NYSE:PRUInsurance
What Prudential Financial (PRU)'s 2026 Buyback and CIO Transition Plan Means For Shareholders
Earlier this week, Prudential Financial’s board approved a share repurchase program of up to US$1.00 billion of common stock, running from January 1, 2026 through December 31, 2026, alongside several new senior unsecured bond offerings and a planned CIO transition in 2026.
The size and timing of the buyback, funded within an active capital markets program and paired with a change in investment leadership, highlight how Prudential is reshaping its balance sheet and investment operations at...