Prudential plc (LON:PRU - Get Free Report) insider Anil Wadhwani purchased 57,435 shares of the business's stock in a transaction on Wednesday, March 27th. The shares were acquired at an average price of GBX 753 ($9.52) per share, for a total transaction of £432,485.55 ($546,550.68).
Prudential Stock Performance
Shares of PRU stock opened at GBX 755.80 ($9.55) on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.67 and a debt-to-equity ratio of 31.08. The firm has a fifty day simple moving average of GBX 800.70 and a two-hundred day simple moving average of GBX 850.21. Prudential plc has a 12 month low of GBX 718.80 ($9.08) and a 12 month high of GBX 1,234 ($15.59). The firm has a market capitalization of £20.78 billion, a PE ratio of 1,542.45, a price-to-earnings-growth ratio of 0.35 and a beta of 1.29.
Prudential Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, March 28th. This is an increase from Prudential's previous dividend of $0.06. This represents a dividend yield of 1.43%. Prudential's payout ratio is presently 3,265.31%.
Analyst Ratings Changes
Several equities research analysts have weighed in on PRU shares. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 1,800 ($22.75) price target on shares of Prudential in a research note on Wednesday, March 20th. Barclays restated an "overweight" rating and issued a GBX 1,640 ($20.73) target price on shares of Prudential in a research note on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Prudential from GBX 1,420 ($17.95) to GBX 1,400 ($17.69) and set a "buy" rating on the stock in a research note on Wednesday, November 29th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of GBX 1,576.80 ($19.93).
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About Prudential
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Prudential plc, through its subsidiaries, provides life and health insurance, and retirement and asset management solutions to individuals in Asia, and Africa. It offers health and protection, as well as non- participating savings products, such as protection and investment-linked products. The company also provides insurance against common critical illnesses; property and casualty; and tropical disease protection, such as dengue, malaria, and measles.
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