Fox Run Management L.L.C. Invests $469,000 in Prudential plc (NYSE:PUK)

Fox Run Management L.L.C. acquired a new stake in Prudential plc (NYSE:PUK) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,447 shares of the financial services provider’s stock, valued at approximately $469,000.

Other hedge funds have also recently added to or reduced their stakes in the company. ABC Arbitrage SA acquired a new position in shares of Prudential during the 4th quarter worth about $16,207,000. JPMorgan Chase & Co. boosted its stake in Prudential by 353.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 293,210 shares of the financial services provider’s stock worth $5,436,000 after acquiring an additional 228,499 shares during the last quarter. American Century Companies Inc. grew its holdings in Prudential by 8.5% during the fourth quarter. American Century Companies Inc. now owns 227,177 shares of the financial services provider’s stock valued at $3,621,000 after purchasing an additional 17,878 shares during the period. Quantinno Capital Management LP increased its stake in Prudential by 21.2% in the third quarter. Quantinno Capital Management LP now owns 206,157 shares of the financial services provider’s stock valued at $3,822,000 after purchasing an additional 36,087 shares in the last quarter. Finally, Madison Investment Advisors LLC acquired a new stake in Prudential in the fourth quarter worth $1,917,000. Institutional investors and hedge funds own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Prudential Stock Performance

Shares of PUK opened at $21.44 on Wednesday. The stock has a 50 day simple moving average of $18.00 and a 200 day simple moving average of $17.12. Prudential plc has a 52-week low of $14.39 and a 52-week high of $21.53. The firm has a market capitalization of $28.21 billion, a PE ratio of 9.24, a P/E/G ratio of 0.41 and a beta of 1.21.

Prudential Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 28th will be given a dividend of $0.3258 per share. This is an increase from Prudential’s previous dividend of $0.24. The ex-dividend date is Friday, March 28th. Prudential’s dividend payout ratio is currently 28.02%.

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.