Prudential plc (NYSE:PUK) Holdings Trimmed by Natixis Advisors LLC

Natixis Advisors LLC trimmed its position in shares of Prudential plc (NYSE:PUK) by 40.4% during the 4th quarter, HoldingsChannel reports. The firm owned 371,717 shares of the financial services provider’s stock after selling 251,744 shares during the quarter. Natixis Advisors LLC’s holdings in Prudential were worth $5,925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Prudential by 353.1% during the 3rd 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. GAMMA Investing LLC grew its position in Prudential by 95.8% during the 4th quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 1,127 shares in the last quarter. ABC Arbitrage SA purchased a new position in shares of Prudential during the 4th quarter valued at $16,207,000. Point72 Asset Management L.P. purchased a new position in shares of Prudential during the 3rd quarter valued at $1,281,000. Finally, Barclays PLC purchased a new position in shares of Prudential during the 3rd quarter valued at $556,000. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Stock Down 0.2 %

Prudential stock opened at $20.68 on Friday. The company’s fifty day simple moving average is $17.73 and its 200-day simple moving average is $17.05. Prudential plc has a 12 month low of $14.39 and a 12 month high of $21.10. The stock has a market cap of $27.20 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.41 and a beta of 1.21.

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 dividend of $0.3258 per share. This is a boost from Prudential’s previous dividend of $0.24. The ex-dividend date is Friday, March 28th. Prudential’s payout ratio is currently 11.64%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Prudential from a “sell” rating to a “hold” rating in a report on Saturday.

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.