Previous Close | 117.02 |
Open | 117.49 |
Bid | 115.74 x 1000 |
Ask | 117.59 x 1300 |
Day's Range | 117.08 - 117.92 |
52 Week Range | 77.22 - 117.92 |
Volume | |
Avg. Volume | 1,574,986 |
Market Cap | 42.172B |
Beta (5Y Monthly) | 1.36 |
PE Ratio (TTM) | 17.37 |
EPS (TTM) | 6.76 |
Earnings Date | Apr 30, 2024 |
Forward Dividend & Yield | 5.20 (4.44%) |
Ex-Dividend Date | Feb 16, 2024 |
1y Target Est | 108.40 |
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NEWARK, N.J., March 28, 2024--Prudential Financial, Inc. (NYSE: PRU) announced today that it has successfully closed a reinsurance transaction for a portion of its guaranteed universal life block with Somerset Re. This transaction, originally announced on July 24, 2023, advances the company’s strategy to reduce market sensitivity and increase capital efficiency. The financial impacts of the transaction are expected to be generally consistent with those highlighted in the prior announcement.
MetLife, American International, Prudential, Hartford Financial Services and Assurant have been highlighted in this Industry Outlook article.
Better pricing, product redesigns, technological advancement and an improvement in the rate environment are expected to aid multiline insurers like MET, AIG, PRU, HIG and AIZ.