Cerity Partners LLC Buys 3,428 Shares of Prudential plc (NYSE:PUK)

Cerity Partners LLC increased its stake in Prudential plc (NYSE:PUK) by 25.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,658 shares of the financial services provider’s stock after buying an additional 3,428 shares during the quarter. Cerity Partners LLC’s holdings in Prudential were worth $374,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HBK Sorce Advisory LLC boosted its position in Prudential by 6.4% in the 4th quarter. HBK Sorce Advisory LLC now owns 12,246 shares of the financial services provider’s stock valued at $275,000 after buying an additional 736 shares during the period. Gradient Investments LLC lifted its stake in Prudential by 81,255.6% in the fourth quarter. Gradient Investments LLC now owns 21,966 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 21,939 shares during the period. Employees Retirement System of Texas bought a new position in Prudential during the 3rd quarter worth about $118,000. Ramirez Asset Management Inc. purchased a new position in Prudential during the third quarter valued at approximately $4,740,000. Finally, Royal Bank of Canada raised its stake in Prudential by 2.8% in the third quarter. Royal Bank of Canada now owns 2,104,380 shares of the financial services provider’s stock worth $46,129,000 after buying an additional 58,097 shares in the last quarter. Hedge funds and other institutional investors own 1.90% of the company’s stock.

Prudential Stock Performance

Prudential stock opened at $18.31 on Friday. Prudential plc has a twelve month low of $17.12 and a twelve month high of $30.91. The business has a fifty day moving average of $19.41 and a two-hundred day moving average of $20.87. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.03 and a current ratio of 0.03.

Prudential Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, April 1st. This is an increase from Prudential’s previous Semi-Annual dividend of $0.24.

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.