Prudential Financial (PRU) has a mixed bag of results based on the latest developments. PGIM, an arm of PRU, successfully raised
$4.2 billion funds while the main company was involved in a
$100 million FTC settlement over healthcare claims. However, Prudential is undergoing a
revamp of its investment management structure aiming at better alignment with market movements. Redevelopment on Prudential's
ActiveIncome solution offers customers improved retirement income options. Although they've maintained their
quarterly dividend, company earnings have fallen short of predictions. Wall Street Zen upgraded PRU to a 'Hold' rating.
Morgan Stanley increased their price target based on PRU's involvement in Cat Bond Surge and Clean Energy deals. They also partnered with insurtech
123Seguro for innovative insurance solutions in Latin America. Jacques Chappuis was recently appointed President and CEO of PGIM. Prudential also demonstrated
financial power by strategically redeeming $1B debt.
Prudential Financial PRU News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Sat, 09 Aug 2025 11:18:15 GMT -
Rating 2
- Innovation -1
- Information 7
- Rumor -5
