ICICI Prudential Life Insurance, which recently concluded its Rs 6,057-crore IPO, will make its stock market debut on Thursday becoming the first insurer to list. The company’s public issue was oversubscribed 10 times. The quota set …
Many people who own stock in either Prudential Life Insurance Co. (Prudential) or MetLife Insurance Co. (MetLife) are not aware of it. If they are aware of it, they are not sure how they became a shareholder. It’s uncertain how many such …
The Prudential Insurance Co. of America yesterday said its board of directors approved a plan to convert from mutual to stock ownership, a move that will entitle individual policyholders to own stock in the insurance giant. As a mutual …
The Securities Appellate Tribunal on Tuesday upheld market regulator SEBI's order imposing Rs 17 lakh penalty on investment firm Prudential Stock & Securities for violating the takeover and insider trading norms. New Delhi: The …
NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE:PRU) announced today the declaration of a quarterly dividend of $0.75 per share of Common Stock, payable on September 14, 2017, to shareholders of record at …
Fortunes were made Thursday -- and some might have been lost -- in a classic stock trading frenzy sparked by an analyst's speculation that Prudential Financial may be about to buy Lincoln National Corp. Lincoln's stock spiked as …
Prudential will spend around 250 million pounds on the reorganisation and aims to achieve cost savings of around 145 million pounds per year by 2022. Eamonn Flanagan, an analyst at Shore Capital which has a buy rating on the stock, …
Shares of ICICI Prudential Life Insurance Co. Ltd ended their first day on the stock exchanges nearly 11% below their issue price, even after the company’s Rs6,057 crore initial public offering (IPO) was subscribed 10.48 times last week. …
Mark Grier, Prudential’s vice chairman, said that stock gains are typically correlated with returns on bonds. Fixed income yields are at near-record lows as the Federal Reserve, led by Chairman Ben S. Bernanke, has said it will keep rates …
Prudential Financial, one of the largest American life insurers, said it planned to sell $1.25 billion of common stock after turning down federal aid. Prudential said it may use the proceeds to increase capital at its insurance subsidiary or to …