OLD Mission Capital LLC Reduces Holdings in Prudential plc (NYSE:PUK)

OLD Mission Capital LLC lessened its stake in Prudential plc (NYSE:PUK) by 61.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 138,563 shares of the financial services provider’s stock after selling 223,903 shares during the quarter. OLD Mission Capital LLC’s holdings in Prudential were worth $2,209,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in PUK. ABC Arbitrage SA acquired a new position in Prudential during the 4th quarter valued at about $16,207,000. Arrowstreet Capital Limited Partnership increased its position in shares of Prudential by 1,133.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,051,231 shares of the financial services provider’s stock worth $16,757,000 after acquiring an additional 965,985 shares in the last quarter. JPMorgan Chase & Co. grew its position in Prudential by 321.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,236,697 shares of the financial services provider’s stock worth $19,713,000 after purchasing an additional 943,487 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in Prudential during the fourth quarter valued at $1,917,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Prudential in the 3rd quarter valued at about $1,826,000. 1.90% of the stock is owned by institutional investors and hedge funds.

Prudential Stock Up 0.3 %

Shares of PUK opened at $21.57 on Wednesday. Prudential plc has a 12 month low of $14.39 and a 12 month high of $22.01. The stock has a market cap of $28.37 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 0.41 and a beta of 1.21. The company has a 50-day moving average price of $18.59 and a two-hundred day moving average price of $17.30.

Prudential Increases Dividend

The company also recently disclosed 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 positive change from Prudential’s previous dividend of $0.24. The ex-dividend date of this dividend is Friday, March 28th. Prudential’s dividend payout ratio (DPR) is presently 28.02%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Prudential from a “sell” rating to a “hold” rating in a research note 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.