Latest news with #PGIM
Yahoo
2 days ago
- Business
- Yahoo
What You Need To Know Ahead of Prudential Financial's Earnings Release
New Jersey-based Prudential Financial, Inc. (PRU) provides insurance, investment management, and other financial products and services worldwide. With a market cap of $36.2 billion, Prudential operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments. The insurance giant is expected to release its Q2 earnings after the market closes on Wednesday, Jul. 30. Ahead of the event, analysts expect Prudential to report a profit of $3.24 per share, down 4.4% from $3.39 per share reported in the year-ago quarter. The company has missed Wall Street's adjusted EPS projections twice over the past four quarters while exceeding the estimates on two other occasions. More News from Barchart Opendoor Stock Is Surging Higher in a Frenzied Retail Rally. How Should You Play OPEN Shares Here? Nvidia Stock Warning: This NVDA Challenger Just Scored a Major Customer Analysts Are Cutting Their Price Targets for UnitedHealth Stock Before Q2 Earnings. Is It Time to Ditch Shares? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For the full fiscal 2025, analysts expect PRU to deliver an EPS of $13.45, up 6.6% from $12.62 in fiscal 2024. In fiscal 2026, its earnings are expected to further grow 9.4% year-over-year to $14.72 per share. PRU has plunged 16.4% over the past 52 weeks, significantly underperforming the S&P 500 Index's ($SPX) 13.4% returns and the Financial Select Sector SPDR Fund's (XLF) 22.3% surge during the same time frame. Prudential Financial's stock prices dipped nearly 1% in the trading session after the release of its mixed Q1 results on Apr. 30. While the company's net investment income observed a significant improvement, its premiums observed a steep decline. Prudential's overall revenues came in at $13.5 billion, missing the Street expectations by a high-single-digit figure. Meanwhile, its adjusted EPS for the quarter came in at $3.29, beating the consensus estimates by two cents. PRU holds a consensus 'Hold' rating overall as analysts remain cautious about the stock's prospects. Of the 17 analysts covering the stock, only two recommend 'Strong Buy,' while 13 suggest 'Hold' and two advocate a 'Strong Sell' rating. Its mean price target of $116.13 represents an 11.4% premium to current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Gulf Today
17-07-2025
- Business
- Gulf Today
ADGM Academy partners with PGIM to advance sustainable technology
ADGM Academy (ADGMA) has partnered with PGIM, the global investment management business of Prudential Financial, to launch the RealAssetX Abu Dhabi Innovation Centre - a cutting-edge lab dedicated to advancing sustainable technology, artificial intelligence (AI), and deep tech within the real asset industry. Set to open in September this year at the ADGM Academy offices, the centre will bring together global expertise to tackle the most pressing challenges and opportunities in real estate, infrastructure, smart cities, and related sectors. The announcement follows the strategic partnership formed between PGIM and the Abu Dhabi Investment Office (ADIO) announced in December last year to support the establishment of the centre. The RealAssetX Abu Dhabi Innovation Centre will focus on three key areas: climate technologies, advancing decarbonisation and environmental resilience; AI-driven decision-making, enhancing asset management and investment strategies through advanced analytics; and breakthrough applications, exploring blockchain for real estate, smart infrastructure systems and advanced materials. PGIM and ADGMA will jointly guide and oversee the centre's strategy and operations, as it delivers research, ideation labs, hackathons, pitch competitions, and incubator and accelerator programmes. Alessandro Borgogna, Advisor - Cluster Planning and Development at ADIO, said, 'Abu Dhabi is driving the next stage of innovation by integrating AI, sustainability, and digital transformation across global industries. RealAssetX Abu Dhabi demonstrates our commitment to strengthening the financial services sector and positioning the emirate as a launchpad for deep tech solutions that deliver value at scale.' Mansoor Jaffar, CEO at ADGM Academy and Research Centre, said, 'We are committed to building a vibrant ecosystem that nurtures early-stage ventures and accelerates breakthrough technologies in real assets. Our partnership with PGIM, supported by ADIO, will enable the RealAssetX Centre to drive innovation, support sustainable development, and position Abu Dhabi as a global hub for deep tech and smart infrastructure.' Mohammed Abdulmalek, Head of the Middle East at PGIM, commented, 'By combining PGIM's global investment expertise with ADGMA's commitment to talent and technology, we are creating a platform that will drive sustainable growth, unlock new