Prudential Financial (NYSE:PRU)
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3 Months : From Nov 2019 to Feb 2020
By Colin Kellaher
Prudential Financial, Inc. (PRU) on Thursday said its board authorized the repurchase of up to $2 billion of common stock next year.
The Newark, N.J., financial-services company has about 402 million shares outstanding and a market capitalization of roughly $38.3 billion based on Wednesday's closing price of $95.27.
Prudential's board's in September raised its 2019 buyback authorization by $500 million to $2.5 billion, and the company previously said it expected to fully use the increased authorization by the end of the year.
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(END) Dow Jones Newswires
December 19, 2019 08:10 ET (13:10 GMT)
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