Prudential plc (LON:PRU) Insider Anil Wadhwani Purchases 65,016 Shares

Prudential plc (LON:PRU) insider Anil Wadhwani purchased 65,016 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was bought at an average cost of GBX 738 ($9.27) per share, with a total value of £479,818.08 ($602,710.82).

Anil Wadhwani also recently made the following trade(s):

• On Wednesday, March 27th, Anil Wadhwani bought 57,435 shares of Prudential stock. The stock was purchased at an average price of GBX 753 ($9.46) per share, with a total value of £432,485.55 ($543,255.31).

Prudential Price Performance

Shares of LON PRU opened at GBX 756.20 ($9.50) on Friday. The stock has a market cap of £20.80 billion, a price-to-earnings ratio of 1,543.27, a PEG ratio of 0.40 and a beta of 1.26. The company has a debt-to-equity ratio of 31.08, a quick ratio of 0.67 and a current ratio of 2.02. Prudential plc has a fifty-two week low of GBX 684.73 ($8.60) and a fifty-two week high of GBX 1,195 ($15.01). The firm’s 50-day simple moving average is GBX 751.31 and its 200 day simple moving average is GBX 819.73.

Prudential Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, March 28th will be issued a $0.14 dividend. This represents a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, March 28th. This is a positive change from Prudential’s previous dividend of $0.06. Prudential’s dividend payout ratio (DPR) is currently 3,265.31%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PRU. Barclays reaffirmed an “overweight” rating and set a GBX 1,390 ($17.46) price target on shares of Prudential in a research note on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,800 ($22.61) target price on shares of Prudential in a research report on Wednesday, March 20th.

Prudential Company Profile

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.