurance provider, 123Seguro, to better serve Latin American customers. They've also launched Momentum IUL and Stop Loss Insurance and started offering simplified workplace leave experience in collaboration with Penguin Benefits and Ideon.
PRU is all set for a leadership overhaul with the incoming CEO Andrew Sullivan and Jacques Chappuis as the president and CEO of PGIM. The company's stock price target has been raised to $129.00. Despite International Assets Investment Management LLC selling its shares, institutional owners still heavily dominate the company's ownership.
On top of these measures, their constant partnership and M&A's are driving their growth, justifying an ex-dividend status. Their strategic reinsurance earned approval from China - an international business feat. Overall, this shows positive outlook for PRU's future.
Prudential Financial PRU News Analytics from Thu, 25 Jan 2024 08:00:00 GMT to Fri, 10 Jan 2025 11:00:00 GMT - Rating 7 - Innovation 6 - Rumor 6
