Prudential plc (LON:PRU) Insider Anil Wadhwani Acquires 65,016 Shares of Stock

Prudential plc (LON:PRU) insider Anil Wadhwani bought 65,016 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average price of GBX 738 ($9.27) per share, for a total transaction of £479,818.08 ($602,710.82).

Anil Wadhwani also recently made the following trade(s):

• On Wednesday, March 27th, Anil Wadhwani purchased 57,435 shares of Prudential stock. The shares were bought at an average cost of GBX 753 ($9.46) per share, for a total transaction of £432,485.55 ($543,255.31).

Prudential Stock Performance

Shares of LON PRU opened at GBX 756.20 ($9.50) on Friday. The company has a current ratio of 2.02, a quick ratio of 0.67 and a debt-to-equity ratio of 31.08. The company has a market capitalization of £20.80 billion, a P/E ratio of 1,543.27, a P/E/G ratio of 0.40 and a beta of 1.26. Prudential plc has a 12 month low of GBX 684.73 ($8.60) and a 12 month high of GBX 1,195 ($15.01). The stock has a 50 day moving average of GBX 751.31 and a 200-day moving average of GBX 819.73.

Prudential Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, March 28th will be given 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 of this dividend is Thursday, March 28th. Prudential’s payout ratio is 3,265.31%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PRU. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,800 ($22.61) price objective on shares of Prudential in a report on Wednesday, March 20th. Barclays reissued an “overweight” rating and issued a GBX 1,390 ($17.46) price objective on shares of Prudential in a research report on Wednesday.

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.