Barclays reaffirmed their overweight rating on shares of Prudential (LON:PRU – Free Report) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. Barclays currently has a GBX 1,390 ($17.46) price target on the financial services provider’s stock.
Separately, Jefferies Financial Group restated a buy rating and set a GBX 1,800 ($22.61) price objective on shares of Prudential in a research note on Wednesday, March 20th.
Read Our Latest Report on Prudential
Prudential Stock Performance
Prudential Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.14 per share. This represents a yield of 1.43%. This is a boost from Prudential’s previous dividend of $0.06. The ex-dividend date is Thursday, March 28th. Prudential’s payout ratio is presently 3,265.31%.
Insider Buying and Selling at Prudential
In other news, insider Anil Wadhwani bought 57,435 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average cost of GBX 753 ($9.46) per share, for a total transaction of £432,485.55 ($543,255.31). Company insiders own 0.43% of the company’s stock.
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.
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