Insider Buying: Prudential (PRU) Insider Acquires £189.10 in Stock

Prudential (LON:PRU) insider Mark FitzPatrick bought 10 shares of the business’s stock in a transaction on Tuesday, May 8th. The stock was acquired at an average cost of GBX 1,891 ($25.65) per share, for a total transaction of £189.10 ($256.51).

Mark FitzPatrick also recently made the following trade(s):

  • On Monday, April 9th, Mark FitzPatrick bought 10 shares of Prudential stock. The stock was acquired at an average cost of GBX 1,779 ($24.13) per share, for a total transaction of £177.90 ($241.32).
  • On Thursday, February 8th, Mark FitzPatrick bought 10 shares of Prudential stock. The stock was acquired at an average cost of GBX 1,810 ($24.55) per share, for a total transaction of £181 ($245.52).

PRU stock opened at GBX 1,929 ($26.17) on Friday. Prudential has a 12-month low of GBX 1,612.14 ($21.87) and a 12-month high of GBX 1,992.50 ($27.03).

Prudential (LON:PRU) last posted its quarterly earnings results on Wednesday, March 14th. The financial services provider reported GBX 145.20 ($1.97) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 139 ($1.89) by GBX 6.20 ($0.08). The business had revenue of GBX 4,400.50 billion for the quarter. Prudential had a return on equity of 19.94% and a net margin of 3.50%.

The company also recently declared a dividend, which will be paid on Friday, May 18th. Investors of record on Thursday, March 29th will be given a dividend of GBX 32.50 ($0.44) per share. This is a positive change from Prudential’s previous dividend of $14.50. This represents a dividend yield of 1.7%. The ex-dividend date is Thursday, March 29th.

A number of equities analysts have issued reports on the company. HSBC reaffirmed a “buy” rating and issued a GBX 2,280 ($30.93) target price on shares of Prudential in a research report on Wednesday. Credit Suisse Group reaffirmed an “outperform” rating on shares of Prudential in a research report on Friday, May 4th. Citigroup lowered Prudential to a “neutral” rating and cut their target price for the company from GBX 2,186 ($29.65) to GBX 2,081 ($28.23) in a research report on Tuesday, April 24th. Royal Bank of Canada set a GBX 1,740 ($23.60) target price on Prudential and gave the company a “neutral” rating in a research report on Tuesday, April 24th. Finally, Barclays set a GBX 2,144 ($29.08) target price on Prudential and gave the company a “buy” rating in a research report on Wednesday, March 28th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 2,127.90 ($28.86).

About Prudential

Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

Insider Buying and Selling by Quarter for Prudential (LON:PRU)

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