Renaissance Technologies LLC reduced its holdings in Prudential plc (NYSE:PUK - Free Report) by 65.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,700 shares of the financial services provider's stock after selling 174,900 shares during the quarter. Renaissance Technologies LLC's holdings in Prudential were worth $1,698,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trexquant Investment LP acquired a new position in Prudential in the 4th quarter worth approximately $213,000. Crossmark Global Holdings Inc. raised its position in Prudential by 9.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 85,984 shares of the financial services provider's stock valued at $1,930,000 after buying an additional 7,169 shares during the period. Cantor Fitzgerald L. P. purchased a new stake in Prudential in the 4th quarter worth about $1,012,000. Covenant Partners LLC boosted its position in Prudential by 5.9% during the 4th quarter. Covenant Partners LLC now owns 27,498 shares of the financial services provider's stock worth $617,000 after acquiring an additional 1,525 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in Prudential by 15.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,011,551 shares of the financial services provider's stock valued at $45,159,000 after acquiring an additional 274,674 shares in the last quarter. 1.90% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently commented on PUK. StockNews.com upgraded shares of Prudential from a "sell" rating to a "hold" rating in a report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft lowered shares of Prudential from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Finally, BNP Paribas raised shares of Prudential from a "neutral" rating to an "outperform" rating in a research note on Wednesday, June 26th.
Read Our Latest Analysis on Prudential
Prudential Stock Performance
PUK stock traded up $0.33 during trading hours on Friday, hitting $18.74. The company's stock had a trading volume of 794,299 shares, compared to its average volume of 951,939. The stock has a 50 day moving average price of $17.16 and a two-hundred day moving average price of $18.25. Prudential plc has a 12 month low of $15.77 and a 12 month high of $23.73.
Prudential Cuts Dividend
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Friday, September 6th will be given a dividend of $0.1368 per share. The ex-dividend date is Friday, September 6th.
Prudential Profile
(
Free Report)
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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