Prudential plc (LON:PRU) Insider Acquires £479,818.08 in Stock

Prudential plc (LON:PRU) insider Anil Wadhwani acquired 65,016 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of GBX 738 ($9.27) per share, with a total value of £479,818.08 ($602,710.82).

Anil Wadhwani also recently made the following trade(s):

• On Wednesday, March 27th, Anil Wadhwani acquired 57,435 shares of Prudential stock. The stock was bought at an average price of GBX 753 ($9.46) per share, for a total transaction of £432,485.55 ($543,255.31).

Prudential Stock Up 3.8 %

Shares of LON:PRU opened at GBX 756.20 ($9.50) on Monday. The stock’s 50-day moving average price is GBX 750.04 and its two-hundred day moving average price is GBX 817.85. The company has a current ratio of 2.02, a quick ratio of 0.67 and a debt-to-equity ratio of 31.08. Prudential plc has a 12-month low of GBX 684.73 ($8.60) and a 12-month high of GBX 1,195 ($15.01). The firm has a market cap of £20.80 billion, a price-to-earnings ratio of 1,543.27, a PEG ratio of 0.80 and a beta of 1.26.

Prudential Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, March 28th will be paid a $0.14 dividend. This represents a yield of 1.43%. This is a positive change from Prudential’s previous dividend of $0.06. The ex-dividend date is Thursday, March 28th. Prudential’s dividend payout ratio (DPR) is presently 3,469.39%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,800 ($22.61) price objective on shares of Prudential in a research report on Wednesday, March 20th. Barclays reiterated an “overweight” rating and issued a GBX 1,390 ($17.46) price target on shares of Prudential in a report on Wednesday, May 1st.

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.