Prudential Financial, Inc., together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through eight segments: PGIM, Retirement, Group Insurance, Individual Annuities, Individual Life, Assurance IQ, International Businesses, and Closed Block. The company offers investment management services and solutions related to public fixed income, public equity, real estate debt and equity, private credit and other alternatives, and multi-asset class strategies to institutional and retail clients, as well as its general account. It provides a range of retirement investment, and income products and services to retirement plan sponsors in the public, private, and not-for-profit sectors; and group life, long-term and short-term group disability, and group corporate-, bank-, and trust-owned life insurance in the United States, primarily to institutional clients for use in connection with employee and membership benefits plans, as well as sells accidental death and dismemberment and other supplemental health solutions, and provides plan administration services in connection with its insurance coverages. The company develops and distributes individual variable and fixed annuity products, principally to the mass affluent and affluent markets; and individual variable, term, and universal life insurance products to the mass middle, mass affluent, and affluent markets in the United States. In addition, it provides third-party life, health, Medicare, property and casualty, and personal finance products to retail shoppers through its digital and independent agent channels. The company offers its products and services to individual and institutional customers through its proprietary and third-party distribution networks. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.
IPO Year: 2001
Exchange: NYSE
Website: prudential.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/23/2025 | $101.00 | Underperform | BMO Capital Markets |
| 11/14/2024 | $117.00 → $140.00 | Underperform → In-line | Evercore ISI |
| 10/9/2024 | $130.00 | Hold | TD Cowen |
| 9/5/2024 | $118.00 | Equal Weight | Barclays |
| 8/12/2024 | $113.00 | Underweight → Equal Weight | Wells Fargo |
| 5/22/2024 | $121.00 → $143.00 | Hold → Buy | Jefferies |
| 2/9/2024 | Strong Buy → Mkt Perform | Raymond James | |
| 1/3/2024 | $119.00 → $118.00 | Overweight → Neutral | JP Morgan |
| 10/5/2023 | $99.00 | Hold | Deutsche Bank |
| 9/14/2023 | $70.00 → $93.00 | Underperform → Hold | Jefferies |
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BMO Capital Markets initiated coverage of Prudential with a rating of Underperform and set a new price target of $101.00
Evercore ISI upgraded Prudential from Underperform to In-line and set a new price target of $140.00 from $117.00 previously
TD Cowen initiated coverage of Prudential with a rating of Hold and set a new price target of $130.00
Barclays initiated coverage of Prudential with a rating of Equal Weight and set a new price target of $118.00
Wells Fargo upgraded Prudential from Underweight to Equal Weight and set a new price target of $113.00
Jefferies upgraded Prudential from Hold to Buy and set a new price target of $143.00 from $121.00 previously
Raymond James downgraded Prudential from Strong Buy to Mkt Perform
JP Morgan downgraded Prudential from Overweight to Neutral and set a new price target of $118.00 from $119.00 previously
Deutsche Bank initiated coverage of Prudential with a rating of Hold and set a new price target of $99.00
Jefferies upgraded Prudential from Underperform to Hold and set a new price target of $93.00 from $70.00 previously
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PGIM High Yield Bond Fund, Inc. (NYSE:ISD), PGIM Global High Yield Fund, Inc. (NYSE:GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared today monthly distributions for June, July, and August 2025. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund, Inc. GHY $0.105 – PGIM Short Duration High Yield Opportunities Fund SDHY $0.108 – Month Ex-Date Record Date Payable Date June
Inaugural Shelf Notes Fund Commercial Rooftop Solar Portfolio in Maryland and Illinois Solar Landscape, the nation's leading commercial rooftop solar developer, has announced a landmark $175 million long-term partnership with PGIM Private Capital, to finance its growing portfolio of projects that feed electricity directly into the distributed grid, initially across Maryland and Illinois. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250514666070/en/ PGIM Private Capital is the private capital arm of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE:PRU). The partnership – in the
New Prudential Benefits & Beyond study reveals everyday financial stresses as top employee concerns, yet only about one-third of employers believe their workplace benefits ease daily money pressures, focusing instead on retirement benefits Prudential Financial, Inc. (NYSE:PRU) released today its annual Benefits & Beyond study that reveals day-to-day financial stress is a leading concern for employees. Employees are raising their expectations for robust workplace benefits and believe their employers should play a larger role in helping them alleviate that stress. Employers agree, yet many aren't keeping up with those demands, instead focusing more on longer-term financial support. Key find
