Prudential (NYSE:PUK) Hits New 1-Year Low at $17.17

Prudential plc (NYSE:PUK) reached a new 52-week low during trading on Tuesday . The stock traded as low as $17.17 and last traded at $17.31, with a volume of 152405 shares traded. The stock had previously closed at $17.67.

Prudential Price Performance

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 firm’s 50 day moving average is $19.73 and its 200 day moving average is $21.01.

Prudential Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, May 16th. Shareholders of record on Tuesday, April 2nd will be paid a dividend of $0.2842 per share. This is a positive change from Prudential’s previous Semi-Annual dividend of $0.24. The ex-dividend date is Monday, April 1st.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Glassman Wealth Services increased its stake in Prudential by 135.7% during the 4th 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. FinTrust Capital Advisors LLC increased its stake in Prudential by 51.6% during the 4th quarter. FinTrust Capital Advisors LLC now owns 975 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 332 shares in the last quarter. Principal Securities Inc. acquired a new position in Prudential during the 4th quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. increased its stake in 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 valued at $30,000 after purchasing an additional 379 shares in the last quarter. Finally, Russell Investments Group Ltd. increased 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 in the last quarter. Institutional investors and hedge funds 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.