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

Posted by Stuart Ham on Mar 29th, 2024

Prudential plc (LON:PRU – Get Free Report) insider Anil Wadhwani bought 57,435 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was acquired at an average price of GBX 753 ($9.52) per share, for a total transaction of £432,485.55 ($546,550.68).

Prudential Price Performance

LON PRU opened at GBX 743 ($9.39) on Friday. The stock has a 50-day simple moving average of GBX 800.70 and a 200 day simple moving average of GBX 850.21. Prudential plc has a twelve month low of GBX 718.80 ($9.08) and a twelve month high of GBX 1,234 ($15.59). The stock has a market capitalization of £20.43 billion, a PE ratio of 1,516.33, a P/E/G ratio of 0.35 and a beta of 1.29. 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 given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a yield of 1.43%. This is a positive change from Prudential’s previous dividend of $0.06. Prudential’s payout ratio is 3,265.31%.

Analyst Ratings Changes

A number of analysts recently commented on PRU shares. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,800 ($22.75) target price on shares of Prudential in a report on Wednesday, March 20th. Barclays reissued 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.

Check Out Our Latest Analysis on PRU

About Prudential

(Get Free Report)

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.