Natixis Advisors LLC Reduces Stock Position in Prudential plc (NYSE:PUK)

Natixis Advisors LLC trimmed its stake in Prudential plc (NYSE:PUK - Free Report) by 40.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 371,717 shares of the financial services provider's stock after selling 251,744 shares during the period. Natixis Advisors LLC's holdings in Prudential were worth $5,925,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. ABC Arbitrage SA bought a new stake in Prudential during the 4th quarter valued at approximately $16,207,000. Pathstone Holdings LLC boosted its position in shares of Prudential by 0.5% during the third quarter. Pathstone Holdings LLC now owns 425,824 shares of the financial services provider's stock valued at $7,895,000 after purchasing an additional 1,995 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Prudential by 353.1% in the third quarter. JPMorgan Chase & Co. now owns 293,210 shares of the financial services provider's stock worth $5,436,000 after purchasing an additional 228,499 shares in the last quarter. StoneX Group Inc. bought a new stake in shares of Prudential during the 3rd quarter valued at $5,090,000. Finally, Quantinno Capital Management LP grew its position in shares of Prudential by 21.2% in the 3rd quarter. Quantinno Capital Management LP now owns 206,157 shares of the financial services provider's stock worth $3,822,000 after buying an additional 36,087 shares during the period. Institutional investors own 1.90% of the company's stock.

Prudential Stock Performance

Shares of PUK traded up $0.01 on Wednesday, hitting $21.46. 1,066,782 shares of the stock traded hands, compared to its average volume of 1,018,948. The company has a market capitalization of $28.23 billion, a PE ratio of 9.25, a P/E/G ratio of 0.41 and a beta of 1.21. Prudential plc has a one year low of $14.39 and a one year high of $21.73. The business has a 50 day simple moving average of $18.00 and a 200 day simple moving average of $17.12.

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Prudential Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.3258 per share. This is an increase from Prudential's previous dividend of $0.24. The ex-dividend date is Friday, March 28th. Prudential's dividend payout ratio is presently 28.02%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Prudential from a "sell" rating to a "hold" rating in a research note on Saturday.

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.