value, and position the region at the forefront of deep tech and AI-driven transformation.' Meanwhile in September, 2024, PGIM, the global investment management business of Prudential Financial, has received Financial Services Permission (FSP) to operate in Abu Dhabi Global Market (ADGM) and has opened a new office in Abu Dhabi, located in the city's financial district. Establishing its local entity marks PGIM's formal entry into the Middle East market, underscoring its commitment to serving institutional and professional clients in the region. PGIM is dedicated to providing innovative investment strategies and comprehensive client advisory services to regional investors, helping them navigate market complexities and achieve their financial goals. Arvind Ramamurthy, Chief of Market Development at ADGM, said, 'We are proud to welcome PGIM, one of the largest asset management companies in the world, to one of the largest financial districts in the world — ADGM. PGIM's expansion into Abu Dhabi marks an important milestone in leveraging its unparalleled expertise and comprehensive range of services alongside ADGM's robust ecosystem to unlock a wealth of investment opportunities in the region. Their role in driving growth and innovation in the region will strengthen ADGM's position as a global financial powerhouse.' Mohammed Abdulmalek, Head of the Middle East for PGIM and Chairman of the newly established local entity, commented, 'PGIM is well-equipped to offer bespoke investment solutions that align with the region's economic growth and transformation.' 'Abu Dhabi remains a key market for us, and the establishment of our new legal entity in ADGM emphasises our ongoing dedication to our presence in the UAE and our commitment to the Middle East. I look forward to leading PGIM's efforts in delivering value to our clients and contributing to the financial landscape of the UAE.' ADGM, the international financial centre of the UAE capital, announced the appointment of Rashed Abdulkarim Al Balooshi as Chief Executive Officer of ADGM's Registration Authority (RA), effective immediately. The appointment reflects ADGM's ongoing commitment to bolstering its leadership team and accelerating the execution of its strategic mandate, in alignment with Abu Dhabi's long-term economic vision. WAM
Zawya
17-07-2025
- Business
- Zawya
ADGM Academy, PGIM launch RealAssetX Abu Dhabi to drive innovation
ABU DHABI - ADGM Academy (ADGMA) has partnered with PGIM, the global investment management business of Prudential Financial, Inc., to launch the RealAssetX Abu Dhabi Innovation Centre - a cutting-edge lab dedicated to advancing sustainable technology, artificial intelligence (AI), and deep tech within the real asset industry. Set to open in September this year at the ADGM Academy offices, the centre will bring together global expertise to tackle the most pressing challenges and opportunities in real estate, infrastructure, smart cities, and related sectors. The announcement follows the strategic partnership formed between PGIM and the Abu Dhabi Investment Office (ADIO) announced in December last year to support the establishment of the centre. The RealAssetX Abu Dhabi Innovation Centre will focus on three key areas: climate technologies, advancing decarbonisation and environmental resilience; AI-driven decision-making, enhancing asset management and investment strategies through advanced analytics; and breakthrough applications, exploring blockchain for real estate, smart infrastructure systems and advanced materials. PGIM and ADGMA will jointly guide and oversee the centre's strategy and operations, as it delivers research, ideation labs, hackathons, pitch competitions, and incubator and accelerator programmes. Alessandro Borgogna, Advisor – Cluster Planning and Development at ADIO, said, 'Abu Dhabi is driving the next stage of innovation by integrating AI, sustainability, and digital transformation across global industries. RealAssetX Abu Dhabi demonstrates our commitment to strengthening the financial services sector and positioning the emirate as a launchpad for deep tech solutions that deliver value at scale.' Mansoor Jaffar, CEO at ADGM Academy and Research Centre, said, 'We are committed to building a vibrant ecosystem that nurtures early-stage ventures and accelerates breakthrough technologies in real assets. Our partnership with PGIM, supported by ADIO, will enable the RealAssetX Centre to drive innovation, support sustainable development, and position Abu Dhabi as a global hub for deep tech and smart infrastructure.' Mohammed Abdulmalek, Head of the Middle East at PGIM, commented, 'By combining PGIM's global investment expertise with ADGMA's commitment to talent and technology, we are creating a platform that will drive sustainable growth, unlock new value, and position the region at the forefront of deep tech and AI-driven transformation.'
