Natixis Advisors L.P. Buys 125,548 Shares of Prudential plc (NYSE:PUK)

Natixis Advisors L.P. lifted its stake in shares of Prudential plc (NYSE:PUK) by 30.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 537,636 shares of the financial services provider’s stock after acquiring an additional 125,548 shares during the quarter. Natixis Advisors L.P.’s holdings in Prudential were worth $12,069,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in shares of Prudential by 369.2% in the fourth quarter. Russell Investments Group Ltd. now owns 1,370 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,078 shares in the last quarter. Cetera Trust Company N.A bought a new stake in Prudential during the fourth quarter valued at about $108,000. Signaturefd LLC raised its holdings in Prudential by 53.4% during the third quarter. Signaturefd LLC now owns 5,274 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 1,835 shares during the period. Employees Retirement System of Texas bought a new position in shares of Prudential in the third quarter worth about $118,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Prudential during the third quarter worth about $234,000. 1.90% of the stock is owned by hedge funds and other institutional investors.

Prudential Stock Performance

Shares of PUK opened at $19.13 on Wednesday. Prudential plc has a 12-month low of $17.12 and a 12-month high of $30.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.03 and a quick ratio of 0.03. The business’s 50 day moving average is $19.06 and its 200 day moving average is $20.71.

Prudential Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, May 16th. Stockholders of record on Tuesday, April 2nd will be issued a $0.2842 dividend. 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.