Prudential Financial (PRU) Declares $1.10 Quarterly Dividend; 6.2% Yield
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August 11, 2020 1:25 PM EDT
CFRA upgraded Prudential Financial (NYSE: PRU) from Hold to Buy.
For an analyst ratings summary and ratings history on Prudential Financial click here. For more ratings news on Prudential Financial click here.
Shares of Prudential Financial closed at $69.54 yesterday.
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August 11, 2020 7:39 AM EDT
Prudential Financial, Inc. (NYSE: PRU) announced today that it has entered into a definitive agreement with Taishin Financial Holding Co., Ltd., a leading Taiwan-based financial institution, to sell Prudential Life Insurance Company of Taiwan Inc.
Under the terms of the agreement, Prudential Financial will sell 100% of its life insurance business in Taiwan.
Established in 1989, Prudential of Taiwan sells individual whole life and other protection products to... More
August 11, 2020 4:54 AM EDT
By Carolyn Cohn
LONDON (Reuters) - British life insurer Prudential (NYSE: PRU) said on Tuesday it planned to spin off its U.S. business Jackson to focus on Africa and its largest market Asia, responding to investor pressure for a split.
Prudential's shares hit eight-week highs as investors cheered news the company would follow in the footsteps of peers Standard Life and Old Mutual, which have both divided up their operations in recent years.
"This new Prudential model will be a growth-oriented... More
