Global regulators hold off designating 'too big to fail' insurers
Posted today (19 hours ago)
Global insurance regulators will suspend designating globally systemically important insurers, who are required to hold extra capital, in a victory for companies such as American International Group (AIG.N) and Prudential (PRU.L). The International Association of Insurance Supervisors (IAIS) said it wants to replace the list of "too big to fail" insurers, last published in 2016, with a broader framework from 2020. In the aftermath of the global financial crisis, regulators singled out systemically important insurers who then face onerous bank-like capital rules to cover potential losses, increasing costs and potentially reducing shareholder returns.
Global regulators review risk assessment of top insurers
Posted today (20 hours ago)
Global insurance regulators have proposed suspending publication of their list of systemic insurers who must comply with tougher capital rules, in a victory for the industry. The International Association ...
In the daily bar chart of PRU, below, we can see that prices have lost ground from January's zenith. One positive is the On-Balance-Volume (OBV) line, which shows a rise from late June into early November suggesting that buyers of PRU were more aggressive even as prices declined. In the weekly bar chart of PRU, below, we see that prices are below the declining 40-week moving average line.
[$$] Sushil Wadhwani hedge fund sold to Prudential Financial
US insurer Prudential Financial’s funds arm is to buy former Bank of England policymaker Sushil Wadhwani’s computer-driven hedge fund, the latest move in a land grab for quantitative investing. Wadhwani Asset Management will become part of QMA, the quant unit of Prudential’s funds arm PGIM, although the London-based hedge fund will operate independently, QMA said on Tuesday.
QMA adds Wadhwani Asset Management as part of QMA’s global expansion strategy
Posted on Nov 13, 2018 (2 days ago)
QMA, the quantitative equity and global multi-asset solutions manager of PGIM, announced today PGIM’s acquisition of Wadhwani Asset Management , a London-based quantitative macro-focused investment management firm.
Prudential Financial Declares Quarterly Dividend on Common Stock
Posted on Nov 12, 2018 (2 days ago)
Prudential Financial, Inc. announced today the declaration of a quarterly dividend of $0.90 per share of Common Stock, payable on December 13, 2018, to shareholders of record at the close of business on November 26, 2018.
Research Report Identifies Prudential Financial, Second Sight Medical Products, Acushnet, Repligen, Scorpio Tankers, and Aethlon Medical with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
Posted on Nov 12, 2018 (2 days ago)
NEW YORK, Nov. 12, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Prudential Financial profit rises as life insurance offsets annuities weakness
Posted on Nov 7, 2018 (7 days ago)
Prudential Financial Inc on Wednesday reported a 1.74 percent rise in quarterly profit from the year-ago period as profits in its life insurance units offset weaker results in its annuities business. Prudential, the largest U.S. insurer by assets, said it earned $1.35 billion, or $3.15 per share, in adjusted operating profit after-tax for the third quarter, up from $1.32 billion or $3.01 per share, a year earlier. Prudential said adjusted operating income at its individual annuities unit fell 21.3 percent to $454 million partly because of higher costs for hedging against risk and higher distribution costs.