29,447 Shares in Prudential plc (NYSE:PUK) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in Prudential plc (NYSE:PUK) during the 4th quarter, Holdings Channel reports. The firm purchased 29,447 shares of the financial services provider’s stock, valued at approximately $469,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. increased its position in shares of Prudential by 0.8% in the fourth quarter. Crossmark Global Holdings Inc. now owns 111,486 shares of the financial services provider’s stock valued at $1,777,000 after acquiring an additional 935 shares during the last quarter. GAMMA Investing LLC grew its stake in Prudential by 95.8% in the fourth quarter. GAMMA Investing LLC now owns 2,303 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 1,127 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Prudential by 417.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,856 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,497 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Prudential during the 4th quarter worth approximately $30,000. Finally, Advisors Preferred LLC acquired a new stake in shares of Prudential in the 4th quarter valued at approximately $31,000. 1.90% of the stock is owned by institutional investors.

Prudential Stock Performance

Shares of PUK stock opened at $21.44 on Wednesday. The firm’s 50-day moving average is $18.00 and its 200-day moving average is $17.12. The stock has a market cap of $28.21 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.41 and a beta of 1.21. Prudential plc has a 52-week low of $14.39 and a 52-week high of $21.53.

Prudential Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Friday, March 28th will be paid 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 payout ratio is currently 28.02%.

Analyst Upgrades and Downgrades

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