WINTON GROUP Ltd Increases Holdings in Prudential Public Limited Company $PUK

Key Points

• WINTON GROUP Ltd increased its Prudential stake by 373.2% in the second quarter, adding 55,600 shares to hold 70,500 shares valued at approximately $1.89 million. Institutional investors collectively own 1.90% of PUK.
• Prudential reported quarterly earnings of $0.58 per share on $3.90 billion in revenue. Shares opened at $26.66, near the lower end of their 52-week range of $24.61 to $34.03.
• Analyst sentiment remains mixed but the consensus rating is “Moderate Buy”, with a $39.30 target price. The company also declared a $0.1776-per-share dividend, although the article lists an unusually high 133.0% yield.

WINTON GROUP Ltd grew its stake in Prudential Public Limited Company (NYSE:PUK - Free Report) by 373.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,500 shares of the financial services provider's stock after acquiring an additional 55,600 shares during the quarter. WINTON GROUP Ltd's holdings in Prudential Public were worth $1,890,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PUK. Manchester Capital Management LLC increased its holdings in shares of Prudential Public by 1,103.0% during the fourth quarter. Manchester Capital Management LLC now owns 794 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 728 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new position in Prudential Public in the 4th quarter worth about $29,000. Integrated Wealth Concepts LLC purchased a new stake in Prudential Public during the 2nd quarter valued at about $26,000. Allworth Financial LP grew its position in Prudential Public by 47.0% during the 4th quarter. Allworth Financial LP now owns 1,502 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 480 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in Prudential Public by 626.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,657 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 1,429 shares in the last quarter. 1.90% of the stock is owned by hedge funds and other institutional investors.

Prudential Public Price Performance

Shares of PUK stock opened at $26.66 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.04 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average price of $28.24 and a 200-day moving average price of $28.86. Prudential Public Limited Company has a 52 week low of $24.61 and a 52 week high of $34.03.

Prudential Public (NYSE:PUK - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The financial services provider reported $0.58 earnings per share for the quarter. The company had revenue of $3.90 billion for the quarter. On average, sell-side analysts predict that Prudential Public Limited Company will post 2.34 earnings per share for the current year.

Prudential Public Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Friday, September 11th will be issued a dividend of $0.1776 per share. This represents a dividend yield of 133.0%. The ex-dividend date of this dividend is Friday, September 11th.

Analyst Upgrades and Downgrades

PUK has been the topic of several analyst reports. Zacks Research downgraded shares of Prudential Public from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 19th. Wall Street Zen lowered shares of Prudential Public from a "hold" rating to a "sell" rating in a report on Saturday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Prudential Public in a research report on Monday, July 6th. Berenberg Bank set a $39.30 target price on Prudential Public and gave the stock a "buy" rating in a report on Thursday, September 3rd. Finally, Morgan Stanley restated an "overweight" rating on shares of Prudential Public in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.30.

Prudential Public Profile

Prudential plc is a United Kingdom-based international financial services group focused on life and health insurance, retirement solutions and related financial products. The company serves individuals and businesses through products that may include life insurance, medical and health coverage, savings and investment-linked policies, pensions and retirement planning solutions.

Prudential operates primarily in Asia and Africa, with markets including Hong Kong, mainland China, Indonesia, Malaysia, Singapore, Thailand, Vietnam and other countries in the region.

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