Prudential plc (NYSE:PUK) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its holdings in Prudential plc (NYSE:PUK - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 306,434 shares of the financial services provider's stock after selling 36,127 shares during the quarter. Sei Investments Co.'s holdings in Prudential were worth $4,885,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PUK. Smartleaf Asset Management LLC grew its holdings in shares of Prudential by 417.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider's stock worth $29,000 after buying an additional 1,497 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Prudential during the fourth quarter worth $30,000. Advisors Preferred LLC purchased a new position in Prudential in the 4th quarter valued at $31,000. GAMMA Investing LLC increased its stake in Prudential by 95.8% in the 4th quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider's stock valued at $37,000 after buying an additional 1,127 shares during the period. Finally, Ballentine Partners LLC purchased a new position in Prudential during the 4th quarter worth $163,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

Prudential Stock Down 8.2 %

PUK stock traded down $1.71 on Friday, reaching $19.22. 1,790,154 shares of the company's stock were exchanged, compared to its average volume of 1,018,413. The stock has a fifty day moving average of $18.87 and a 200-day moving average of $17.39. The firm has a market cap of $25.28 billion, a PE ratio of 8.28, a P/E/G ratio of 0.41 and a beta of 1.00. Prudential plc has a twelve month low of $14.39 and a twelve month high of $22.01.

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Prudential Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Prudential from a "sell" rating to a "hold" rating in a research report on Saturday, March 22nd.

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.