Prudential plc (NYSE:PUK - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $18.80, but opened at $17.78. Prudential shares last traded at $17.87, with a volume of 262,213 shares trading hands.
Prudential Stock Down 6.6 %
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 company's fifty day simple moving average is $19.36 and its 200 day simple moving average is $20.83. The firm has a market capitalization of $24.18 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 1.03 and a beta of 1.29.
Prudential Increases Dividend
The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, May 16th. Shareholders of record on Tuesday, April 2nd will be issued a dividend of $0.2842 per share. This is an increase from Prudential's previous Semi-Annual dividend of $0.24. The ex-dividend date is Monday, April 1st. Prudential's dividend payout ratio is 27.27%.
Institutional Investors Weigh In On Prudential
Several hedge funds have recently made changes to their positions in PUK. Glassman Wealth Services increased its stake in shares of Prudential by 135.7% during the fourth quarter. Glassman Wealth Services now owns 1,183 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 681 shares in the last quarter. Principal Securities Inc. purchased a new position in Prudential in the 4th quarter worth approximately $28,000. Russell Investments Group Ltd. boosted its stake in Prudential by 369.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,370 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 1,078 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Prudential by 198.0% in the 4th quarter. National Bank of Canada FI now owns 2,101 shares of the financial services provider's stock worth $45,000 after purchasing an additional 1,396 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Prudential by 24.1% in the third quarter. CWM LLC now owns 2,830 shares of the financial services provider's stock worth $62,000 after buying an additional 549 shares during the last quarter. 1.90% of the stock is currently owned by institutional investors.
About Prudential
(
Get Free Report)
Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong.
Read More
Before you consider Prudential, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Prudential wasn't on the list.
While Prudential currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
