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Carmine Di Sibio, a director at Prudential Financial Inc. (NYSE:PRU), recently purchased 200 shares of the company’s common stock, according to a regulatory filing. The transaction, which took place on February 20, 2025, was valued at $22,208, with the shares acquired at a price of $111.04 each. The purchase comes as the company maintains a robust 4.93% dividend yield and has raised its dividend for 16 consecutive years, according to InvestingPro data.
Following this transaction, Di Sibio holds a total of 200 shares in direct ownership. This move reflects the director’s continued investment in the life insurance company, headquartered in Newark, New Jersey. As a prominent player in the insurance industry with a market capitalization of $39.2 billion, Prudential (LON:PRU) maintains a "Fair" financial health score according to InvestingPro’s comprehensive analysis, which includes detailed metrics and additional insights available in the Pro Research Report.
In other recent news, Prudential Financial has launched OneLeave, a program aimed at enhancing absence and disability management. This initiative integrates existing services into a unified system, providing a streamlined experience for both employers and employees. In a separate development, Prudential disclosed changes to its executive compensation programs, effective for awards in 2025, with updates to the Annual and Long-Term Incentive Programs. These adjustments are intended to align leadership interests with the company’s performance and strategic goals.
Additionally, Prudential has appointed Vicki Walia as the new Chief People Officer, succeeding Lucien Alziari. This leadership change is part of the company’s ongoing strategy to adapt and grow in a dynamic market. Analyst activity around Prudential included Barclays (LON:BARC) raising its target price to $128, reflecting strategic moves in Japan, while Piper Sandler adjusted its target to $124, citing revised asset management results. Prudential’s asset management arm, PGIM, reported $1.38 trillion in assets under management for the fourth quarter of 2024, falling short of some expectations. Meanwhile, Prudential’s variable investment income showed improvement, marking a positive note in its financial performance.
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