Prudential (NYSE:PUK) Reaches New 12-Month Low at $17.17

Shares of Prudential plc (NYSE:PUK) reached a new 52-week low on Tuesday . The company traded as low as $17.17 and last traded at $17.31, with a volume of 152405 shares trading hands. The stock had previously closed at $17.67.

Prudential Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a 50-day simple moving average of $19.89 and a 200 day simple moving average of $21.07.

Prudential Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, May 16th. Shareholders of record on Tuesday, April 2nd will be given a $0.2842 dividend. This is a positive change from Prudential’s previous Semi-Annual dividend of $0.24. The ex-dividend date of this dividend is Monday, April 1st.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Glassman Wealth Services boosted its position in shares of Prudential by 135.7% in the 4th quarter. Glassman Wealth Services now owns 1,183 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 681 shares during the last quarter. FinTrust Capital Advisors LLC boosted its position in shares of Prudential by 51.6% in the 4th quarter. FinTrust Capital Advisors LLC now owns 975 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 332 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Prudential in the 4th quarter worth $28,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Prudential by 53.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,088 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 379 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Prudential by 369.2% in the 4th quarter. Russell Investments Group Ltd. now owns 1,370 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,078 shares during the last quarter. 1.90% of the stock is currently owned by institutional investors.

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.