Prudential plc (NYSE:PUK – Get Rating) major shareholder Plc Prudential sold 4,500,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $27.00, for a total transaction of $121,500,000.00. Following the completion of the sale, the insider now owns 7,635,443 shares in the company, valued at approximately $206,156,961. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Plc Prudential also recently made the following trade(s):
- On Monday, June 13th, Plc Prudential sold 4,200,000 shares of Prudential stock. The stock was sold at an average price of $40.79, for a total transaction of $171,318,000.00.
Prudential Stock Down 0.9 %
Shares of PUK opened at $23.93 on Friday. Prudential plc has a 12-month low of $21.84 and a 12-month high of $44.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a fifty day moving average price of $24.62 and a 200-day moving average price of $27.44.
Institutional Trading of Prudential
Analyst Ratings Changes
PUK has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Prudential from GBX 1,550 ($18.99) to GBX 1,475 ($18.07) in a research report on Wednesday, April 20th. Morgan Stanley lifted their price objective on shares of Prudential from GBX 1,605 ($19.67) to GBX 1,687 ($20.67) in a research note on Friday, July 15th. UBS Group lifted their price objective on shares of Prudential from GBX 1,655 ($20.28) to GBX 1,685 ($20.65) in a research note on Tuesday, April 12th. Finally, Societe Generale raised shares of Prudential from a “hold” rating to a “buy” rating and dropped their price objective for the stock from GBX 1,450 ($17.77) to GBX 1,375 ($16.85) in a research note on Tuesday, April 19th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,579.50.
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 savings products, such as participating, linked, and other traditional products. The company also provides insurance against common critical illnesses, including cancer, stroke, and heart attack; and tropical disease protection, such as dengue, malaria, and measles.
- Get a free copy of the StockNews.com research report on Prudential (PUK)
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