Prudential plc (NYSE:PUK) Position Reduced by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in shares of Prudential plc (NYSE:PUK) by 40.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,717 shares of the financial services provider’s stock after selling 251,744 shares during the period. Natixis Advisors LLC’s holdings in Prudential were worth $5,925,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Prudential by 353.1% during the third 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% in the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock worth $37,000 after buying an additional 1,127 shares during the last quarter. ABC Arbitrage SA acquired a new position in Prudential in the fourth quarter worth approximately $16,207,000. Point72 Asset Management L.P. acquired a new position in Prudential in the third quarter worth approximately $1,281,000. Finally, Barclays PLC acquired a new position in Prudential in the third quarter worth approximately $556,000. Institutional investors own 1.90% of the company’s stock.

Prudential Stock Performance

Prudential stock opened at $20.68 on Friday. The firm has a market cap of $27.20 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 0.41 and a beta of 1.21. Prudential plc has a 1 year low of $14.39 and a 1 year high of $21.10. The firm’s 50 day moving average price is $17.73 and its two-hundred day moving average price is $17.05.

Prudential Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Friday, March 28th will be given a $0.3258 dividend. This is a positive change from Prudential’s previous dividend of $0.24. The ex-dividend date is Friday, March 28th. Prudential’s payout ratio is 11.64%.

Analyst Upgrades and Downgrades

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

Prudential 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.