Prudential plc (NYSE:PUK) Sees Large Decrease in Short Interest

Prudential plc (NYSE:PUK) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 148,400 shares, a drop of 24.1% from the March 15th total of 195,400 shares. Based on an average daily volume of 866,700 shares, the short-interest ratio is currently 0.2 days.

Prudential Trading Up 0.9 %

Prudential stock traded up $0.15 during trading hours on Monday, hitting $17.67. 1,615,188 shares of the stock were exchanged, compared to its average volume of 879,568. The business’s 50-day moving average is $19.89 and its two-hundred day moving average is $21.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.03 and a quick ratio of 0.03. Prudential has a 12 month low of $17.51 and a 12 month high of $30.91.

Prudential Increases Dividend

The firm 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. The ex-dividend date is Monday, April 1st. This is a positive change from Prudential’s previous Semi-Annual dividend of $0.24.

Hedge Funds Weigh In On Prudential

Several institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in shares of 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 valued at $46,129,000 after buying an additional 58,097 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Prudential by 31.5% in the third quarter. Envestnet Asset Management Inc. now owns 729,427 shares of the financial services provider’s stock worth $15,989,000 after acquiring an additional 174,838 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Prudential by 677.7% during the third quarter. Qube Research & Technologies Ltd now owns 140,250 shares of the financial services provider’s stock worth $3,074,000 after purchasing an additional 122,216 shares in the last quarter. Northern Trust Corp grew its stake in shares of Prudential by 11.2% during the third quarter. Northern Trust Corp now owns 1,331,838 shares of the financial services provider’s stock valued at $29,194,000 after purchasing an additional 134,347 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Prudential in the third quarter valued at approximately $1,068,000. Institutional investors own 1.90% of the company’s stock.

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.