Arabian Business
17-07-2025
- Business
- Arabian Business
ADGM Academy partners with PGIM to launch RealAssetX Abu Dhabi Innovation Centre
ADGM Academy (ADGMA) has partnered with PGIM, the global investment management business of Prudential Financial, Inc., to launch the RealAssetX Abu Dhabi Innovation Centre . The centre will focus on sustainable technology, artificial intelligence (AI), and deep tech within the real asset industry. The centre will open in September this year at the ADGM Academy offices, bringing together global expertise to tackle challenges and opportunities in real estate, infrastructure, smart cities, and related sectors. ADGM Academy, PGIM launch real estate innovation hub The announcement follows the strategic partnership formed between PGIM and the Abu Dhabi Investment Office (ADIO) announced in December last year to support the establishment of the centre. Alessandro Borgogna, Advisor – Cluster Planning and Development at ADIO, said: 'Abu Dhabi is driving the next stage of innovation by integrating AI, sustainability, and digital transformation across global industries. RealAssetX Abu Dhabi demonstrates our commitment to strengthening the financial services sector and positioning the emirate as a launchpad for deep tech solutions that deliver value at scale.' The RealAssetX Abu Dhabi Innovation Centre will focus on three key areas: climate technologies, advancing decarbonisation and environmental resilience; AI-driven decision-making, enhancing asset management and investment strategies through analytics; and breakthrough applications, exploring blockchain for real estate, smart infrastructure systems and materials. Mansoor Jaffar, CEO at ADGM Academy and Research Centre, added: 'We are committed to building a vibrant ecosystem that nurtures early-stage ventures and accelerates breakthrough technologies in real assets. Our partnership with PGIM, supported by ADIO, will enable the RealAssetX Centre to drive innovation, support sustainable development, and position Abu Dhabi as a global hub for deep tech and smart infrastructure.' PGIM and ADGMA will jointly guide and oversee the centre's strategy and operations. The centre will deliver research, ideation labs, hackathons, pitch competitions, and incubator and accelerator programmes. Mohammed Abdulmalek, Head of the Middle East at PGIM, said: 'By combining PGIM's global investment expertise with ADGMA's commitment to talent and technology, we are creating a platform that will drive sustainable growth, unlock new value, and position the region at the forefront of deep tech and AI-driven transformation.'
