Prudential (NYSE:PUK) Sets New 12-Month High – Here’s What Happened

Prudential plc (NYSE:PUK)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $21.11 and last traded at $21.19, with a volume of 8619 shares. The stock had previously closed at $20.67.

Analyst Ratings Changes

Separately, StockNews.com upgraded Prudential from a “sell” rating to a “hold” rating in a report on Saturday.

Prudential Trading Up 0.9 %

The stock has a market cap of $28.21 billion, a PE ratio of 9.24, a P/E/G ratio of 0.41 and a beta of 1.21. The company’s 50 day moving average is $18.00 and its 200-day moving average is $17.12.

Prudential Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.3258 per share. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Prudential’s previous dividend of $0.24. Prudential’s payout ratio is currently 28.02%.

Institutional Trading of Prudential

Institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. grew its holdings in Prudential by 0.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 111,486 shares of the financial services provider’s stock worth $1,777,000 after acquiring an additional 935 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Prudential by 52.6% during the fourth quarter. National Bank of Canada FI now owns 3,042 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 1,049 shares during the last quarter. GAMMA Investing LLC grew its stake in Prudential by 95.8% in the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,127 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Prudential by 417.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider’s stock valued at $29,000 after buying an additional 1,497 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in Prudential during the fourth quarter valued at approximately $30,000. 1.90% of the stock is owned by institutional investors and hedge funds.

About Prudential

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.