Initial research to focus on insurance technology, quantum computing and artificial intelligence Prudential Financial, Inc. ((PRU) announced today it has joined the Industry Advisory Board of the Center for Research toward Advancing Financial Technologies (CRAFT) at Stevens Institute of Technology. As a board member, Prudential will partner with leading research universities, including Rensselaer Polytechnic Institute and the University of Connecticut, to address the opportunities and challenges in financial technology. With its focus on expanding access to investing, insurance, and retirement security, Prudential sees an opportunity to bring a unique perspective to the center's mission
American Capital Group ("ACG"), a full-service real estate investment and development company, and PGIM Real Estate, the real estate investment and financing arm of Prudential Financial, today announced a joint venture to develop The Foundry at Totem Lake, a multifamily project in the Kirkland submarket of Seattle. Construction is set to begin in Q2 2025, with completion expected by Q4 2027. Located at 12700 and 12704 NE 124th St., the development will feature a seven-story residential building, including three stories of structured parking. The community will offer 453 units with a diverse range of floor plans including studios, open-one, one-, two- and three-bedrooms. Residents will also
Prudential Financial, Inc. (NYSE:PRU) announced today the declaration of a quarterly dividend of $1.35 per share of Common Stock, payable on June 12, 2025, to shareholders of record at the close of business on May 20, 2025. Prudential Financial, Inc. ((PRU), a global financial services leader and premier active global investment manager with approximately $1.5 trillion in assets under management as of March 31, 2025, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic R
Net income attributable to Prudential Financial, Inc. of $707 million or $1.96 per Common share versus net income of $1.138 billion or $3.12 per share for the year-ago quarter. After-tax adjusted operating income of $1.188 billion or $3.29 per Common share versus $1.115 billion or $3.05 per share for the year-ago quarter. Book value per Common share of $83.59 versus $75.00 per share for the year-ago quarter; adjusted book value per Common share of $96.37 versus $97.03 per share for the year-ago quarter. Parent company highly liquid assets(1) of $4.9 billion versus $4.2 billion for the year-ago quarter. Assets under management(2) of $1.522 trillion versus $1.496 trillion for the
Prudential Financial, Inc. ((PRU) announced today that it will redeem all of the $1,000,000,000 outstanding aggregate principal amount of its 5.375% Fixed-to-Floating Rate Junior Subordinated Notes due 2045 (CUSIP/ISIN No. 744320AV4 / US744320AV41) (the "Notes"). The Notes will be redeemed on May 15, 2025 at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date. A notice of redemption is being sent to all currently registered holders of the Notes by the trustee, The Bank of New York Mellon. For more information, holders of the Notes may call The Bank of New York Mellon at 1-800-254-2826. This release
Prudential Financial, Inc. (NYSE:PRU) will release its first quarter 2025 earnings on Wednesday, April 30, 2025, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company's Investor Relations website at investor.prudential.com. Members of Prudential's senior management will host a conference call on Thursday, May 1, 2025, at 11:00 a.m. ET to discuss with the investment community the company's first quarter results. Conference Call Information The conference call will be broadcast live over the company's Investor Relations website at investor.prudential.com. Please log on 15 minutes early in the event necessary softwar
PGIM Real Estate has completed the fundraise for its first Global Data Center Fund (GDCF) with $2 billion of capital allocated to the strategy. PGIM Real Estate secured capital commitments for the GDCF from a range of global investors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250402571113/en/Morgan Laughlin, Global Head of Data Center Investments, PGIM Real Estate The Fund has a build-fill-sell investment strategy focused on the low latency hyperscale segment of the global data center sector, targeting opportunistic investment returns. Since its first close in July 2023, the GDCF has been developing a geographically diversi
Lucien Alziari to retire as Chief Human Resources Officer in March 2025 Prudential Financial, Inc. (NYSE:PRU) today announced the appointment of Vicki Walia as Chief People Officer, effective March 31, 2025. Walia currently leads human resources for the company's U.S. Businesses and PGIM, Prudential's global asset management business. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250210352670/en/Vicki Walia appointed Chief People Officer of Prudential Financial, effective March 31, 2025. (Photo: Business Wire) "Vicki is an exceptional leader who deeply cares about our people," said Andrew Sullivan, head of International Busin
Jacques Chappuis, formerly co-head of Morgan Stanley Investment Management, will lead PGIM, Prudential Financial, Inc.'s global asset management business, effective May 1, 2025 Chappuis will lead PGIM's next chapter of growth across public and private markets capabilities David Hunt will retire as president and CEO of PGIM and stay on as chairman until July 31, 2025 to ensure a smooth transition Over his successful 13-year tenure, Hunt led PGIM's significant growth and international expansion Prudential Financial, Inc. (NYSE:PRU) announced the appointment of Jacques Chappuis as president and CEO of PGIM, its $1.4 trillion global investment management business, effective May 1, 2025