Zawya
17-07-2025
- Business
- Zawya
PGIM and ADGM Academy launch RealAssetX Abu Dhabi to drive innovation and AI for the real asset industry
ABU DHABI – PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc., has partnered with ADGM Academy (ADGMA), to launch the RealAssetX Abu Dhabi Innovation Centre (the Centre) - a cutting-edge lab dedicated to advancing sustainable technology, artificial intelligence (AI), and deep tech within the real asset industry. Set to open in September this year at the ADGM Academy offices, the Centre will bring together global expertise to tackle the most pressing challenges and opportunities in real estate, infrastructure, smart cities, and related sectors. The announcement follows the strategic partnership formed between PGIM and the Abu Dhabi Investment Office (ADIO) announced in December last year to support the establishment of the Centre. Launched by PGIM in 2023, RealAssetX is underpinned by data from PGIM Real Estate and third-party sources. It partners with leading universities and technology companies around the world to research and develop new technologies that can be incubated and adopted by owners, operators and managers of real assets. The RealAssetX Abu Dhabi Innovation Centre will focus on three key areas: Climate technologies – advancing decarbonisation and environmental resilience, AI-driven decision-making – enhancing asset management and investment strategies through advanced analytics, Breakthrough applications – exploring blockchain for real estate, smart infrastructure systems and advanced materials. PGIM and ADGMA will jointly guide and oversee the Centre's strategy and operations, as it delivers research, ideation labs, hackathons, pitch competitions, and incubator and accelerator programmes in partnership with universities and technology companies. These programmes are designed to nurture early-stage ideas and scale high-impact ventures, creating a dynamic ecosystem that bridges academia, entrepreneurship, and industry. Alessandro Borgogna, Advisor – Cluster Planning and Development at ADIO, said: 'Abu Dhabi is driving the next stage of innovation by integrating AI, sustainability, and digital transformation across global industries. RealAssetX Abu Dhabi demonstrates our commitment to strengthening the financial services sector and positioning the emirate as a launchpad for deep tech solutions that deliver value at scale. We are proud to support ADGM Academy and PGIM in this effort and look forward to the impact the RealAssetX Abu Dhabi Innovation Centre will have across real assets and beyond.' Mansoor Jaffar, CEO at ADGM Academy and Research Centre, said: 'At ADGM Academy, we are dedicated to empowering the next generation of innovators by providing the tools, talent, and technology to transform ideas into impactful solutions. We are committed to building a vibrant ecosystem that nurtures early-stage ventures and accelerates breakthrough technologies in real assets. Our partnership with PGIM, supported by ADIO, will enable the RealAssetX Centre to drive innovation, support sustainable development, and position Abu Dhabi as a global hub for deep tech and smart infrastructure.' Mohammed Abdulmalek, Head of Middle East at PGIM , commented: 'RealAssetX Abu Dhabi is a progressive step forward in shaping the future of real assets through innovation, and we're proud to partner with ADGM Academy. By combining PGIM's global investment expertise with ADGMA's commitment to talent and technology, we are creating a platform that will drive sustainable growth, unlock new value, and position the region at the forefront of deep tech and AI-driven transformation. We look forward to driving innovation in real assets from Abu Dhabi.' As a global leader in asset management, PGIM has deep asset class expertise and risk management discipline and has served clients in the Middle East for many years. PGIM offers active management and client-focused advisory services across private and public markets, meeting client needs in Private Alternatives (Real Estate, Agriculture, Private Equity); Public and Private Fixed Income; Fundamental Equity; Multi-asset Solutions; and Retirement and Fund Solutions. With a global team of 1,450 investment professionals, each averaging 22 years of experience, across 41 offices in 19 countries, PGIM is bringing its wealth of experience to one of the world's most progressive financial centres in the Middle East. ABOUT PGIM PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU). In 41 offices across 19 countries, our more than 1,450 investment professionals serve both retail and institutional clients around the world. As a leading global asset manager with $1.4 trillion in assets under management,2 PGIM is built on a foundation of strength, stability, and disciplined risk management. Our multi-affiliate model allows us to deliver specialized expertise across key asset classes with a focused investment approach. This gives our clients a diversified suite of investment strategies and solutions with global depth and scale across public and private asset classes, including fixed income, equities, real estate, private credit, and other alternatives. For more information visit About ADGM Academy ADGM Academy (ADGMA) is the knowledge arm of the international financial centre of Abu Dhabi - was established in order to promote the Emirate of Abu Dhabi as a global financial centre, to develop the economy of the Emirate of Abu Dhabi and make it an attractive environment for financial investments and an effective contributor to the international financial services industry. ADGMA was established with the vision of becoming one of the region's top educational and Human Resources academies for banking, finance, and public services. In line with the UAE leadership's vision to continue to build a strong and resilient economic sector, we aim to provide our constituents and the community at large with world-class educational and experiential programmes. ADGMA has been at the forefront of financial and digital training programmes, partnering with top industry experts, professional organisations and leading academic institutions to design and deliver programs and produce applied-based research relevant to the financial industry, focusing on future-driven trends. CONNECT WITH US: Visit Follow on LinkedIn MEDIA CONTACTS Joanna Drew Sharan Kaur
