Prudential (NYSE:PUK) Sees Strong Trading Volume

Prudential plc (NYSE:PUK) saw unusually-high trading volume on Thursday . Approximately 1,679,606 shares traded hands during mid-day trading, an increase of 105% from the previous session’s volume of 818,511 shares.The stock last traded at $19.25 and had previously closed at $19.30.

Prudential Stock Down 0.2 %

The firm has a 50 day moving average price of $20.57 and a 200-day moving average price of $21.46.

Prudential Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, May 16th. Investors of record on Tuesday, April 2nd will be given a dividend of $0.2842 per share. This is a boost from Prudential’s previous Semi-Annual dividend of $0.24. The ex-dividend date of this dividend is Monday, April 1st.

Institutional Trading of Prudential

Institutional investors and hedge funds have recently made changes to their positions in the business. FinTrust Capital Advisors LLC boosted its stake in shares of Prudential by 51.6% in the fourth quarter. FinTrust Capital Advisors LLC now owns 975 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 332 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Prudential by 53.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,088 shares of the financial services provider’s stock worth $30,000 after buying an additional 379 shares during the last quarter. Glassman Wealth Services boosted its stake in Prudential by 135.7% during the fourth quarter. Glassman Wealth Services now owns 1,183 shares of the financial services provider’s stock worth $27,000 after buying an additional 681 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Prudential in the 4th quarter valued at $28,000. Finally, Russell Investments Group Ltd. lifted its stake 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 valued at $31,000 after purchasing an additional 1,078 shares during the last quarter. 1.90% of the stock is currently owned by hedge funds and other institutional investors.

Prudential Company Profile

Prudential plc, through its subsidiaries, provides life and health insurance, and retirement and asset management solutions to individuals in Asia, and Africa. It offers health and protection, as well as non- participating savings products, such as protection and investment-linked products. The company also provides insurance against common critical illnesses; property and casualty; and tropical disease protection, such as dengue, malaria, and measles.