Advent International ("Advent"), one of the largest and most experienced global private equity investors, today announced the appointment of former Ernst & Young LLP ("EY") Global Chairman and CEO Carmine Di Sibio as an Operating Partner. Di Sibio will play an active role in helping the firm identify, source and execute new deals in the business and financial services space and will work closely with Advent's team and current portfolio of investments. "We are thrilled to welcome Carmine to our growing roster of talented, specialized and hands-on Operating Partners," said Chris Egan, Managing Partner at Advent. "After a distinguished career of nearly four decades at EY, Carmine brings an in
Miami and Rockledge students will receive a $5,000 award and invitations to the 2024 summit for their work addressing the challenges of a changing world. NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- William Charouhis, 18, of Miami, and Anjani Sharma, 17, of Rockledge, today were each named a 2024 Prudential Emerging Visionary for their inspiring commitment to improving the lives of others. As two of 25 Prudential Emerging Visionary winners, William and Anjani will each receive a $5,000 award to help take their innovation to the next level. They are also invited on an all-expens
Prudential Financial, Inc. ((PRU) announced today that Mike Estep, head of product for Group Insurance, will succeed Yanela Frias as president of its Group Insurance business following Frias' appointment as Prudential's CFO. The change is effective March 15, 2024. Estep will report to Caroline Feeney, head of Prudential's U.S. Businesses. "Mike's leadership has been instrumental in developing a long-term vision for our product strategy and driving business growth." said Feeney. "His exceptional track record and client-first approach will ensure our continued progress in positioning Group Insurance as a leader in delivering comprehensive financial solutions to our clients." Since joining
Carlino to lead firm's private alternative distribution for financial intermediaries PGIM Investments, part of PGIM, the $1.27 trillion global investment management business of Prudential Financial, Inc. ((PRU), has appointed Dominick Carlino as global head of Alternative Investments. In this newly created role, Carlino will be responsible for driving the continued development and distribution of alternative investments, tailored to wealth management needs around the globe. He will report to Stuart Parker, president and CEO of PGIM Investments. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231003851744/en/"Dominick's deep und
PGIM Real Estate has appointed Cathy Marcus and Raimondo Amabile as co-chief executive officers, effective Oct. 1, 2023. Marcus and Amabile will jointly run the business in an expansion of their existing global and regional roles and having worked together for over a decade. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230906405896/en/Eric Adler, President and CEO at PGIM Real Estate (Photo: Business Wire) Marcus will retain her responsibilities as global chief operating officer, and Amabile will retain his responsibilities as global chief investment officer. In addition, the following appointments are being made effective O
Prudential Financial, Inc. ((PRU) announced today that it has appointed Nandini Mongia, currently senior vice president and treasurer, as president of Prudential Open-Architecture Solutions, effective June 19. She will report to the company's chairman and CEO, Charles Lowrey. In this new role, Mongia will lead the creation of an open-architecture platform, managing the supply and demand of asset and liability origination and overseeing Prudential's reinsurance entities and third-party strategic relationships. This new business will focus on expanding Prudential's access to serve clients through both proprietary and non-proprietary products and services. "Nandini brings a breadth of expe
PGIM Quantitative Solutions (PGIM Quant), the quantitative, multi-asset and liquid alternatives specialist of PGIM, has appointed Andy Wilmot as head of Strategic Relationships. PGIM is the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE:PRU). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230222005026/en/Andy Wilmot, Head of Strategic Relationships, PGIM Quantitative Solutions (Photo: Business Wire) In this newly created role, Wilmot will spearhead the firm's relationship with its strategic partners and help identify new commercial opportunities across the firm's product suite. As part of
PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. ((PRU), has announced Head of PGIM Fixed Income Michael Lillard will retire in April 2024. In turn, John Vibert will be appointed as president and CEO of the $759 billion active global fixed income manager, effective Jan. 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230111005258/en/Michael Lillard, Head of PGIM Fixed Income, PGIM Fixed Income (Photo: Business Wire) Lillard joined Prudential in 1987 and has served in a host of investment and leadership roles throughout his tenure. In addition to assuming the head of Fixed Income
