ABC Arbitrage SA Trims Stock Holdings in Prudential Public Limited Company $PUK

ABC Arbitrage SA cut its holdings in Prudential Public Limited Company (NYSE:PUK) by 68.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 236,431 shares of the financial services provider’s stock after selling 521,901 shares during the quarter. Prudential Public makes up approximately 0.7% of ABC Arbitrage SA’s investment portfolio, making the stock its 27th biggest position. ABC Arbitrage SA’s holdings in Prudential Public were worth $7,358,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PUK. Bessemer Group Inc. increased its holdings in shares of Prudential Public by 59.9% during the third quarter. Bessemer Group Inc. now owns 1,012 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 379 shares in the last quarter. Westside Investment Management Inc. boosted its stake in shares of Prudential Public by 70.7% during the 3rd quarter. Westside Investment Management Inc. now owns 1,070 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 443 shares during the last quarter. Assetmark Inc. raised its stake in shares of Prudential Public by 448.0% in the third quarter. Assetmark Inc. now owns 1,633 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,335 shares during the period. Larson Financial Group LLC raised its position in shares of Prudential Public by 626.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,657 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,429 shares during the period. Finally, CWM LLC boosted its stake in shares of Prudential Public by 22.3% in the third quarter. CWM LLC now owns 2,396 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 437 shares during the period. Institutional investors own 1.90% of the company’s stock.

Prudential Public Price Performance

Shares of NYSE:PUK opened at $31.31 on Tuesday. The firm’s 50 day simple moving average is $29.85 and its 200-day simple moving average is $30.13. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.21. Prudential Public Limited Company has a one year low of $22.14 and a one year high of $34.03.

Prudential Public (NYSE:PUK) last announced its quarterly earnings data on Saturday, February 14th. The financial services provider reported $25.85 earnings per share (EPS) for the quarter. The firm had revenue of $7.59 billion during the quarter. Analysts forecast that Prudential Public Limited Company will post 2.16 earnings per share for the current year.

Prudential Public Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, May 13th. Shareholders of record on Friday, March 27th will be paid a $0.3778 dividend. This represents a yield of 272.0%. The ex-dividend date is Friday, March 27th.

Wall Street Analyst Weigh In

PUK has been the subject of a number of research analyst reports. Zacks Research upgraded Prudential Public from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Prudential Public in a research note on Thursday, April 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Prudential Public in a research note on Wednesday, April 8th. Finally, Jefferies Financial Group cut Prudential Public from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Prudential Public Profile

Prudential Public (NYSE: PUK) is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.