Prudential plc (NYSE:PUK - Get Free Report)'s share price reached a new 52-week low on Tuesday . The company traded as low as $18.53 and last traded at $18.57, with a volume of 1766919 shares traded. The stock had previously closed at $18.99.
Prudential Price Performance
The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 0.22. The stock's 50-day simple moving average is $20.49 and its two-hundred day simple moving average is $21.37.
Prudential Increases Dividend
The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, May 16th. Stockholders of record on Tuesday, April 2nd will be given a dividend of $0.2842 per share. The ex-dividend date of this dividend is Monday, April 1st. This is a positive change from Prudential's previous Semi-Annual dividend of $0.24.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Prudential by 18.1% during the second quarter. BlackRock Inc. now owns 3,770,676 shares of the financial services provider's stock valued at $106,786,000 after buying an additional 579,234 shares during the last quarter. Morgan Stanley raised its position in Prudential by 7.7% in the fourth quarter. Morgan Stanley now owns 2,242,746 shares of the financial services provider's stock worth $61,631,000 after purchasing an additional 160,270 shares in the last quarter. Royal Bank of Canada raised its position in Prudential by 2.8% in the third quarter. Royal Bank of Canada now owns 2,104,380 shares of the financial services provider's stock worth $46,129,000 after purchasing an additional 58,097 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Prudential by 15.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,011,551 shares of the financial services provider's stock worth $45,159,000 after purchasing an additional 274,674 shares in the last quarter. Finally, Northern Trust Corp raised its position in Prudential by 3.1% in the fourth quarter. Northern Trust Corp now owns 1,373,545 shares of the financial services provider's stock worth $30,836,000 after purchasing an additional 41,707 shares in the last quarter. Institutional investors and hedge funds own 1.90% of the company's stock.
About Prudential
(
Get Free Report)
Prudential plc, through its subsidiaries, provides life and health insurance, and retirement and asset management solutions to individuals in Asia, and Africa. It offers health and protection, as well as non- participating savings products, such as protection and investment-linked products. The company also provides insurance against common critical illnesses; property and casualty; and tropical disease protection, such as dengue, malaria, and measles.
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