Prudential Financial, Inc.
(PRU:NYSE)
Snapshot of Prudential Financial, Inc. (PRU)
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OPEN
$47.90
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PREVIOUS CLOSE
$47.97
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DAY HIGH
$48.32
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DAY LOW
$47.45
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52 WEEK HIGH
09/17/09 - $55.99
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52 WEEK LOW
03/9/09 - $10.63
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MARKET CAP
22.0B
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AVERAGE VOLUME 3 mo
4.4M
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DILUTED EPS TTM
$-1.28
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SHARES OUTSTANDING
462.0M
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EX-DATE
11/20/09
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P/E TTM
NM
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DIVIDEND
$0.70
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DIVIDEND YIELD
1.47%
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| K = Thousands M = Millions B = Billions | |||
BUSINESS EXCHANGE RELATED TOPICPrudential Financial | |||
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PRU Details
Prudential Financial, Inc. provides various financial products and services in the United States, Asia, Europe, and Latin America. The company operates through three divisions: The U.S. Retirement Solutions and Investment Management, The U.S. Individual Life and Group Insurance, and The International Insurance and Investments. The U.S. Retirement Solutions and Investment Management division sells individual variable and fixed annuity products, as well as provides retirement investment and income products and services to retirement plan sponsors in the public, private, and non-profit sectors. This division also provides investment management and advisory services to the public and private marketplace. The U.S. Individual Life and Group Insurance division provides individual variable life, term life, and universal life insurance products; group life, long-term, and short-term group disability, long-term care, and group corporate-owned and trust-owned life insurance products to institutional clients. It also sells accidental death and dismemberment, and other ancillary coverages, as well as provides plan administrative services. The International Insurance and Investments division offers international individual life insurance products in Japan, Korea, and other foreign countries; and provides proprietary and non-proprietary asset management and investment advice and services to retail and institutional clients internationally. In addition, the company engages in real estate brokerage franchise business, which involves marketing its franchises to the real estate companies. Further, it provides institutional clients and government agencies with various services in connection with the relocation of their employees. Prudential Financial was founded in 1875 and is headquartered in Newark, New Jersey.
PRU Top Compensated Officers
Key developments for Prudential Financial, Inc. (PRU)
Prudential Financial Inc. reported un-audited consolidated earnings results for the third quarter and nine months ended Sept. 30, 2009. For the quarter, the company reported net income attributable to company of $1,082 million on revenues of $8,564 million against net loss of $176 million on revenues of $7,030 million a year ago. Income from continuing operations was $1,036 million against loss of $176 million a year ago. For the nine months, the company reported net income attributable to company of $1,259 million on revenues of $24,029 million against net income of $465 million on revenues of $22,291 million a year ago. Income from continuing operations was $1,197 million against income of $498 million a year ago. The company will achieve Common Stock earnings per share for 2009 in the range of $5.40 to $5.60 based on after-tax adjusted operating income of the Financial Services Businesses.
Prudential Financial Inc. reported earnings results for the third quarter of 2009. For the quarter, the company reported net income per common share of $2.35 compared to $0.25 reported a year earlier. Adjusted operating income, which excludes net realized investment gains and losses, was $733 million or $1.59 per common share in the latest period.
Prudential Financial, Inc. launched 'Redefining Retirement,' a new model for the design, management and administration of workplace-provided retirement plans, raising the bar for the industry by delivering a comprehensive and effective solution to the retirement-savings crisis now plaguing American workers. For plan participants, the new and innovative model creates a retirement 'glide path' that carries individuals not only to retirement, but through retirement. Auto-pilot plan features--such as automatic enrollment, automatic contribution escalation, and automatic asset allocation--are combined with Prudential IncomeFlex(R) TargetSM (IFX Target), a guaranteed minimum withdrawal benefit product, to help ensure adequate savings and a guaranteed stream of income in retirement. For plan sponsors, 'Redefining Retirement' offers streamlined processing leading to greater cost efficiencies. And, perhaps most importantly, the new model provides additional levels of fiduciary risk support and enhanced levels of indemnification.
BusinessWeek Rankings
PRU Competitors
| Company | Last | Change |
| Aegon | €4.85 EUR | -0.096 |
| Allstate Corp | $29.12 USD | +0.25 |
| Citigroup Inc | $4.20 USD | -0.06 |
| Manulife Financial Corp | C$18.96 CAD | +0.01 |
| The Travelers Companies Inc | $52.38 USD | -0.30 |
| View Industry Companies | ||
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Industry Analysis
| Valuation | PRU | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.7x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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PRU |
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PRU transactions
| Type Date |
Target |
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Bankruptcy
August 12, 2009 |
Erickson Custom Pools & Spas, Inc. |
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Merger/Acquisition
July 31, 2009 |
Prudential Financial, Inc., 611 Route 46 West in Hasbrouck Heights |
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Merger/Acquisition
July 22, 2009 |
Black Diamond Mining Company, LLC |
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