Prudential plc (LON:PRU) Insider Anil Wadhwani Acquires 57,435 Shares of Stock

Prudential plc (LON:PRU) insider Anil Wadhwani acquired 57,435 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was bought at an average price of GBX 753 ($9.52) per share, with a total value of £432,485.55 ($546,550.68).

Prudential Trading Down 0.7 %

Prudential stock opened at GBX 755.80 ($9.55) on Thursday. The firm has a market cap of £20.78 billion, a price-to-earnings ratio of 1,542.45, a price-to-earnings-growth ratio of 0.35 and a beta of 1.29. Prudential plc has a 1 year low of GBX 718.80 ($9.08) and a 1 year high of GBX 1,234 ($15.59). The firm’s 50 day moving average price is GBX 800.70 and its two-hundred day moving average price is GBX 850.21. The company has a debt-to-equity ratio of 31.08, a quick ratio of 0.67 and a current ratio of 1.26.

Prudential Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, March 28th will be issued a $0.14 dividend. This represents a dividend yield of 1.43%. This is a boost from Prudential’s previous dividend of $0.06. The ex-dividend date is Thursday, March 28th. Prudential’s payout ratio is presently 3,265.31%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PRU shares. Barclays restated an “overweight” rating and issued a GBX 1,640 ($20.73) target price on shares of Prudential in a research report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft cut their price objective on Prudential from GBX 1,420 ($17.95) to GBX 1,400 ($17.69) and set a “buy” rating for the company in a report on Wednesday, November 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,800 ($22.75) target price on shares of Prudential in a report on Wednesday, March 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1,576.80 ($19.93).

Prudential Company Profile

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.