Timothy L.  Schmidt net worth and biography

Timothy Schmidt Biography and Net Worth

Tim Schmidt is senior vice president and chief investment officer for Prudential Financial, Inc., responsible for asset/liability management, portfolio construction and investment strategy for Prudential’s international and domestic business operations. Schmidt also oversees the company’s alternative asset investing and the hedging of variable annuity guarantees and chairs the Senior Asset Liability Committee. In addition, he serves as Prudential’s representative to the Institute of International Finance’s Committee on Asset and Investment Management.

Previously he was the head of Global Portfolio Management for Prudential responsible for the investment portfolio and asset/liability management for Prudential’s global business operations. Before that, Schmidt was responsible for the overall asset/liability management for Prudential’s Retirement and Group Insurance businesses, and for providing leadership in the ongoing efforts to improve investment results and return on investment risk capital across all portfolios.

Prior to joining Prudential in July 2010, Schmidt served as CFO for MetLife’s Individual Business, which included the individual life and annuities businesses and MetLife’s Affiliated Distribution Group. Before that, Schmidt headed MetLife’s Wealth Strategy Group, which included MetLife’s Brokers/Dealers. Earlier during his 25-year tenure at MetLife, Schmidt held various positions in the investment organization, including head of MetLife’s Portfolio Management Unit, as well as its Structured Finance and Government Securities units. He started at MetLife as a private placement credit analyst.

Schmidt earned an MBA from Northwestern University’s Kellogg School of Management and a bachelor’s degree in accounting and economics from Augustana College. He also holds the Chartered Financial Analyst designation.

What is Timothy L. Schmidt's net worth?

The estimated net worth of Timothy L. Schmidt is at least $1.59 million as of February 29th, 2024. Mr. Schmidt owns 14,754 shares of Prudential Financial stock worth more than $1,587,309 as of April 16th. This net worth estimate does not reflect any other investments that Mr. Schmidt may own. Learn More about Timothy L. Schmidt's net worth.

How old is Timothy L. Schmidt?

Mr. Schmidt is currently 65 years old. There are 7 older executives and no younger executives at Prudential Financial. The oldest executive at Prudential Financial is Mr. Charles Frederick Lowrey Jr., Chairman, CEO & President, who is 66 years old. Learn More on Timothy L. Schmidt's age.

How do I contact Timothy L. Schmidt?

The corporate mailing address for Mr. Schmidt and other Prudential Financial executives is 751 BROAD ST, NEWARK NJ, 07102. Prudential Financial can also be reached via phone at (973) 802-6000 and via email at [email protected]. Learn More on Timothy L. Schmidt's contact information.

Has Timothy L. Schmidt been buying or selling shares of Prudential Financial?

Timothy L. Schmidt has not been actively trading shares of Prudential Financial during the last ninety days. Most recently, Timothy L. Schmidt sold 7,912 shares of the business's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $108.13, for a transaction totalling $855,524.56. Following the completion of the sale, the senior vice president now directly owns 14,754 shares of the company's stock, valued at $1,595,350.02. Learn More on Timothy L. Schmidt's trading history.

Who are Prudential Financial's active insiders?

Prudential Financial's insider roster includes Robert Falzon (EVP), Stacey Goodman (EVP), Timothy Harris (EVP), Terence Harvey (Insider), Wendy Jones (Director), Ann Kappler (EVP), Daniel Lougher (Insider), Charles Lowrey (CEO), Stephen Pelletier (Insider), Jeffrey Quartermaine (Insider), Timothy Schmidt (SVP), Nicholas Silitch (SVP), Scott Sleyster (EVP), Andrew Sullivan (EVP), Kenneth Tanji (CFO), and Candace Woods (SVP). Learn More on Prudential Financial's active insiders.

Are insiders buying or selling shares of Prudential Financial?

During the last twelve months, Prudential Financial insiders bought shares 2 times. They purchased a total of 1,192,658 shares worth more than $30,019,987.75. During the last twelve months, insiders at the financial services provider sold shares 6 times. They sold a total of 60,660 shares worth more than $6,429,392.60. The most recent insider tranaction occured on March, 12th when SVP Robert Axel sold 6,436 shares worth more than $719,930.96. Insiders at Prudential Financial own 0.3% of the company. Learn More about insider trades at Prudential Financial.

Information on this page was last updated on 3/12/2024.

Timothy L. Schmidt Insider Trading History at Prudential Financial

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
2/29/2024Sell7,912$108.13$855,524.5614,754View SEC Filing Icon  
11/16/2023Sell8,281$94.49$782,471.6914,621View SEC Filing Icon  
12/14/2022Sell2,000$103.55$207,100.0016,198View SEC Filing Icon  
2/7/2022Sell14,713$120.00$1,765,560.00View SEC Filing Icon  
11/16/2021Sell3,500$112.26$392,910.00View SEC Filing Icon  
8/24/2021Sell6,579$104.91$690,202.89View SEC Filing Icon  
3/8/2021Sell5,000$94.11$470,550.00View SEC Filing Icon  
9/3/2020Sell5,334$69.54$370,926.3627,784View SEC Filing Icon  
See Full Table

Timothy L. Schmidt Buying and Selling Activity at Prudential Financial

This chart shows Timothy L Schmidt's buying and selling at Prudential Financial by year and by quarter.

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Prudential Financial Company Overview

Prudential Financial logo
Prudential Financial, Inc., together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments. The PGIM segment offers investment management services and solutions related to public fixed income, public equity, real estate debt and equity, private credit and other alternatives, and multi-asset class strategies to institutional and retail clients, as well as its general account. The Retirement Strategies segment provides a range of retirement investment, and income products and services to retirement plan sponsors in the public, private, and not-for-profit sectors; develops and distributes individual variable and fixed annuity products. The Group Insurance segment offers various group life, and long-term and short-term group disability, as well as group corporate-, bank-, and trust-owned life insurance in the United States primarily for institutional clients for use in connection with employee and membership benefits plans; sells accidental death and dismemberment, and other supplemental health solutions; and plan administration services in connection with its insurance coverages. The Individual Life segment develops and distributes variable life, universal life, and term life insurance products. The International Businesses segment develops and distributes life insurance, retirement products, investment products, and certain accident and health products; and advisory services. The company provides its products and services to individual and institutional customers through its proprietary and third-party distribution networks. Prudential Financial, Inc. was founded in 1875 and is headquartered in Newark, New Jersey.
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Today's Range

Now: $107.59
Low: $107.28
High: $108.50

50 Day Range

MA: $111.15
Low: $103.39
High: $117.40

2 Week Range

Now: $107.59
Low: $77.22
High: $118.69

Volume

1,216,324 shs

Average Volume

1,532,871 shs

Market Capitalization

$38.62 billion

P/E Ratio

16.08

Dividend Yield

4.74%

Beta

1.37