93,597 Shares in Prudential Public Limited (PUK) Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new position in shares of Prudential Public Limited (NYSE:PUK) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 93,597 shares of the financial services provider’s stock, valued at approximately $4,277,000.

A number of other institutional investors also recently bought and sold shares of the stock. Stevens Capital Management LP purchased a new stake in Prudential Public in the 2nd quarter valued at about $334,000. Oppenheimer Asset Management Inc. grew its holdings in Prudential Public by 35.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 52,250 shares of the financial services provider’s stock valued at $2,389,000 after buying an additional 13,623 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Prudential Public in the 2nd quarter valued at about $1,828,000. Ballentine Partners LLC purchased a new stake in Prudential Public in the 2nd quarter valued at about $206,000. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in Prudential Public by 18.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,437 shares of the financial services provider’s stock valued at $431,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors own 1.65% of the company’s stock.

Shares of NYSE:PUK opened at $41.13 on Thursday. Prudential Public Limited has a 1 year low of $40.74 and a 1 year high of $55.36. The stock has a market cap of $59.47 billion, a PE ratio of 11.00, a PEG ratio of 1.29 and a beta of 1.45.

The company also recently announced a semiannual dividend, which was paid on Thursday, October 4th. Stockholders of record on Friday, August 24th were issued a dividend of $0.1567 per share. This represents a dividend yield of 0.67%. The ex-dividend date was Thursday, August 23rd. Prudential Public’s payout ratio is currently 21.93%.

PUK has been the subject of several recent analyst reports. Deutsche Bank restated a “buy” rating on shares of Prudential Public in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Prudential Public from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine upgraded Prudential Public from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, Evercore ISI started coverage on Prudential Public in a report on Tuesday, July 10th. They set an “in-line” rating for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $57.00.

About Prudential Public

Prudential plc, together with its subsidiaries, provides a range of retail financial products and services, and asset management services in Asia, the United States, the United Kingdom, Europe, and Africa. The company offers health and protection, as well as other life insurance products, including participating business and mutual funds; and personal lines property and casualty insurance, group insurance, and institutional fund management services.

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Institutional Ownership by Quarter for Prudential Public (NYSE:PUK)

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