|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||49.77 - 50.05|
|52-week range||37.65 - 50.05|
|PE ratio (TTM)||17.91|
|Forward dividend & yield||0.00 (0.00%)|
|1y target est||55.20|
Bitcoin may have surged a staggering 700 percent since the start of the year but most investors at a Reuters Summit this week said they had not been tempted to play the volatile cryptocurrency. The difficulty of assigning a fair value to a speculative instrument that is less than a decade old and lacks the fundamentals that drive other asset classes was the main reason for steering clear of bitcoin, investors speaking at the Reuters Global Investment 2018 Outlook Summit said. Others said the cryptocurrency's use for criminal purposes such as money laundering was another reason to stay away, as was the widespread perception that the bitcoin rally was another bubble destined to burst.
Prudential expects its Asian business to double in size every five to seven years, the British life insurer said after reporting the region drove a 17 percent rise in new business profit during the first nine months of 2017. Britain's largest insurer, which traditionally saw its revenue fairly equally split between Asia, the United States and Britain, has pushed ahead with Asian growth in recent years. Asia was "in some ways, ours to lose", Chief Executive Mike Wells told investors on Thursday after Prudential said that new business profit in the region rose 15 percent to 1.61 billion pounds, helped by higher sales and rising interest rates.
HONG KONG, Nov 16 (Reuters) - Prudential Asia executives say -- * Asian asset manager Eastspring in process of establishing wholly-owned presence in China * Eastspring recruiting to establish onshore investment ...
Nov 16 (Reuters) - Prudential Plc * NEW BUSINESS PROFIT INCREASED 15 PERCENT TO £1,616 MILLION IN FIRST NINE MONTHS IN ASIA * 9-MONTH LIFE INSURANCE NEW BUSINESS PROFIT INCREASED BY 17 PER CENT TO £2,469 ...
Jackson National Life Insurance Company® today announced the launch of Perspective Advisory II , a fee-based variable annuity with no surrender charge, designed to address personal investment challenges and help people pursue financial freedom in retirement.
NEWARK, N.J.--(BUSINESSWIRE)-- Prudential Retirement, a unit of Prudential Financial, Inc. ( NYSE:PRU ), and Pension Insurance Corporation (PIC), have entered into their fifth longevity reinsurance transaction ...
The company has contacted potential buyers in the last few weeks, Sky News said on Monday. The portfolio would be divided into four parts of between 2-3 billion pounds each, Sky said citing a person briefed on the insurer's plans. Rothesay Life, Legal & General and Pension Insurance Corporation were potential buyers according to the media report.
Britain's Prudential plans to break up its 10 billion pound British pensions annuities book into four parts, in a move that could see the insurer leave its domestic market, Sky News said. The company has ...
By Suzanne Barlyn (Reuters) - Prudential Financial Inc (PRU.N) reported an 11 percent rise in adjusted quarterly operating profit on Wednesday, beating Wall Street's expectations, as rising market values ...
Prudential Plc (SES: K6S.SI - news) 's U.S. life insurance business Jackson has set up a private wealth and trust arm to manage the investments and finances of very wealthy clients. Jackson National Life Insurance Company, which provides retirement products and income strategies for clients in the United States, said it had created an investment-only, tax-deferred variable annuity for trusts and private banks. The Lansing, Michigan-based company said the product could be used by portfolio managers and trust officers to help high and ultra high-net-worth individuals in tax planning.
Jackson National Life Insurance Company® today announced the formation of its Private Wealth & Trust group, a specialized team focused on complex planning, investment management and tax mitigation strategies for high-net-worth and ultra high-net-worth families.
M&G Infracapital, part of savings company Prudential, is closing in on more that £1 billion to invest in preconstruction infrastructure projects and eyeing a further £1.5 billion for operational infrastructure...
Jackson National Life Insurance Company® today released the following statement in support of National Retirement Security Week on behalf of Barry Stowe, chairman and chief executive officer of the North American Business Unit of Prudential plc, Jackson’s parent company.
HONG KONG/SINGAPORE (Reuters) - Prudential Plc (PRU.L) has kicked off the sale of its Vietnam consumer finance unit, which could fetch up to $150 million (113.06 million pounds), as the UK firm sharpens focus on its core insurance business in the Southeast Asian nation, people familiar with the process said. An adviser has been appointed as part of the sale process of Prudential Vietnam Finance Company Ltd, which is in an early stage, two of the sources said.
Britain's Direct Line Insurance Group said on Friday it had appointed Penny James, head of risk at insurer Prudential, as chief financial officer. James will succeed John Reizenstein as CFO on March 1, ...
Britain's Prudential sold its broker-dealer network in the United States for $325 million to LPL Financial, the insurer said on Wednesday. The purchase price may rise to $448 million subject to some transaction ...
Britain's Prudential (Amsterdam: PD8.AS - news) moved to fend off competition from passive funds on Thursday, merging its M&G (Shanghai: 603899.SS - news) asset management and UK and European insurance businesses to save costs and improve its products. The lure of lower-cost index funds has driven a round of consolidation in the active funds sector, with deals such as the formation earlier this year of Janus Henderson through the merger of a U.S. and a UK fund firm. Prudential said the combined M&G Prudential business manages 332 billion pounds ($430 billion) in assets for over 6 million customers and employs more than 9,000 people.
British insurer Prudential said it had bought a majority stake in Nigeria's Zenith Life to give it access to the African country's fast-growing insurance market. It said it had also signed a deal with ...