Prudential (NYSE:PUK) Hits New 1-Year Low at $17.94

Prudential plc (NYSE:PUK)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $17.94 and last traded at $17.98, with a volume of 73029 shares. The stock had previously closed at $18.46.

Prudential Trading Up 0.6 %

The stock has a market cap of $24.87 billion, a PE ratio of 8.64, a PEG ratio of 1.04 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a fifty day moving average price of $20.02 and a 200 day moving average price of $21.14.

Prudential Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, May 16th. Stockholders of record on Tuesday, April 2nd will be issued a $0.2842 dividend. This is a boost from Prudential’s previous Semi-Annual dividend of $0.24. The ex-dividend date of this dividend is Monday, April 1st. Prudential’s payout ratio is 27.27%.

Hedge Funds Weigh In On Prudential

A number of institutional investors and hedge funds have recently modified their holdings of PUK. FinTrust Capital Advisors LLC lifted its stake in shares of Prudential by 51.6% during the 4th quarter. FinTrust Capital Advisors LLC now owns 975 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 332 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Prudential by 53.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,088 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 379 shares during the last quarter. Glassman Wealth Services lifted its stake in shares of Prudential by 135.7% during the 4th quarter. Glassman Wealth Services now owns 1,183 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 681 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Prudential during the 4th quarter worth approximately $28,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Prudential by 369.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,370 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,078 shares during the last quarter. Hedge funds and other institutional investors own 1.90% of the company’s stock.

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.