Russell Investments Group Ltd. Grows Stock Position in Prudential plc (NYSE:PUK)

Russell Investments Group Ltd. lifted its stake in Prudential plc (NYSE:PUK) by 369.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,370 shares of the financial services provider’s stock after buying an additional 1,078 shares during the period. Russell Investments Group Ltd.’s holdings in Prudential were worth $31,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Causeway Capital Management LLC increased its holdings in Prudential by 42.1% during the 3rd quarter. Causeway Capital Management LLC now owns 1,328,428 shares of the financial services provider’s stock valued at $29,119,000 after purchasing an additional 393,374 shares during the period. Ramirez Asset Management Inc. purchased a new position in Prudential during the 3rd quarter valued at about $4,740,000. Envestnet Asset Management Inc. increased its holdings in Prudential by 31.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 729,427 shares of the financial services provider’s stock valued at $15,989,000 after purchasing an additional 174,838 shares during the period. Northern Trust Corp boosted its position in Prudential by 11.2% during the 3rd quarter. Northern Trust Corp now owns 1,331,838 shares of the financial services provider’s stock valued at $29,194,000 after acquiring an additional 134,347 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in Prudential by 677.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 140,250 shares of the financial services provider’s stock valued at $3,074,000 after acquiring an additional 122,216 shares in the last quarter. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Prudential Price Performance

Prudential stock opened at $19.65 on Friday. The stock’s 50 day simple moving average is $19.03 and its two-hundred day simple moving average is $20.64. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.22. Prudential plc has a fifty-two week low of $17.12 and a fifty-two week high of $29.25.

Prudential Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, May 16th. Stockholders of record on Tuesday, April 2nd were given a $0.2842 dividend. This is a boost from Prudential’s previous Semi-Annual dividend of $0.24. The ex-dividend date was Monday, April 1st.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Prudential from a “hold” rating to a “sell” rating in a research report on Monday, May 13th.

Prudential 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.