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PGIM High Yield Bond Fund, Inc. (NYSE:ISD), PGIM Global High Yield Fund, Inc. (NYSE:GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared today monthly distributions for June, July, and August 2025. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund, Inc. GHY $0.105 – PGIM Short Duration High Yield Opportunities Fund SDHY $0.108 – Month Ex-Date Record Date Payable Date June
Prudential Financial, Inc. (NYSE:PRU) announced today the declaration of a quarterly dividend of $1.35 per share of Common Stock, payable on June 12, 2025, to shareholders of record at the close of business on May 20, 2025. Prudential Financial, Inc. ((PRU), a global financial services leader and premier active global investment manager with approximately $1.5 trillion in assets under management as of March 31, 2025, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic R
Net income attributable to Prudential Financial, Inc. of $707 million or $1.96 per Common share versus net income of $1.138 billion or $3.12 per share for the year-ago quarter. After-tax adjusted operating income of $1.188 billion or $3.29 per Common share versus $1.115 billion or $3.05 per share for the year-ago quarter. Book value per Common share of $83.59 versus $75.00 per share for the year-ago quarter; adjusted book value per Common share of $96.37 versus $97.03 per share for the year-ago quarter. Parent company highly liquid assets(1) of $4.9 billion versus $4.2 billion for the year-ago quarter. Assets under management(2) of $1.522 trillion versus $1.496 trillion for the
Prudential Financial, Inc. (NYSE:PRU) will release its first quarter 2025 earnings on Wednesday, April 30, 2025, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company's Investor Relations website at investor.prudential.com. Members of Prudential's senior management will host a conference call on Thursday, May 1, 2025, at 11:00 a.m. ET to discuss with the investment community the company's first quarter results. Conference Call Information The conference call will be broadcast live over the company's Investor Relations website at investor.prudential.com. Please log on 15 minutes early in the event necessary softwar
PGIM High Yield Bond Fund, Inc. (NYSE:ISD), PGIM Global High Yield Fund, Inc. (NYSE:GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared today monthly distributions for March, April, and May 2025. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund, Inc. GHY $0.105 – PGIM Short Duration High Yield Opportunities Fund SDHY $0.108 – Month Ex-Date Record Date Payable Date March
2024 net income attributable to Prudential Financial, Inc. of $2.727 billion or $7.50 per Common share versus $2.488 billion or $6.74 per share for 2023. 2024 after-tax adjusted operating income of $4.588 billion or $12.62 per Common share versus $4.380 billion or $11.88 per share for 2023. Fourth quarter 2024 net loss attributable to Prudential Financial, Inc. of $57 million or $0.17 per Common share versus net income of $1.317 billion or $3.61 per share for the year-ago quarter. Fourth quarter after-tax adjusted operating income of $1.068 billion or $2.96 per Common share versus $926 million or $2.54 per share for the year-ago quarter. Book value per Common share of $77.6
Prudential Financial, Inc. (NYSE:PRU) will release its fourth quarter 2024 earnings on Tuesday, February 4, 2025, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company's Investor Relations website at investor.prudential.com. Members of Prudential's senior management will host a conference call on Wednesday, February 5, 2025, at 11:00 a.m. ET to discuss with the investment community the company's fourth quarter results. Conference Call Information The conference call will be broadcast live over the company's Investor Relations website at investor.prudential.com. Please log on 15 minutes early in the event necessa
Competitively priced at 0.50%, new funds are among lowest-cost buffer ETFs in the marketplace PGIM,1 the $1.4 trillion global investment management business of Prudential Financial, Inc. ((PRU) launches the PGIM S&P 500 Max Buffer ETF series, the PGIM Nasdaq-100 Buffer 12 ETF series and the PGIM Laddered Nasdaq-100 Buffer 12 ETF ("the ETFs"). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250102861008/en/Stuart Parker, President and CEO, PGIM Investments (Photo: Business Wire) The ETFs will be offered at a 0.50% net expense ratio, placing them among the lowest-cost buffer ETFs in the marketplace.2 The PGIM S&P 500 Max Buffe
PGIM High Yield Bond Fund, Inc. (NYSE:ISD), PGIM Global High Yield Fund, Inc. (NYSE:GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE:SDHY) declared today monthly distributions for December 2024, and January and February 2025. The distribution amounts and schedule for each fund appears below: Fund Name Ticker Distribution Per Share Change from Prior Distribution PGIM High Yield Bond Fund, Inc. ISD $0.105 – PGIM Global High Yield Fund, Inc. GHY $0.105 – PGIM Short Duration High Yield Opportunities Fund SDHY $0.108 – Month
Prudential Financial, Inc. (NYSE:PRU) announced today the declaration of a quarterly dividend of $1.30 per share of Common Stock, payable on December 12, 2024, to shareholders of record at the close of business on November 19, 2024. Prudential Financial, Inc. ((PRU), a global financial services leader and premier active global investment manager with approximately $1.6 trillion in assets under management as of September 30, 2024, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudenti