Shares of Prudential plc (LON:PRU – Get Free Report) hit a new 52-week low during trading 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 changing hands. The stock had previously closed at GBX 709.60 ($8.83).
Wall Street Analysts Forecast Growth
PRU has been the topic of a number of research reports. 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 dropped their price target 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 research note on Wednesday, April 3rd.
Check Out Our Latest Stock Analysis on Prudential
Prudential Trading Up 2.2 %
Prudential Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, March 28th will be given a $0.14 dividend. This is a positive change from Prudential’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 28th. This represents a yield of 1.43%. Prudential’s payout ratio is 3,265.31%.
Insiders Place Their Bets
In other Prudential news, insider Anil Wadhwani bought 57,435 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was acquired at an average price of GBX 753 ($9.37) per share, with a total value of £432,485.55 ($538,386.09). 0.43% of the stock is owned by insiders.
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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