Prudential (LON:PRU) Sets New 1-Year Low at $691.00

Shares of Prudential plc (LON:PRU) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 691 ($8.60) and last traded at GBX 696.80 ($8.67), with a volume of 592677 shares. The stock had previously closed at GBX 709.60 ($8.83).

Wall Street Analyst Weigh In

PRU has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,800 ($22.41) price objective on shares of Prudential in a report on Wednesday, March 20th. Barclays cut their price objective on shares of Prudential from GBX 1,640 ($20.42) to GBX 1,390 ($17.30) and set an “overweight” rating on the stock in a report on Wednesday, April 3rd.

Prudential Trading Down 2.6 %

The firm has a market cap of £19.00 billion, a price-to-earnings ratio of 1,448.16, a price-to-earnings-growth ratio of 0.40 and a beta of 1.26. The business’s 50 day moving average price is GBX 776.52 and its 200-day moving average price is GBX 833.40. The company has a debt-to-equity ratio of 31.08, a quick ratio of 0.67 and a current ratio of 2.02.

Prudential Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, March 28th will be paid a $0.14 dividend. This represents a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, March 28th. This is a positive change from Prudential’s previous dividend of $0.06. Prudential’s dividend payout ratio is 3,265.31%.

Insider Activity

In related news, insider Anil Wadhwani bought 57,435 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were acquired at an average price of GBX 753 ($9.37) per share, for a total transaction of £432,485.55 ($538,386.09). 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.