Citigroup Inc. Decreases Stock Holdings in Prudential plc (NYSE:PUK)

Citigroup Inc. cut its stake in Prudential plc (NYSE:PUK) by 35.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,816 shares of the financial services provider’s stock after selling 6,535 shares during the period. Citigroup Inc.’s holdings in Prudential were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in PUK. FinTrust Capital Advisors LLC boosted its stake in Prudential by 51.6% during the fourth quarter. FinTrust Capital Advisors LLC now owns 975 shares of the financial services provider’s stock worth $27,000 after buying an additional 332 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Prudential by 53.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,088 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 379 shares during the period. Bessemer Group Inc. acquired a new stake in Prudential during the second quarter worth about $60,000. Belpointe Asset Management LLC increased its position in Prudential by 23.1% during the first quarter. Belpointe Asset Management LLC now owns 2,322 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 436 shares during the last quarter. Finally, CWM LLC raised its stake in Prudential by 24.1% during the third quarter. CWM LLC now owns 2,830 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 549 shares during the period. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Price Performance

Prudential stock opened at $19.30 on Thursday. The firm has a 50 day simple moving average of $20.58 and a 200-day simple moving average of $21.48. Prudential plc has a 1-year low of $18.60 and a 1-year high of $30.91.

Prudential Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, May 16th. Investors of record on Tuesday, April 2nd will be issued a $0.2842 dividend. The ex-dividend date of this dividend is Monday, April 1st. This is a boost from Prudential’s previous Semi-Annual dividend of $0.24.

Prudential Profile

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.