Prudential plc (LON:PRU – Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as GBX 691 ($8.60) and last traded at GBX 696.80 ($8.67), with a volume of 592677 shares traded. The stock had previously closed at GBX 709.60 ($8.83).
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on PRU shares. Jefferies Financial Group restated a “buy” rating and set a GBX 1,800 ($22.41) target price on shares of Prudential in a report on Wednesday, March 20th. Barclays decreased their price objective on shares of Prudential from GBX 1,640 ($20.42) to GBX 1,390 ($17.30) and set an “overweight” rating on the stock in a report on Wednesday, April 3rd.
Check Out Our Latest Report on PRU
Prudential Stock Performance
Prudential Increases Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, March 28th will be issued a $0.14 dividend. This is an increase from Prudential’s previous dividend of $0.06. This represents a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, March 28th. Prudential’s payout ratio is currently 3,265.31%.
Insider Buying and Selling at Prudential
In other Prudential news, insider Anil Wadhwani purchased 57,435 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were acquired at an average cost of GBX 753 ($9.37) per share, for a total transaction of £432,485.55 ($538,386.09). Corporate insiders own 0.43% 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.
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