Natixis Advisors L.P. Boosts Position in Prudential plc (NYSE:PUK)

Natixis Advisors L.P. raised its stake in Prudential plc (NYSE:PUK) by 30.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 537,636 shares of the financial services provider’s stock after acquiring an additional 125,548 shares during the period. Natixis Advisors L.P.’s holdings in Prudential were worth $12,069,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Altrius Capital Management Inc grew its position in shares of Prudential by 3.9% in the 4th quarter. Altrius Capital Management Inc now owns 278,654 shares of the financial services provider’s stock valued at $6,256,000 after buying an additional 10,430 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Prudential by 369.2% during the fourth quarter. Russell Investments Group Ltd. now owns 1,370 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,078 shares during the last quarter. Truist Financial Corp increased its position in shares of Prudential by 4.8% during the fourth quarter. Truist Financial Corp now owns 41,710 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 1,929 shares in the last quarter. Cetera Trust Company N.A purchased a new stake in shares of Prudential in the 4th quarter valued at about $108,000. Finally, Signaturefd LLC boosted its position in shares of Prudential by 183.0% in the 4th quarter. Signaturefd LLC now owns 14,926 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 9,652 shares during the period. Institutional investors and hedge funds own 1.90% of the company’s stock.

Prudential Trading Down 0.9 %

PUK opened at $19.13 on Wednesday. Prudential plc has a 52 week low of $17.12 and a 52 week high of $30.58. The business’s 50 day moving average is $19.06 and its two-hundred day moving average is $20.71. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.22.

Prudential Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, May 16th. Investors of record on Tuesday, April 2nd will be given a $0.2842 dividend. This is an increase from Prudential’s previous Semi-Annual dividend of $0.24. The ex-dividend date is Monday, April 1st.

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.